Milan: downside move for Carel Industries
(Teleborsa) - The Manufacturer of air conditioning and refrigeration control systems is -2.13% down on previous levels after a steady fall.Looking at the weekly scenario, Carel Industries lagged the benchmark index's gains, showing a lower performance than the FTSE Italia Mid Cap average.
The medium-term view confirms that Carel Industries is in an uptrend. However, on examining the short-term chart we see a slowdown in performance as the stock tests the 17.88 resistance, with the most immediate support identified at 17.18. In the near term, a downward move towards the 16.92 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) 07-15-2024 12:30 PM