Milan: negative performance for OVS
(Teleborsa) - OVS is bearish as it trades -2.29% down.A comparison of the security and the FTSE Italia Mid Cap index on a weekly basis shows the greater relative strength of OVS, confirming a better performance for the security in comparison to the related index.
Although the medium-term structure still looks good, the short-term view shows signs of a contraction, as the security is held in check by resistance identified at the 3.443 level. Support at 3.403 is holding strong. Overall, the situation could warrant a continuation of the consolidation phase towards the 3.389 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) 12-20-2024 09:35 AM