Milan stock exchange: Carel Industries licks its wounds
(Teleborsa) - A day to forget for the manufacturer of air conditioning and refrigeration control systems as it records a strong decline of -5.01% on previous levels.The weekly analysis of the security and the FTSE Italia Mid Cap shows Carel Industries losing relative strength against the index.
According to the short-term technicals, Carel Industries will continue its positive development to test the resistance area of 20.68 Euros. There is the possibility of a decline to the 19.49 low. Overall, we expect the stock to breakout and test new resistance at 21.87.
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) 10-03-2025 12:30
