Milan: positive day for Ferretti
(Teleborsa) - A lively session for the manufacturer of luxury yachts, which makes a big leap forward gaining +1.99%.Ferretti's weekly trend is more sluggish than the benchmark's movements, showing a downswing performance in comparison to the related FTSE Italia Mid Cap index.
New technical evidence points to a decline of Ferretti's stock price, which could hit the most immediate support seen at the 2.775 Euros level. However, a sudden rebound would undermine the above scenario by triggering a bullish rise, with the most immediate resistance of 2.835 as a new target. In the next session we can expect a continuation of the downtrend to the key support level of 2.735.
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) 30-08-2024 09:35