Milan: downside move for Zignago Vetro
(Teleborsa) - Zignago Vetro is subdued as it drops -1.99%.
Looking at the weekly scenario, Zignago Vetro lagged the benchmark index's gains, showing a lower performance than the FTSE Italia Mid Cap average.
The medium-term technicals on Zignago Vetro remain upbeat. In contrast to the stock's current performance, short-term indicators show its momentum decelerating. At this point, it should come as no surprise, if the growth phase slows as it approaches 11.99. The most immediate support is at 11.65. Expect an adjustment phase to correct medium-term excesses, with a target price of 11.51 to be reached 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) 07-09-2024 12:30 PM
Looking at the weekly scenario, Zignago Vetro lagged the benchmark index's gains, showing a lower performance than the FTSE Italia Mid Cap average.
The medium-term technicals on Zignago Vetro remain upbeat. In contrast to the stock's current performance, short-term indicators show its momentum decelerating. At this point, it should come as no surprise, if the growth phase slows as it approaches 11.99. The most immediate support is at 11.65. Expect an adjustment phase to correct medium-term excesses, with a target price of 11.51 to be reached 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) 07-09-2024 12:30 PM