STM on WatchLooking to buy a breakout and retest above $30.50
Why:
$30.48 previously acted as resistance
Stock gapped down today but recovered with strength
Strong close
SSSTMicroelectronics N.V.
31.77USDR
−1.64−4.91%
Last update at Jul 23, 23:54 GMT
27.38USD
−4.39−13.82%
No tradesPre-marketLast update at 12:14 GMT
STM trade ideas
STM is looking at a strong bullish rebound to the upsideNYSE:STM has rebounded strongly and recent cup and handle formation has complete its 1st stage of confirmation, left only the breaking of its key resistance at 27.41.
The stock has also broken above the intermediate downtrend line which started since June 2024.
Bullish momentum from long to short-term is in tandem and as such, we are eyeing a target of 38.96 and 45.00.
STM - could this be the bottom ?I have been watching STM for a while and looking for a possible bottom.
The best I could come up with is the channel shown above.
Weekly MACD and RSI could support this:
The current outlook for STM in 2025 isn't great, but they are one of the key players in the semiconductor sector and will recover in my opinion.
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 at the 30.01-29.99 level, but we see the price closing below this level, raising the question of whether we might witness a new bottom soon.
📊 Supply and Demand Zones:
The supply zone between 38.37 and 43.33 is a place where the stock may encounter strong resistance if we see a move back upwards.
The demand zone between 29.99 and 30.01 is the last line of defense for the bulls, and if it breaks, we might see further declines.
🔍 Price Gap: There is a gap above 50, which signifies a sharp price movement. This gap could serve as a target for future upward movement, but currently, we are far from it.
⚠️ Breaking Point: We are at a critical point where the price is at the bottom of a strong support level. Will the bulls regain control, or will the bears lead to further decline?
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 $30-31 area, but if the market allows buying, the $27-28 area is the ideal buying zone.
STM weekly STM
Has been adhering wildly well inside the regression channels. I would put an entry around 40.12 or 38% retrace and set a target around D or 52, for a return of 29.6%. 38% retrace is at the top of the red cloud, and at a volume base. This target entry may not be reached, should we see a bounce off the 52 week EMA. However, I see considerable weakness in semiconductors in near future, so it may happen.
45.7 % upside potential (Finbox models).
29.9 % return on Invested Capital
8 Piotroski Score
21% sloan ratio (this is not good, it means future revenue streams are loaded in accruals)
Excellent margins
ROE 38.42%
STM: Cup'n Handle, Not confirmed (44.79%)(3/1000)(3/1000)
Bullish Cup'n Handle for STM on the Weekly chart.
Not confirmed.
Pros:
1- PPS above 50MA and 200MA
2- RS above 0
3- R/R ratio above 5
4- 250RSI above 50 and climbing
5- 50MA above 200MA
6- Both 50MA and 200MA ascending
7- Descending volume during formation
Cons:
1- Figure is not confirmed
2- No break out yet
3- ATR flat
If confirmed, target price is 75.58$
Again, stay humble, have fun, make money!
MAAX!
STM - is it about to start a new EW pattern and breakout?EURONEXT:STM
Might be a potential swing here. Currently trading at 4x its ATR and 4x its relative volume in the past 30min. Chart looks promising for bulls IMO. Support is the 200 MA on the daily so stop loss is TIGHT right now but the upside would be 52 if $46 is broken and held. I would look to NVDA and AMD though to see how the market is going to react to the semiconductor industry for context. Also a possible corrective wave C just ended and we are about to begin a new EW pattern.
PRYSMIAN MID/LONG TERM OPPORTUNITY Prysmian is a leading Italian company with headquarters in Milan, specialising in the production of electrical cable for use in the energy and telecom sectors and for optical fibres.
Market that is close to breaking the highs, given the fundamentals and the sector, we can expect a continuation of the medium / long-term uptrend with a target of € 50.
