Milan: Iveco shines
(Teleborsa) - The Italian multinational transport vehicle manufacturing company is doing well with an increase of of 2.74%.Analysing the security's performance against the FTSE MIB index on a weekly basis, we discover that the security is perfectly in line with the benchmark in terms of relative strength.
The medium-term picture confirms that Iveco is in a positive phase. In the short-term chart the bullish tendency is less pronounced as prices test the high of 10.09. First support is at 9.82. The technicals favour a bearish development towards the imminent low of 9.65 in the near term.
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) 12-13-2024 09:35 AM