Milan: gains for Alerion Clean Power
(Teleborsa) - The Leading Italian player of renewable energy puts in a decidedly bullish performance, gaining +2.05%.Comparing the share price trend with the FTSE Italia Mid Cap on a weekly basis, we see Alerion Clean Power maintaining relative strength over the index, as it exploits a greater performance than the index (weekly share performance of +0.76%, versus a -1.67% gain in the index).
Technically, the medium-term trend is down, but with the 15.68 support level holding firm we have some positive signs for the near term. The bullish cue signals a trend reversal to the upside, with prices potentially reaching the important resistance area at 16.08. The most likely scenario is for a bullish recovery with resistance at 16.48.
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: Zbynek Burival on Unsplash)
(Teleborsa) 10-28-2024 12:30 PM