Stmicroelectronics: as an ascending channel

(BFM Stock Exchange) – Based on a graphic argument, BFM Stock Exchange analysts have selected Stmicroelectronics for active investors.

Key graphics elements

The graphic analysis in daily data of the StMicroelectronics Action makes it possible to identify a short -term upward and medium -term trend. Among the dominant graphic factors, we noted the presence of a bullish channel on the courses of the StMicroelectronics action. We represented this bullish corridor in black on the graph. In terms of trend indicators, the 20 -day mobile average (in dark blue) acts as a support for courses. The exchange volume is increasing, technical data favorable to our anticipation. Gaps of prosecution dot the recent course of the action, as many clues which reinforce the effect the attraction of old gaps, under 30 euros and on both sides of the 35 euros.

FORECAST

In view of the key graphic factors that we have mentioned, our opinion is bullish on the Stmicroelectronics action in the short term.

Active investors will take a position on the purchase on the title Stmicroelectronics in € 27,240 with a target at € 36,500 in sight. They will protect their capital by placing a stop at € 24,490.

Daily data graphics