Milan: bullish cue from Webuild
(Teleborsa) - Marked growth for the global player in large, complex infrastructure projects as it records a +2.69% improvement on previous levels.The analysis of Webuild'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 medium-term view confirms that Webuild is in an uptrend. However, on examining the short-term chart we see a slowdown in performance as the stock tests the 2.241 resistance, with the most immediate support identified at 2.189. In the near term, a downward move towards the 2.159 low is on the horizon.
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) 07-18-2024 09:35 AM