Milan: Rai Way on the rise
(Teleborsa) - Marked growth for the italian owner of the broadcasting infrastructure as it records a +2.12% improvement on previous levels.The analysis of Rai Way'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 Italia Mid Cap.
The technical assumptions for Rai Way's medium-term performance are still downbeat. Yet, positive signs do emerge from the short-term view, with the fastest indicators showing a decrease in downward momentum. At this point, a slowing of the downturn is possible as prices approach 5.237. The most immediate resistance is estimated at 5.327. Expect an intermediate corrective phase which brings prices back into line, with a target of 5.417 in the near future.
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) 12-11-2024 09:35 AM