Market analysis of DANIELI & CThis analysis based on the breakout of the trending range.
Once the Market break this triangle, We can make a profit at 18.52
3.79USD
254.74 MUSD
4.09 BUSD
About DANIELI & C
Sector
Industry
Headquarters
Buttrio
Website
Employees (FY)
9.73 K
Founded
1914
FIGI
BBG000BVQZ84
Danieli & C. Officine Meccaniche SpA engages in the production and installation of innovative machinery and plant worldwide for the iron and steel industry and for the non-ferrous metals sector. It operates through the following business segments: Steel Making and Plant Making. The Steel Making segment comprises the production and sale of special steels. The Plant Making segment concerns the production and sale of plant for the iron and steel industry. The company was founded by Mario Danieli and Timo Danieli in 1914 and is headquartered in Buttrio, Italy.
DANIELI & C OFFICINE MECCANICHE S.P.A. (DAN) Still BullishAs mentioned in the previous chart of DAN before, the share price was about to hike to €23.50. We have not reached that price yet, however it seems the share price is in a hurry to see that price. No LONG trading strategies are advised at this point as ratio risk-reward is negative. Besides, Danieli
DANIELI & C OFFICINE MECCANICHE S.P.A. (DAN) DAN has been drawing a corrective pattern for 5 months. It seems the price is ready to attack previous highs (€23,50).
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