Milan: Stmicroelectronics on a run
(Teleborsa) - Impressive gains for Stmicroelectronics as it records a sharp rise of +8.36% over previous levels.On a weekly basis, the stock is trending higher than the FTSE MIB. The performance of Stmicroelectronics, in fact, has been higher than the related benchmark index.
The overall technical picture shows Stmicroelectronics contracting, with the possibility of prices approaching the 19.39 Euros floor. Any bullish scenario is currently being thwarted by the 19.97 resistance level. The most likely trading scenario is a bearish one with a potential target of 19.12.
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) 04-24-2025 09:35 AM