STMicroelectronics N.V. Stock Forecast
Green day on Friday for STMicroelectronics N.V. stock after gaining 1.51%
(Updated on Jun 28, 2024)
The STMicroelectronics N.V. stock price gained 1.51% on the last trading day (Friday, 28th Jun 2024), rising from 36.32€ to 36.87€. During the last trading day the stock fluctuated 2.56% from a day low at 36.28€ to a day high of 37.21€. The price has fallen in 6 of the last 10 days and is down by -6.45% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 258 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately 64.09€ million.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 36.27€ is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -3.00% during the next 3 months and, with a 90% probability hold a price between 35.18€ and 39.90€ at the end of this 3-month period.
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STMPA.PA Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has risen 1.51%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The STMicroelectronics N.V. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 37.35€ and 38.92€. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for STMicroelectronics N.V. stock
STMicroelectronics N.V. finds support from accumulated volume at 36.84€ 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 0.93€ between high and low, or 2.56%. For the last week, the stock has had daily average volatility of 2.25%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (STMPA.PA) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect STMicroelectronics N.V. to open at 36.78€, and during the day (based on 14 day Average True Range), to move between 35.84€ and 37.89€, which gives a possible trading interval of +/-1.03€ (+/-2.79%) up or down from last closing price. If STMicroelectronics N.V. takes out the full calculated possible swing range there will be an estimated 5.58% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 36.84€ (0.07%) than the resistance at 37.86€ (2.69%), 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 negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -1.562 Sell Candidate Unchanged
Predicted Opening Price for STMicroelectronics N.V. of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
36.78€ ( 0.226%) | 36.87€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for STMPA.PA
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 37.71 | 2.30% |
R2 | 37.36 | 1.33% |
R1 | 37.14 | 0.738% |
Price | 36.87 | |
S1 | 36.43 | -1.19% |
S2 | 36.21 | -1.79% |
S3 | 35.85 | -2.75% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 41.22 | 11.81% |
R2 | 38.02 | 3.12% |
R1 | 37.86 | 2.69% |
Price | 36.87 | |
S1 | 36.84 | -0.0678% |
S2 | 36.32 | -1.49% |
S3 | 0 | - |
STMPA Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 24, 2025 | Mar 24, 2025 | Mar 26, 2025 | 0.0843€ | 0.229% |
2 | Dec 16, 2024 | Dec 16, 2024 | Dec 18, 2024 | 0.0843€ | 0.229% |
3 | Sep 23, 2024 | Sep 23, 2024 | Sep 25, 2024 | 0.0843€ | 0.229% |
4 | Jun 24, 2024 | Jun 24, 2024 | Jun 26, 2024 | 0.0831€ | 0.225% |
5 | Mar 18, 2024 | Mar 18, 2024 | Mar 20, 2024 | 0.0551€ | 0.138% |
FAQ
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