Milan: Piovan takes big strides
(Teleborsa) - Effervescent the developer of automation systems for the plastics and food industries records a decidedly positive performance of +11.79%.A comparison of the security and the FTSE Italia Mid Cap index on a weekly basis shows the greater relative strength of Piovan, confirming a better performance for the security in comparison to the related index.
The medium-term analysis confirms Piovan's positive trend, while the short-term chart shows the beginning of a decline as the stock tests resistance at 13.83. First support is seen at 13.68. Technically, we expect a downward development towards the low of 13.62 in the near term.
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