Milan: major selling for Carel Industries
(Teleborsa) - A negative day for the manufacturer of air conditioning and refrigeration control systems as it sheds -2.13%.A comparison of the security and the FTSE Italia Mid Cap index on a weekly basis shows the greater relative strength of Carel Industries, confirming a better performance for the security in comparison to the related index.
The short-term technical picture for Carel Industries shows an acceleration of the uptrend towards a target of 17.65 Euros. A possible decline to 17.43 would represent a temporary correction and would not compromise the strength of the current trend. Expect an extension of the bullish trend line towards the 17.87 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) 18-09-2024 09:35