Milan: Pirelli & C on the rise
(Teleborsa) - Positive results for Pirelli & C as it rises +1.9%.Comparing the share price trend with the FTSE MIB on a weekly basis, we see Pirelli & C maintaining relative strength over the index, as it exploits a greater performance than the index (weekly share performance of +1.98%, versus a -2.35% gain in the index).
The technical picture for Pirelli & C suggests that the bearish trend is to continue towards a test of the 5.695 Euros floor, while the 5.831 area represents the current price ceiling. The outlook is for an extension of the downtrend to test new lows identified at the 5.609 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) 07-25-2024 12:30 PM