Overall I'm probably bullish on Stellantis given the current trend.
The 15€ level is particularly important since it has already been touched in mid August and acted as a strong resistance rejecting the steep bull-run fueled also by the Q2 results that outperformed analysts' expectations.
If that level is broken with decent volumes there might be some potential in the long run.
I think it's interesting to consider this current trend also with respect to an overall car sale shrink world wide. Stellantis is growing even if sales are down in Europe and in Italy as well, two of the carmaker's main markets.
*** This Content is for educational and informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. ***
The 15€ level is particularly important since it has already been touched in mid August and acted as a strong resistance rejecting the steep bull-run fueled also by the Q2 results that outperformed analysts' expectations.
If that level is broken with decent volumes there might be some potential in the long run.
I think it's interesting to consider this current trend also with respect to an overall car sale shrink world wide. Stellantis is growing even if sales are down in Europe and in Italy as well, two of the carmaker's main markets.
*** This Content is for educational and informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. ***