Stmicroelectronics N.v. Stock Forecast
Stmicroelectronics N.v. stock upgraded from Sell Candidate to Hold/Accumulate after Tuesday trading session.
(Updated on Jul 02, 2024)
The Stmicroelectronics N.v. stock price gained 2.33% on the last trading day (Tuesday, 2nd Jul 2024), rising from 36.23€ to 37.07€. During the last trading day the stock fluctuated 2.89% from a day low at 36.03€ to a day high of 37.07€. The price has fallen in 7 of the last 10 days and is down by -7.48% for this period. Volume fell on the last day by -23 thousand shares and in total, 2 million shares were bought and sold for approximately 91.95€ million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at 36.23€ will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Stmicroelectronics N.v. stock with a 90% probability to be traded between 36.24€ and 41.76€ at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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STMMI.MI Signals & Forecast
There are mixed signals in the stock today. The Stmicroelectronics N.v. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at 38.73€. On a fall, the stock will find some support from the short-term average at 36.90€. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Monday, July 01, 2024, and so far it has risen 2.33%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Stmicroelectronics N.v. stock
Stmicroelectronics N.v. finds support from accumulated volume at 36.83€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved 1.04€ between high and low, or 2.89%. For the last week, the stock has had daily average volatility of 2.90%.
Our recommended stop-loss: 34.95€ (-5.72%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 14 days ago.)
Trading Expectations (STMMI.MI) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Stmicroelectronics N.v. to open at 36.72€, and during the day (based on 14 day Average True Range), to move between 35.93€ and 38.21€, which gives a possible trading interval of +/-1.14€ (+/-3.07%) up or down from last closing price. If Stmicroelectronics N.v. takes out the full calculated possible swing range there will be an estimated 6.15% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 36.83€ (0.65%) than the resistance at 38.02€ (2.55%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Stmicroelectronics N.v. stock A Buy?
Stmicroelectronics N.v. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.084 Hold/Accumulate Upgraded
Predicted Opening Price for Stmicroelectronics N.v. of Wednesday, July 3, 2024
Fair opening price July 3, 2024 | Current price |
---|---|
36.72€ ( 0.94%) | 37.07€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for STMMI.MI
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 37.76 | 1.87% |
R2 | 37.37 | 0.799% |
R1 | 37.12 | 0.137% |
Price | 37.07 | |
S1 | 36.33 | -2.01% |
S2 | 36.08 | -2.67% |
S3 | 35.68 | -3.74% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 39.62 | 6.88% |
R2 | 38.33 | 3.40% |
R1 | 38.02 | 2.55% |
Price | 37.07 | |
S1 | 36.83 | -0.647% |
S2 | 36.71 | -0.97% |
S3 | 36.26 | -2.19% |
STMMI Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 24, 2025 | Mar 24, 2025 | Mar 26, 2025 | 0.0843€ | 0.227% |
2 | Dec 16, 2024 | Dec 16, 2024 | Dec 18, 2024 | 0.0843€ | 0.227% |
3 | Sep 23, 2024 | Sep 23, 2024 | Sep 25, 2024 | 0.0843€ | 0.227% |
4 | Jun 24, 2024 | Jun 24, 2024 | Jun 26, 2024 | 0.0831€ | 0.226% |
5 | Mar 18, 2024 | Mar 18, 2024 | Mar 20, 2024 | 0.0551€ | 0.138% |
FAQ
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