Stellantis Seeks to Convince Investors with US Recovery and China Deals

Although the stock fell 5.7% in the last session and its RSI of 36.5 is approaching oversold territory, the MACD remains below the signal line and the stock is trading below its short- and medium-term moving averages. News headlines indicate the company is trying to reassure investors with a recovery in the US and deals in China, which could be viewed as a positive development. However, given that technical indicators point to weak momentum, a near-term upward move should not be expected immediately. A consolidation period of several days is likely as the market prices in the news and awaits technical recovery signals.

GOOGL shares fell more than 3% in the last closing session, dropping to 387.70. Although the RSI at 37.7 is approaching oversold territory, it has not yet signaled a recovery. The MACD line remains below the signal line and in negative territory, confirming weak momentum. Trading below the 20-day and 50-day moving averages (395.42 and 395.16, respectively) further dampens the short-term outlook. While the news headline relates to Stellantis, there is no direct impact on GOOGL, with technical weakness taking precedence.