STELLANTIS (Milan): Little risk in the medium term – 27/12/2021 at 12:41
SYNTHESIS
The MACD is negative, but it is above its signal line: the trend is changing. Now the MACD needs to cross zero for the rise to continue in the days to come. The RSI is above 50, this confirms a good direction of the title. Stochastic indicators are not giving clear signals for the days to come. The volumes traded are lower than the average volumes over the last 10 days.
MOVEMENTS AND LEVELS
Since the low at 15.14 EUR, the stock is in a phase of technical recovery towards its 50-day moving average located at 16.93 EUR: the behavior of the price on this level will allow to consider the continuation of the movement in the medium term. To reduce the position, we can wait to test short-term resistance at 17.99 EUR and 18.44 EUR. The supports are at 14.87 EUR then at 13.98 EUR.
SYNTHESIS
The MACD is negative and below its signal line. This configuration degrades the outlook on the title. The RSI is not yet indicating oversold so further decline is technically possible. Below 20, the stochastics are extremely low. The volumes traded are lower than the average volumes over the last 10 days.
MOVEMENTS AND LEVELS
The bullish movement seems to be stopped. The stock is below its 50-day moving average located at 965.06 EUR. The first support is at 920.35 EUR, then at 907.72 EUR and resistance is at 983.54 EUR, then at 1008.81 EUR.
Last course : |
16.6 |
Support : |
14.87 / 13.98 |
Resistance : |
17.99 / 18.44 |
Court notice term: |
neutral |
Medium term opinion: |
negative |
STELLANTIS (Milan): Little risk in the medium term