STMicroelectronics Shares at €47.78: Up 96% in Three Months, RSI Turns Red

Price Clings to Upper Bollinger Band, RSI at 85

STMicroelectronics is trading at 97% of the width of the Bollinger Bands, making immediate contact with the upper limit at €48.45. The RSI at 85 is well above the classic overbought zone set at 70. The price is significantly deviating from its MM50 at €32.14 and its MM200 at €25.37, indicating an acceleration that diverges from the medium-term regime. The technical resistance identified at €47.01, which was Monday's closing, has been surpassed during the session. The nearly 13% rise in a week extends the movement initiated after the first quarter results published on April 23. The technical setup remains tense in the very short term.

Q1 2026 Marked by Strong Growth but Eroded Profitability

The stock movement follows the quarterly figures released on April 23. The company reported a 23% year-on-year increase in revenue, supported by the integration of NXP's MEMS sensor activity, but diluted earnings per share fell to $0.04 from $0.06 a year earlier. During the Q1 2026 release, the company noted that its outlook for the second quarter does not include the impact of potential global tariff changes. Among the risks mentioned is also the reduction of expenses related to unused capacities. Among European comparables, ASML Holding is up 3.15% and ASM International advances 1.91% during the session. In the United States, Micron Technology jumps 6.31% while Advanced Micro Devices falls by 5.27%. The next financial calendar event is the publication of the second quarter 2026 results, scheduled for July 23.