Milan: Carel Industries trades in the red
(Teleborsa) - The Manufacturer of air conditioning and refrigeration control systems loses a lot of ground as it declines -4.59% in a dismal session.In the weekly comparison, Carel Industries's trend is more pronounced than the FTSE Italia Mid Cap trend line, revealing a greater performance when compared to the index.
Technically, the medium-term trend is down, but with the 17.59 support level holding firm we have some positive signs for the near term. The bullish cue signals a trend reversal to the upside, with prices potentially reaching the important resistance area at 18.47. The most likely scenario is for a bullish recovery with resistance at 19.35.
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) 11-19-2024 12:30 PM