Medium term view - STMICRO ELECTRONICS NV : Prices just broke out of the flag.
The trend remains neutral. Prices will have to break above the peak at €21.338 for the trend to be positive again with an invalidation level below €17.200.Arguments :
- The resistance is close.
- The moving average is supporting prices.
- Prices just broke out of the flag.
- A Tom Demark Sell Countdown was recently triggered. Prices should be capped over the coming periods.
STMicroelectronics is a global independent semiconductor company that designs, develops, manufactures and markets a broad range of semiconductor integrated circuits (“ICs”) and discrete devices. Co. offers a diversified product portfolio and develops products for a wide range of market applications, including automotive products, computer peripherals, telecommunications systems, consumer products, industrial automation and control systems. Within its diversified portfolio, Co. is focused on developing products that leverage its technological strengths in creating customized, system-level solutions with digital and mixed-signal content.
DayByDay is an independent research company providing global macro and single stock analysis, recommendation and allocation based purely on behavioural finance methods. Those include long term cycle analysis, sentiment analysis, and technical trigger. DayByDay serves all clients in need of practical and precise publications to make effective market decisions, on any time horizon, from a few hours to a few years.
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