STELLANTIS (STLAM): Opportunity or crisis?
Stellantis CEO Carlos Tavares submitted his resignation to the board of directors chaired by John Elkann, which accepted it. The announcement had come last October that Tavares would lead the carmaker until 2026, helping the company in its search for a new CEO. However, falling profits and the company's collapse on the stock market led the parties to an immediate separation.
The price of Stellantis has fallen by more than 50% over the past year reaching 2022 price levels.
The RSI technical indicator suggests a bullish divergence that could indicate a recovery in the short-medium term.
Volatility is high and is around levels considered to be high volatility, which could suggest a cooling of the price decline and a temporary recovery.
Assuming a bullish scenario in which today's news is read positively by investors, the price could point to two different levels €15 and €20. Instead, negative investor sentiment could drive the price towards the €10 level.
And what do you think about Stellantis? Will you use this drop to accumulate new shares or will you go short?
The price of Stellantis has fallen by more than 50% over the past year reaching 2022 price levels.
The RSI technical indicator suggests a bullish divergence that could indicate a recovery in the short-medium term.
Volatility is high and is around levels considered to be high volatility, which could suggest a cooling of the price decline and a temporary recovery.
Assuming a bullish scenario in which today's news is read positively by investors, the price could point to two different levels €15 and €20. Instead, negative investor sentiment could drive the price towards the €10 level.
And what do you think about Stellantis? Will you use this drop to accumulate new shares or will you go short?
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