Milan: negative performance for Stellantis
(Teleborsa) - The International automobile company slides steadily, trading -2.99% down on previous levels.Looking at the weekly scenario, Stellantis lagged the benchmark index's gains, showing a lower performance than the FTSE MIB average.
The technical assumptions for Stellantis's medium-term performance are still downbeat. Yet, positive signs do emerge from the short-term view, with the fastest indicators showing a decrease in downward momentum. At this point, a slowing of the downturn is possible as prices approach 22.34. The most immediate resistance is estimated at 22.88. Expect an intermediate corrective phase which brings prices back into line, with a target of 23.42 in the near future.
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) 04-30-2024 12:30 PM