Milan: Alerion Clean Power suffers substantial losses
(Teleborsa) - A day to forget for the leading Italian player of renewable energy as it records a strong decline of -5.59% on previous levels.Alerion Clean Power's weekly trend is more sluggish than the benchmark's movements, showing a downswing performance in comparison to the related FTSE Italia Mid Cap index.
The technical picture is visibly deteriorating, with support in the 13.95 Euros area. On the upside, the main exit level is seen at 14.65. Alerion Clean Power's decline is highlighted by the 5-day moving average crossing below the 34-day moving average. In the immediate future we are likely to see a further decline towards a target of 13.71.
These analyses are to be considered solely for information purposes and are not in any way intended to constitute financial advice, a solicitation of funds from the public or the promotion of any form of investment.
(Teleborsa Research Department)
(Foto: American Public Power Association on Unsplash)
(Teleborsa) 08-05-2024 09:35 AM