Milan: negative performance for Ferretti
(Teleborsa) - The Manufacturer of luxury yachts is subdued as it drops -3.55%.In the last week Ferretti underperformed the FTSE Italia Mid Cap index, therefore showing a lower performance than the benchmark.
While the medium-term scenario still looks bearish, the short-term structure shows some promising signs, with support at 2.802 holding strong. The positive movement in the short term indicates a potential reversal of the bearish trend, with the possibility of prices flirting with the key resistance level of 2.937. Thus there is a good chance of the bullish phase continuing towards the 3.072 level.
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)
(Foto: © Kladej Voravongsuk / 123RF)
(Teleborsa) 04-23-2024 09:35 AM