STMicroelectronics in red with tech sector

STMicroelectronics in red with tech sector

(Finance) – Negative session for STMicroelectronicswhich changes hands with a drop of 1.07%, reflecting the weakness of the technological sector, after the negative closing of the Nasdaq and the bad quarterly results of ASML and some big USA.

The scenario on a weekly basis of theItalian-French semiconductor company detects a loosening of the curve with respect to the force expressed by FTSEMIB. This retreat could make the title subject to sales by operators.

The medium-term scenario always has a positive connotation, while the short-term structure shows some yielding, read from the relative indicators, due to the opposition of the resistance estimated at 45.98 Euros. Functional control of the short-term situation offered by the supports at 45.48. The possibility of a continuation of the corrective phase towards 45.23 is concrete.

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