What's Going On With Stellantis Stock Friday?

Stellantis N.V. (NYSE:STLA) stock fell about 4% Friday as automakers came under pressure and broader market sentiment remained weak. The S&P 500 fell 0.42%, while the Nasdaq edged up 0.04%. The Consumer Discretionary sector declined 0.37%.

According to Benzinga Pro, auto stocks traded lower as investors weighed reports that the Alliance for Automotive Innovation requested President Donald Trump to block Chinese automakers from building vehicles in the U.S.

Trump said last week that he may allow Chinese companies to manufacture vehicles in the country.

U.S. automakers, suppliers and dealers are urging Trump to keep Chinese vehicles out of the country, Bloomberg reported Friday. The industry cited national security risks and competitive concerns as Trump prepares to meet Chinese President Xi Jinping in Washington.

In a Sept. 17 letter seen by Bloomberg, a coalition led by the Alliance for Automotive Innovation warned that allowing Chinese automakers to establish U.S. factories could give them a foothold in the domestic market at the expense of existing manufacturers.

The group represents automakers including Ford Motor Co., General Motors Co., Toyota Motor Corp. and Volkswagen AG.

Broader market weakness added pressure Friday. Ten of the 11 S&P 500 sectors traded lower, while the advance-decline ratio was near 0.1.

Technical Analysis

Stellantis remains below all four major moving averages. The stock trades 8.1% below its 20-day simple moving average of $5.27 and 11.6% below its 50-day SMA of $5.48.

It is also 22% below its 100-day SMA of $6.21 and 36.2% below its 200-day SMA of $7.59.

Momentum remains weak. The MACD is below its signal line, while the histogram is negative. That indicates fading buying momentum.

The stock also remains under pressure following a death cross in February, when the 50-day SMA moved below the 200-day SMA.

Key resistance sits near $5.27, the 20-day SMA. Support is around $4.88, near the stock’s 52-week low.

Analyst Outlook

The stock carries a Hold consensus rating with an average price forecast of $6.

UBS downgraded Stellantis to Neutral on Aug. 3. TD Cowen maintained a Hold rating and lowered its price forecast to $6 on July 13. JPMorgan downgraded the stock to Neutral on July 9.

Price Action

STLA Stock Price Activity: Stellantis shares were down 4.16% at $4.84 at the time of publication Friday, according to Benzinga Pro data.

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