Milan: major selling for Iveco
(Teleborsa) - The Italian multinational transport vehicle manufacturing company is in negative territory as it trades with a -2.35% loss.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 picture for Iveco is bullish in the short term, with resistance seen at 11.82 Euros, while the first support level is estimated at 11.54. The technicals point towards further upside, with resistance seen at the 12.1 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) 07-19-2024 12:30 PM