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Milan: Danieli & C well in the green
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Comparing the share price trend with the FTSE Italia Mid Cap on a weekly basis, we see Danieli & C maintaining relative strength over the index, as it exploits a greater performance than the index (weekly share performance of +2.68%, versus a +1.73% gain in the index).
Although the medium-term outlook for Danieli & C remains negative, we find an increasing upward movement in the short term, with the most immediate resistance at 36.65. Support is at 36.05. The technicals favour a new upswing to the 37.25 area.
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) 07-04-2024 12:30 PM