Milan: Ferragamo in the red
(Teleborsa) - The Luxury maison is in negative territory as it trades with a -1.83% loss.The technical scenario for Salvatore Ferragamo 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.
Analysis of the technicals reveals that the italian fashion firm is headed further south to test support at 5.58 Euros. First resistance is at 5.71. Expect the downtrend to extend towards new lows around 5.53.
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) 11-21-2024 09:35 AM