Milan: negative performance for El.En
(Teleborsa) - The Leading global players in the laser world providing industrial and medical laser solutions is bearish as it trades -1.89% down.El.En is trending in accord with the FTSE Italia Mid Cap, which makes the security a low alpha asset, that does not yield returns above and beyond its benchmark index.
The technical picture for El.En is bullish in the short term, with resistance seen at 11.09 Euros, while the first support level is estimated at 10.75. The technicals point towards further upside, with resistance seen at the 11.43 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) 10-14-2024 12:30 PM