Milan: strong day for Saipem
(Teleborsa) - The Italian oil and gas industry contractor increases its performance, climbing +2.61%.Looking at the weekly scenario, Saipem lagged the benchmark index's gains, showing a lower performance than the FTSE MIB average.
New technical evidence points to a decline of Saipem's stock price, which could hit the most immediate support seen at the 1.882 Euros level. However, a sudden rebound would undermine the above scenario by triggering a bullish rise, with the most immediate resistance of 1.955 as a new target. In the next session we can expect a continuation of the downtrend to the key support level of 1.834.
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) 04-09-2024 12:30