Milan: Pirelli & C on the rise
(Teleborsa) - Pirelli & C increases its performance, climbing +2.8%.In terms of weekly performance, the share's trend matches the FTSE MIB benchmark index, which means that the share price is supported by market movement rather than by news relating to the company.
Although the medium-term structure still looks good, the short-term view shows signs of a contraction, as the security is held in check by resistance identified at the 6.357 level. Support at 6.043 is holding strong. Overall, the situation could warrant a continuation of the consolidation phase towards the 5.849 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)
(Teleborsa) 05-10-2024 12:30 PM