BUYSTM- weekly chart, Support trend line since 2016.
RSI- bullish divergence.
On daily chart- bullish Engulfing candle.
Target- 28%
12.92 BRL
21.03 B BRL
86.34 B BRL
About STMICROELECTRONICS
Sector
Industry
CEO
Jean-Marc Chery
Website
Headquarters
Schiphol
Founded
1987
ISIN
BRSTMNBDR009
FIGI
BBG00Q8J0T62
STMicroelectronics NV is a global semiconductor company, which engages in the business of designing, developing, manufacturing, and marketing products used in a wide variety of applications for automotive, industrial, personal electronics and communications equipment, computers, and peripherals. It operates through the following segments: Automotive and Discrete Group (ADG), Analog, MEMS, and Sensors Group (AMS), Microcontrollers and Digital ICs Group (MDG), and Others. The ADG segment includes dedicated automotive integrated circuits and discrete and power transistor products. The AMS segment offers analog, smart power, MEMS sensors and actuators, and optical sensing solutions. The MDG segment focuses on general-purpose microcontrollers and microprocessors, connected security products, memories, and RF and communications products. The Others segment is involved in sales assembly services and other revenues. The company was founded in June 1987 and is headquartered in Schiphol, The Netherlands.
STM its time to buy ?? 📉 Downtrend Line: The downtrend line (marked in yellow) that started from the highest peaks serves as strong resistance. The stock has failed to break above this line several times, reinforcing it as a critical resistance level for the future.
🟠 Strong Support Level: The stock found stable support
STM is UndervaluedSTM is at an important support level and near the bottom of the uptrend channel I have drawn.
It is priced quite low according to both financial statements and many analysts. As a result, STM offers a good entry point for a long term investment.
Currently, the average buying zone is in the $30-3
STM: Potential BuyCurrently in a descending channel on a daily chart. Looking at a bigger picture we could be getting to good potential buy areas. If you'd like a confirmation look for a breakout of current descending channel. Areas marked to look out for.
STM weekly 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 o
STM: Cup'n Handle, Not confirmed (44.79%)(3/1000)(3/1000)
Bullish Cup'n Handle for STM on the Weekly chart.
Not confirmed.
Pros:
1- PPS above 50MA and 200MA
2- RS above 0
3- R/R ratio above 5
4- 250RSI above 50 and climbing
5- 50MA above 200MA
6- Both 50MA and 200MA ascending
7- Descending volume during formation
Cons:
1- Figure is not confirme
long position on STMPAMy strtegy is based on price action with the reading of certain indicators that I like whilerespecting all the values that define the stock maket
STMicroelectronics Announces Status of Common ShareSTM: STMicroelectronics N.V.
2022-08-29 08:00:00 STMicroelectronics Announces Status of Common Share Repurchase Program
STMicroelectronics Announces Status of Common Share RepurchaseSTM: STMicroelectronics N.V.
2022-07-25 08:00:00 STMicroelectronics Announces Status of Common Share Repurchase Program
STMicroelectronics Announces Status of Common Share RepurchaseSTM: STMicroelectronics N.V.
2022-06-20 08:00:00
STMicroelectronics Announces Status of Common Share Repurchase Program
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