Milan: downbeat day for Cembre
(Teleborsa) - The Manufacturer of electric connectors and installation tools slides steadily, trading -2.77% down on previous levels.Cembre is trending in accord with the FTSE Italia Mid Cap, which makes the security a low alpha asset, that does not yield returns above and beyond its benchmark index.
The medium-term analysis confirms Cembre's positive trend, while the short-term chart shows the beginning of a decline as the stock tests resistance at 41.25. First support is seen at 39.9. Technically, we expect a downward development towards the low of 39.45 in the near term.
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) 11-28-2024 12:30 PM