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Milan: positive day for ENI
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Comparing the share price trend with the FTSE MIB on a weekly basis, we see ENI maintaining relative strength over the index, as it exploits a greater performance than the index (weekly share performance of +0.83%, versus a -2.25% gain in the index).
The short-term scenario shows a decline towards the 14.32 Euros area with first resistance seen at 14.53. Expectations are for the Italian oil and energy company to continue its negative run towards support at 14.24.
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) 07-26-2024 09:35 AM