Milan: strong day for Stellantis
(Teleborsa) - Another bullish cue from the international automobile company as it trades with a good +3.76% gain.The analysis of Stellantis's share price on a weekly basis highlights its bullish trend line, as it outperforms the benchmark. Thus the share is showing a greater performance than the FTSE MIB.
Although the medium-term outlook for Stellantis remains negative, we find an increasing upward movement in the short term, with the most immediate resistance at 13.04. Support is at 12.53. The technicals favour a new upswing to the 13.55 area.
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) 10-24-2024 12:30 PM