Milan: positive day for Prysmian
(Teleborsa) - Another bullish cue from Prysmian as it trades with a good +2.61% gain.Analysing the security's performance against the FTSE MIB index on a weekly basis, we discover that the security is perfectly in line with the benchmark in terms of relative strength.
The technical picture is visibly deteriorating, with support in the 63.03 Euros area. On the upside, the main exit level is seen at 64.19. Prysmian's decline is highlighted by the 5-day moving average crossing below the 34-day moving average. In the immediate future we are likely to see a further decline towards a target of 62.29.
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) 11-11-2024 09:35 AM