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STM Stock Tickeron detected bullish Stock Pattern: Broadening Wedge Descending STM on June 05, 2024, netting in a 9.18% gain over 1 month

A.I.dvisor
at Tickeron.com
06/06/24
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+9.18% Gain from a Successful pattern Broadening Wedge Descending
STM - STMicroelectronics NV
Ticker: STM
Company: STMicroelectronics
Gain: +9.18%
Confirmed: 06/05/24
Succeeded: 06/05/24
Total length: 51 days
On April 15, 2024, A.I.dvisor detected a Broadening Wedge Descending Pattern (Bullish) for STMicroelectronics NV (STM, $40.64). On June 05, 2024, A.I.dvisor confirmed the Bullish pattern, setting a target price of $43.96. On June 05, 2024, STM reached the target price resulting in a for traders who took a long position in the stock.

STM's RSI Oscillator ascending out of oversold territory

The RSI Oscillator for STM moved out of oversold territory on August 13, 2024. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 29 similar instances when the indicator left oversold territory. In of the 29 cases the stock moved higher. This puts the odds of a move higher at .

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a broad range of semiconductor integrated circuits and discrete devices

Industry Semiconductors

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