The performance of Fiat Chrysler Automobiles points decisively upwards, with a percentage change of 1,69%, before separating from Ferrari. Indeed, on Monday 4 January, the Prancing Horse stock will land on Piazza Affari after making its debut on Wall Street on 21 October last. The exchange ratio will be one Ferrari share for every ten FCA ordinary shares held.
The comparison of the stock with the FTSE MIB, on a weekly basis, shows the greater relative strength of Fiat Chrysler Automobiles with respect to the index, highlighting the concrete attractiveness of the stock by buyers.
The short-term technical status of Fiat Chrysler Automobiles highlights an expansion of the positive performance of the curve with the first area of resistance identified at 13,26 Euros. Risk of possible correction up to the target of 13,13. Expectations are for an increase in the uptrendline towards the 13,39 resistance area.
