Milan: bullish cue from A2A
(Teleborsa) - Positive results for the italian multi-utility company as it rises +2.76%.A comparison of the security and the FTSE MIB index on a weekly basis shows the greater relative strength of A2A, confirming a better performance for the security in comparison to the related index.
The medium-term technicals on the gas and electricity distributor remain upbeat. In contrast to the stock's current performance, short-term indicators show its momentum decelerating. At this point, it should come as no surprise, if the growth phase slows as it approaches 1.857. The most immediate support is at 1.81. Expect an adjustment phase to correct medium-term excesses, with a target price of 1.78 to be reached in the near future.
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) 04-29-2024 09:35 AM