Milan: Iveco negative
(Teleborsa) - The Italian multinational transport vehicle manufacturing company is subdued as it drops -1.85%.A comparison of the security and the FTSE MIB index on a weekly basis shows the greater relative strength of Iveco, confirming a better performance for the security in comparison to the related index.
While there is still plenty of positive sentiment surrounding the medium term, indicators show that short-term performance is down, with the share failing to break the resistance estimated at 9.69. Near-term support at 9.43 remains intact. This corrective phase is likely to continue towards the 9.32 level.
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) 11-14-2024 09:35 AM