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STMICROELECTRONICSSS

STMICROELECTRONICS

23.065EURD
−0.105−0.45%
At close at May 16, 16:55 GMT
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STMMI trade ideas

STM | ABC Corrective Pattern - Relative weakness to the Semi Conductor Index and the Q's - Downward revision estimates for the next several quarters - No clear plan for margin improvements - StochRSI sell signal on daily - Volume profile bearish - Price below the 50MA and 100MA, is a death cross coming? Keep in mind the chip shortage could be beneficial to STM , allowing for greater price control. However, the Q's might have another leg down as the US10Y yield is coming up on 2% Currently I don't have a position in STM but it has been added to my short list, watching for break of TL or another rejection of the 50MA. Expecting trigger by end of week.
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by 0dteTraders
1
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?
NLong
by The_Real_Hippopotamus
3
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%
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by UnknownUnicorn13101
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.
NLong
by OccamsPhazer