(News Bulletin 247) – A clearly affirmed bullish momentum on the STMICROELECTRONICS share will invite active investors to position themselves for the purchase, within the framework of a swing trading operation.

KEY GRAPHIC ELEMENTS

The graphic analysis in daily data of the STMICROELECTRONICS share allows us to identify a short-term bullish trend, materialized by an oblique straight line, which we have drawn in black on the graph below. The oscillations of the action are organized above this level of support, without notable shortness of breath in the sense of the oscillatory RSI (relative strength index)

FORECAST

Considering the key chart factors we have mentioned, our opinion is bullish on STMICROELECTRONICS stock in the short term.

Active investors will take a position on the purchase of STMICROELECTRONICS shares at a price of €46.85 with a target of €55,000 in sight. They will protect their capital by placing a stop at €44,490.

The News Bulletin 247 board

STMICROELECTRONICS
Positive 46.850 €
Objective :
€55,000
Potential :
+17.40%
Stop:
€44,490
Resistance(s):
50,000 / 55,000
Medium(s):
45,000 / 42,200 / 38,600

CHART IN DAILY DATA

Graphic made from the software Prorealtime

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