Milan: Stellantis trades in negative territory
(Teleborsa) - A negative day for the international automobile company as it sheds -2.92%.For good or for bad, Stellantis's movements during the last week have followed the FTSE MIB's trend. Thus the reference market currently has a greater influence on the share price than any company-specific news.
Stellantis's medium-term technicals remain negative. The short term, however, shows increasing bullish strength as the security tests first resistance in the 24.47 area, while support is estimated at 24.15. The technicals favour a new upswing with a likely target of 24.79.
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) 04-16-2024 09:35 AM