Milan: positive turn for Recordati
(Teleborsa) - Vigorous Recordati soars as high as +5.05% over previous levels.The analysis of Recordati'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 MIB.
New technical evidence points to a decline of Recordati's stock price, which could hit the most immediate support seen at the 50.58 Euros level. However, a sudden rebound would undermine the above scenario by triggering a bullish rise, with the most immediate resistance of 52.73 as a new target. In the next session we can expect a continuation of the downtrend to the key support level of 49.17.
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) 04-10-2024 09:35