Stellantis - Global Auto Maker Buy Signals
Photo by Jason Briscoe on Unsplash
The Chart of the Day belongs to the worldwide auto company Stellantis (STLA). I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum, and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Seeker signaled a buy on 1 /6 the stock gained 19.29%.
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STLA Price vs Daily Moving Averages
Stellantis N.V. engages in the design, engineering, manufacturing, distribution, and sale of automobiles and light commercial vehicles, engines, transmission systems, metallurgical products, mobility services, and production systems worldwide. It provides luxury and premium passenger vehicles; pickup trucks, sport utility vehicles, and commercial vehicles; and parts and services, as well as retail and dealer financing, leasing, and rental services. The company offers its products under the Abarth, Alfa Romeo, Chrysler, Citroën, DS, Dodge, Fiat, Jeep, Maserati, Ram, Opel, Lancia, Vauxhall, Peugeot, Teksid, and Comau brand names. It sells its products directly, as well as through distributors and dealers. The company was founded in 1899 and is based in Hoofddorp, the Netherlands.
Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.
Barchart Technical Indicators:
- 100% technical buy signals
- 39.50+Weighted Alpha
- 33.55% gain in the last year
- Trend Seeker buy signal
- Above its 20, 50, and 100-day moving averages
- 10 new highs and up 13.28% in the last month
- Relative Strength Index 65.59%
- Recently traded at $18.43 with a 50-day moving average of $16.09.
Fundamental Factors:
- Market Cap $58.43 billion
- Wall Street does not give Revenue and Earnings projections for this company
Analysts and Investor Sentiment -- I don't buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it's hard to make money swimming against the tide:
- Wall Street analysts issued 2 strong buy, 2 buy, and 2 hold opinion on the stock
- Their price targets are $18.11 to $20.92
- The individual investors following the stock on Motley Fool voted 20 to 5 for the stock to beat the market with the more experienced investors voting 2 to 2 for the same result
- CFRAs Market Scope gas a 4 Star Buy with a 12-month price target of $22
- 39,800 investors monitor the stock on Seeking Alpha
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Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the ...
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