Milan: strong day for Amplifon
(Teleborsa) - Amplifon achieves a significant increase, gaining +2.09% on previous levels.Comparing the share price trend with the FTSE MIB on a weekly basis, we see Amplifon maintaining relative strength over the index, as it exploits a greater performance than the index (weekly share performance of +4.71%, versus a +1.29% gain in the index).
Technically, the medium-term trend is down, but with the 24.09 support level holding firm we have some positive signs for the near term. The bullish cue signals a trend reversal to the upside, with prices potentially reaching the important resistance area at 24.6. The most likely scenario is for a bullish recovery with resistance at 25.11.
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) 12-03-2024 09:35 AM