Milan: downside move for Sanlorenzo
(Teleborsa) - The Luxury yacht builder is -2.56% down on previous levels after a steady fall.The technical scenario for Sanlorenzo in the last week shows the security lagging behind the FTSE Italia Mid Cap. As compared to the related index, the security has shown a lower performance.
The technical assumptions for Sanlorenzo's medium-term performance are still downbeat. Yet, positive signs do emerge from the short-term view, with the fastest indicators showing a decrease in downward momentum. At this point, a slowing of the downturn is possible as prices approach 30.13. The most immediate resistance is estimated at 30.93. Expect an intermediate corrective phase which brings prices back into line, with a target of 31.73 in the near future.
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) 12-02-2024 09:35 AM