Milan: downbeat day for Leonardo

(Teleborsa) - The Italian Holding operating in the aeronautics sector slides steadily, trading -2.57% down on previous levels.

Looking at the weekly scenario, Leonardo lagged the benchmark index's gains, showing a lower performance than the FTSE MIB average.

There are signals for gains in the short-term with the most immediate resistance seen at 22.82 Euros and support of the current trading range at 22.13. the Italian contractor in the defense sector's steady uptrend is supported by the crossing of the 5-day moving average above the 34-day moving average. Based on the technicals, we can expect to see the bulls headed for the 23.51 level.

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) 02-09-2024 12:30