Milan: Iveco in turmoil
(Teleborsa) - Heavy losses for the Italian multinational transport vehicle manufacturing company as it loses a -4.96%.In the weekly comparison, Iveco's trend is more pronounced than the FTSE MIB trend line, revealing a greater performance when compared to the index.
The technical status of Iveco shows that the security's performance is increasing in the short term, with the first resistance area identified at the 10.04 Euros level. There is the risk of a possible correction towards the target of 9.49. Yet, we expect a rise of the bullish trend line towards the resistance area at 10.6.
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) 11-08-2024 09:35 AM