Milan: Piovan slips
(Teleborsa) - A bearish session for the developer of automation systems for the plastics and food industries as it posts a -2.03% fall.Piovan's weekly trend is more sluggish than the benchmark's movements, showing a downswing performance in comparison to the related FTSE Italia Mid Cap index.
Short-term analysis of Piovan confirms that the security's bullish phase is to continue, with immediate resistance seen at 12.22 Euros and the first support identified at 11.97. Technically, we can expect further upward movement towards new highs in the 12.47 region.
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)
(Foto: © ximagination / 123RF)
(Teleborsa) 07-09-2024 12:30 PM