Milan: gains for Tenaris
(Teleborsa) - Tenaris is doing well with an increase of of 2.07%.Tenaris is trending in accord with the FTSE MIB, which makes the security a low alpha asset, that does not yield returns above and beyond its benchmark index.
Although the medium-term outlook for Tenaris remains negative, we find an increasing upward movement in the short term, with the most immediate resistance at 13.15. Support is at 12.96. The technicals favour a new upswing to the 13.34 area.
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) 17-09-2024 09:35