Milan: positive day for Sanlorenzo
(Teleborsa) - The Luxury yacht builder is doing well with an increase of of 2.55%.The weekly view shows the share's trend line moving parallel to the FTSE Italia Mid Cap benchmark index, which confirms that Sanlorenzo's movements are determined by its reference market rather than by any events linked to the share itself.
New technical evidence points to a decline of Sanlorenzo's stock price, which could hit the most immediate support seen at the 37.7 Euros level. However, a sudden rebound would undermine the above scenario by triggering a bullish rise, with the most immediate resistance of 38.5 as a new target. In the next session we can expect a continuation of the downtrend to the key support level of 37.2.
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)
(Foto: Guillaume Plisson)
(Teleborsa) 07-26-2024 12:30 PM