Milan: Stmicroelectronics shines
(Teleborsa) - Effervescent Stmicroelectronics records a decidedly positive performance of +5.07%.The weekly view shows the share's trend line moving parallel to the FTSE MIB benchmark index, which confirms that Stmicroelectronics's movements are determined by its reference market rather than by any events linked to the share itself.
Stmicroelectronics's medium-term technicals confirm its negative trend line. Yet, in the short-term view the downturn looks less marked, and we could see a reversal towards the 39.43 resistance level. On bullish cues the stock could reach the target high of 39.95, while first support is seen at 38.92.
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) 04-24-2024 09:35 AM