Milan: strong day for Stellantis
(Teleborsa) - The International automobile company is doing well with an increase of of 3.49%.A comparison of the security and the FTSE MIB index on a weekly basis shows the greater relative strength of Stellantis, confirming a better performance for the security in comparison to the related index.
According to the short-term technicals, Stellantis will continue its positive development to test the resistance area of 13.12 Euros. There is the possibility of a decline to the 12.74 low. Overall, we expect the stock to breakout and test new resistance at 13.49.
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) 12-06-2024 09:35 AM