Milan: El.En lengthens its stride
(Teleborsa) - The Leading global players in the laser world providing industrial and medical laser solutions comes out on top as it trades +5.24% higher.Comparing the share price trend with the FTSE Italia Mid Cap on a weekly basis, we see El.En maintaining relative strength over the index, as it exploits a greater performance than the index (weekly share performance of +1.86%, versus a -1.07% gain in the index).
New technical evidence points to a decline of El.En's stock price, which could hit the most immediate support seen at the 9.43 Euros level. However, a sudden rebound would undermine the above scenario by triggering a bullish rise, with the most immediate resistance of 10.07 as a new target. In the next session we can expect a continuation of the downtrend to the key support level of 9.03.
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)
(Foto: © Nupean Pruprong / 123RF)
(Teleborsa) 12-09-2024 09:35