Milan: positive day for El.En
(Teleborsa) - A lively session for the leading global players in the laser world providing industrial and medical laser solutions, which makes a big leap forward gaining +1.95%.The analysis of El.En's share price on a weekly basis highlights its bullish trend line, as it outperforms the benchmark. Thus the share is showing a greater performance than the FTSE Italia Mid Cap.
Although the medium-term outlook for El.En remains negative, we find an increasing upward movement in the short term, with the most immediate resistance at 9.75. Support is at 9.53. The technicals favour a new upswing to the 9.97 area.
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) 07-05-2024 12:30 PM