Milan: Saipem on the rise
(Teleborsa) - The Italian oil and gas industry contractor puts in a decidedly bullish performance, gaining +2.34%.The technical scenario for Saipem in the last week shows the security lagging behind the FTSE MIB. As compared to the related index, the security has shown a lower performance.
The technical picture is visibly deteriorating, with support in the 1.812 Euros area. On the upside, the main exit level is seen at 1.856. Saipem'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 1.785.
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) 11-09-2024 09:35