Milan: bullish cue from Carel Industries
(Teleborsa) - Another bullish cue from the manufacturer of air conditioning and refrigeration control systems as it trades with a good +2.09% gain.The analysis of Carel Industries's share price on a weekly basis highlights its bullish trend line, as it outperforms the benchmark. Thus the share is showing a greater performance than the FTSE Italia Mid Cap.
The technical assumptions for Carel Industries's medium-term performance are still downbeat. Yet, positive signs do emerge from the short-term view, with the fastest indicators showing a decrease in downward momentum. At this point, a slowing of the downturn is possible as prices approach 18.24. The most immediate resistance is estimated at 18.72. Expect an intermediate corrective phase which brings prices back into line, with a target of 19.2 in the near future.
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) 11-25-2024 12:30 PM