Milan: downside move for Iveco
(Teleborsa) - The Italian multinational transport vehicle manufacturing company is -1.91% down on previous levels after a steady fall.A comparison of the security and the FTSE MIB index on a weekly basis shows the greater relative strength of Iveco, confirming a better performance for the security in comparison to the related index.
Short-term analysis of Iveco confirms that the security's bullish phase is to continue, with immediate resistance seen at 11.45 Euros and the first support identified at 11.16. Technically, we can expect further upward movement towards new highs in the 11.74 region.
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) 07-16-2024 12:30 PM