Milan: downside move for Iveco
(Teleborsa) - The Italian multinational transport vehicle manufacturing company is in the red with a -2.71% loss.Iveco's weekly trend is more sluggish than the benchmark's movements, showing a downswing performance in comparison to the related FTSE MIB index.
Iveco's medium-term scenario corroborates its negative trend. However, an analysis of the short-term chart gives a first indication that the bears are on the way out, with the share price rising towards first resistance in the 9.45 area. Support is at 9.16. Further positive moves would support the case for a new high in the 9.74 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) 02-09-2024 09:35