Milan: Ferrari slips
(Teleborsa) - Ferrari is -2.1% down on previous levels after a steady fall.Ferrari's weekly trend is more sluggish than the benchmark's movements, showing a downswing performance in comparison to the related FTSE MIB index.
The medium-term picture confirms that Ferrari is in a positive phase. In the short-term chart the bullish tendency is less pronounced as prices test the high of 436. First support is at 426. The technicals favour a bearish development towards the imminent low of 422.6 in the near term.
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) 05-09-2024 12:30