Milan: widespread selling for Ferretti

(Teleborsa) - A day to forget for the manufacturer of luxury yachts as it records a strong decline of -3.84% on previous levels.

The weekly analysis of the security and the FTSE Italia Mid Cap shows Ferretti losing relative strength against the index.

Technically, Ferretti is in a strong uptrend with resistance in the 2.805 Euros area, while the most immediate support is listed at 2.725. The trading outlook is positive, with the bulls likely to target the 2.885 level.

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) 02-09-2024 09:35