Milan: GVS on the rise
(Teleborsa) - The Manufacturer of filter solutions for healthcare, energy and mobility sectors achieves a significant increase, gaining +2.19% on previous levels.Comparing the share price trend with the FTSE Italia Mid Cap on a weekly basis, we see GVS maintaining relative strength over the index, as it exploits a greater performance than the index (weekly share performance of +2.56%, versus a +1% gain in the index).
The technical scenario for GVS shows a continuation of the downtrend to test support at 5.477 Euros, with a resistance area at 5.727. The bearish pattern suggests that new lows will probably be tested in the 5.353 area.
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) 05-06-2024 12:30 PM