(News Bulletin 247) – Based on a graphic argument, News Bulletin 247 analysts have selected STELLANTIS for active investors.
KEY GRAPHIC ELEMENTS
The car manufacturer’s stock is suffering, below a powerfully bearish 50-day moving average (in orange), and there is absolutely no question of questioning this bias. Nevertheless, occasional buying entry points exist, as many opportunities for technical rebounds. While the RSI (relative strength) oscillator is preparing to leave its oversold zone, the realization of such a short-term scenario is imminent.
FORECAST
Considering the key chart factors we have mentioned, our view is bullish on STELLANTIS stock in the short term.
Active investors will take a long position on the STELLANTIS share price at €14,466 with a target of €16,740 in sight. They will protect their capital by placing a stop at €13,640.
The News Bulletin 247 council
DAILY DATA CHART
I have over 8 years of experience working in the news industry. I have worked as a reporter, editor, and now managing editor at 247 News Agency. I am responsible for the day-to-day operations of the news website and overseeing all of the content that is published. I also write a column for the website, covering mostly market news.
