Milan: SOL surges to 37.85 Euros
(Teleborsa) - Effervescent the producer of industrial and medical gases records a decidedly positive performance of +4.23%.Comparing the share price trend with the FTSE Italia Mid Cap on a weekly basis, we see SOL maintaining relative strength over the index, as it exploits a greater performance than the index (weekly share performance of +4.23%, versus a +2.76% gain in the index).
SOL's medium-term situation remains bearish. However, looking at the short-term chart it would be fair to dismiss the possibility that the downtrend will continue for long. An upswing is thus expected, with first resistance at 37.85. Support is at the 36.4 level. Further bullish cues would suggest a new target price in the 39.3 region.
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: © Nupean Pruprong / 123RF)
(Teleborsa) 12-10-2024 09:35 AM