Milan: Stmicroelectronics trades in negative territory
(Teleborsa) - Stmicroelectronics is bearish as it trades -2.6% down.In the weekly comparison, Stmicroelectronics's trend is more pronounced than the FTSE MIB trend line, revealing a greater performance when compared to the index.
While the medium-term picture confirms Stmicroelectronics's negative trend, the short term reveals the possibility of a timid upswing to first resistance in the 24.02 area. First support is identified at 23.69. Further positive cues could signal an upward movement with a target of 24.35.
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) 11-27-2024 09:35 AM