Milan: Stmicroelectronics trades in negative territory
(Teleborsa) - Stmicroelectronics is subdued as it drops -2.27%.The weekly analysis of the security and the FTSE MIB shows Stmicroelectronics losing relative strength against the index.
New technical evidence points to a decline of Stmicroelectronics's stock price, which could hit the most immediate support seen at the 26.33 Euros level. However, a sudden rebound would undermine the above scenario by triggering a bullish rise, with the most immediate resistance of 27.03 as a new target. In the next session we can expect a continuation of the downtrend to the key support level of 25.92.
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) 04-09-2024 09:35