Milan: Stmicroelectronics trades in negative territory
(Teleborsa) - Stmicroelectronics is in the red with a -1.96% loss.Stmicroelectronics's weekly trend is more sluggish than the benchmark's movements, showing a downswing performance in comparison to the related FTSE MIB index.
The technical picture for Stmicroelectronics suggests that the bearish trend is to continue towards a test of the 24.93 Euros floor, while the 25.72 area represents the current price ceiling. The outlook is for an extension of the downtrend to test new lows identified at the 24.61 level.
These analyses are to be considered solely for information purposes and are not in any way intended to constitute financial advice, a solicitation of funds from the public or the promotion of any form of investment.
(Teleborsa Research Department)
(Teleborsa) 10-07-2024 12:30 PM