Milan: Fincantieri shines
(Teleborsa) - Fincantieri achieves a significant increase, gaining +2.85% on previous levels.Comparing the share price trend with the FTSE Italia Mid Cap on a weekly basis, we see Fincantieri maintaining relative strength over the index, as it exploits a greater performance than the index (weekly share performance of +7.13%, versus a +0.31% gain in the index).
The medium-term view confirms that Fincantieri is in an uptrend. However, on examining the short-term chart we see a slowdown in performance as the stock tests the 5.899 resistance, with the most immediate support identified at 5.617. In the near term, a downward move towards the 5.463 low is on the horizon.
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) 11-15-2024 12:30 PM