Milan: Webuild well in the green
(Teleborsa) - The Global player in large, complex infrastructure projects is doing well with an increase of of 2.78%.Analysing the security's performance against the FTSE Italia Mid Cap index on a weekly basis, we discover that the security is perfectly in line with the benchmark in terms of relative strength.
The medium-term analysis confirms Webuild's positive trend, while the short-term chart shows the beginning of a decline as the stock tests resistance at 2.174. First support is seen at 2.106. Technically, we expect a downward development towards the low of 2.064 in the near term.
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) 07-10-2024 12:30 PM