Milan: downbeat day for Ariston Holding
(Teleborsa) - The Global specialist in water heating and heating is in negative territory as it trades with a -1.93% loss.The analysis of Ariston Holding's share price on a weekly basis highlights its bullish trend line, as it outperforms the benchmark. Thus the share is showing a greater performance than the FTSE Italia Mid Cap.
Ariston Holding's medium-term situation remains bearish. However, looking at the short-term chart it would be fair to dismiss the possibility that the downtrend will continue for long. An upswing is thus expected, with first resistance at 4.952. Support is at the 4.786 level. Further bullish cues would suggest a new target price in the 5.118 region.
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