Milan: Iveco firmly on the rise
(Teleborsa) - The Italian multinational transport vehicle manufacturing company stands out as it trades with a +6.78% increase.Comparing the share price trend with the FTSE MIB on a weekly basis, we see Iveco maintaining relative strength over the index, as it exploits a greater performance than the index (weekly share performance of +7.29%, versus a +2.46% gain in the index).
Although the medium-term outlook for Iveco remains negative, we find an increasing upward movement in the short term, with the most immediate resistance at 12.69. Support is at 12.21. The technicals favour a new upswing to the 13.17 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) 05-10-2024 09:35 AM