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UnknownUnicorn13101
Sep 16, 2023 7:49 PM

STM weekly  

STMicroelectronics N.V.NYSE

Description

STM

Has been adhering wildly well inside the regression channels. I would put an entry around 40.12 or 38% retrace and set a target around D or 52, for a return of 29.6%. 38% retrace is at the top of the red cloud, and at a volume base. This target entry may not be reached, should we see a bounce off the 52 week EMA. However, I see considerable weakness in semiconductors in near future, so it may happen.

45.7 % upside potential (Finbox models).
29.9 % return on Invested Capital
8 Piotroski Score
21% sloan ratio (this is not good, it means future revenue streams are loaded in accruals)
Excellent margins
ROE 38.42%
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