Milan: Piovan up as buyers show interest
(Teleborsa) - The Developer of automation systems for the plastics and food industries stands out as it trades with a +4.1% increase.On a weekly basis, the stock is trending higher than the FTSE Italia Mid Cap. The performance of Piovan, in fact, has been higher than the related benchmark index.
Short-term analysis of Piovan confirms that the security's bullish phase is to continue, with immediate resistance seen at 12.97 Euros and the first support identified at 12.32. Technically, we can expect further upward movement towards new highs in the 13.62 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)
(Teleborsa) 07-15-2024 12:30 PM