(Finance) – Appreciable increase for STMicroelectronicsup 2.88% on previous values and positioned itself at the top of the main FTSE MIB basket.
The numbers reeled off by contribute to assisting the title Samsung Electronics which forecasts a more than 15-fold increase in second-quarter operating profit, thanks to a recovery in semiconductor prices driven by the artificial intelligence boom.
In particular, theoperating profit of the period will rise to 10.4 trillion won (7.54 billion U.S. dollars) from 0.67 trillion won in the same period of the previous year and 6.61 trillion won in the first quarter. sales are expected to stand at 74 trillion won, in a range of 73-75 trillion, compared with 60.01 trillion a year ago and 71.92 trillion in the previous quarter.
The analysis of the stock performed on a weekly basis highlights the bullish trendline of theItalian-French semiconductor company more pronounced than the trend of the FTSE MIB. This expresses the greater attractiveness of the stock by the market.
Technically, the medium-term situation is negative, while bullish signals can be seen in the short term, thanks to the holding of the support area identified at 38.59 Euro. The positive short-term cue is indicative of a change in the trend towards a bullish scenario, with the curve that could push towards the important resistance area estimated at 39.49. At an operational level, the most appropriate scenario could be a bullish recovery of the stock, with a resistance area identified at 40.38.