Milan: bullish cue from the Italian Sea Group
(Teleborsa) - The Yachting industry company puts in a decidedly bullish performance, gaining +2%.Comparing the share price trend with the FTSE Italia Mid Cap on a weekly basis, we see the Italian Sea Group maintaining relative strength over the index, as it exploits a greater performance than the index (weekly share performance of +2.96%, versus a +2.09% gain in the index).
The Italian Sea Group's medium-term technicals confirm its negative trend line. Yet, in the short-term view the downturn looks less marked, and we could see a reversal towards the 7.727 resistance level. On bullish cues the stock could reach the target high of 7.907, while first support is seen at 7.547.
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) 12-09-2024 12:30 PM