Teleborsa News

Milan: Saipem falls

News Image (Teleborsa) - The Italian oil and gas industry contractor is in the red with a -2.29% loss.

In the weekly comparison, Saipem's trend is more pronounced than the FTSE MIB trend line, revealing a greater performance when compared to the index.

The medium-term view confirms that Saipem is in an uptrend. However, on examining the short-term chart we see a slowdown in performance as the stock tests the 2.294 resistance, with the most immediate support identified at 2.238. In the near term, a downward move towards the 2.216 low is on the horizon.

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) 05-24-2024 09:35 AM

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