Milan: downbeat day for Tenaris
(Teleborsa) - A negative day for Tenaris as it sheds -2.54%.In the last week Tenaris underperformed the FTSE MIB index, therefore showing a lower performance than the benchmark.
The medium-term analysis confirms Tenaris's positive trend, while the short-term chart shows the beginning of a decline as the stock tests resistance at 17.87. First support is seen at 17.24. Technically, we expect a downward development towards the low of 16.99 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) 04-18-2024 12:30 PM