Milan: Iveco falls
(Teleborsa) - The Italian multinational transport vehicle manufacturing company is in the red with a -1.95% loss.Iveco's weekly trend is more sluggish than the benchmark's movements, showing a downswing performance in comparison to the related FTSE MIB index.
Technically, the medium-term trend is down, but with the 10.47 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 10.74. The most likely scenario is for a bullish recovery with resistance at 11.02.
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) 06-25-2024 12:30 PM