Milan: Azimut well in the green
(Teleborsa) - Azimut achieves a significant increase, gaining +2.07% on previous levels.The weekly view shows the share's trend line moving parallel to the FTSE MIB benchmark index, which confirms that Azimut's movements are determined by its reference market rather than by any events linked to the share itself.
The technical status of Azimut shows that the security's performance is increasing in the short term, with the first resistance area identified at the 23.83 Euros level. There is the risk of a possible correction towards the target of 23.31. Yet, we expect a rise of the bullish trend line towards the resistance area at 24.35.
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)
(Teleborsa) 10-17-2024 12:30 PM