Terna edges higher to €10.02 as TernaSpA outlines Italy energy transmission process

Traders Union
All News
Business & Wealth
Companies
Terna rises 0.45% today to 10.02

Highlights

TRN faces ongoing short- and medium-term seller pressure, trading below key moving averages but supported by a strong long-term trend.
Momentum indicators confirm an oversold condition and weak directional trend, with volatility contained at 4.41%.
Probability of a near-term rebound above €10.07–€10.15 is high, provided support holds and key resistance levels are reclaimed.

According to Terna, these phases include production, transmission on high-voltage lines, distribution via local networks, and delivery. Details are provided in a linked resource.

View post on X Loading...

The tweet was deleted by the author.

But we saved everything 🙂.

Sustained downside pressure as short-term averages cap upside

TRN is trading at €10.02, below the MA-20 (€10.23) and MA-50 (€10.15), but well above the long-term MA-200 (€9.64), indicating short- and medium-term pressure from sellers while the long-term trend remains supportive. The Ichimoku Kijun at €10.19 acts as immediate resistance, while near-term support sits at MA-100 (€10.06) and key support aligns with MA-200 (€9.64); resistance levels cluster at MA-20/MA-50 above, with the Kijun offering additional overhead resistance.

Oversold momentum amid weak trend and weekly seller dominance

Momentum signals are mixed: MACD D1 is neutral and ADX D1 stands at a low 7.95, suggesting weak trend strength. RSI (40.13), Stoch RSI (0.00), and CCI (-217) all indicate oversold conditions, while BBP D1 also favors sellers. Weekly, TRN has fallen €0.35 (3.18%) from last week’s close at €10.37 and now trades at the very bottom of its weekly range, with volatility at 4.41%. The steady decline from the high is not yet confirmed by a strong directional trend, but the weekly tone remains under seller pressure.

High probability of rebound as upside triggers near support

Looking ahead to the coming week, the expected price range is €10.07–€10.15, which remains close to the upper end of the 52-week range (€8.24–€10.41) and reflects subdued volatility. The probability of a near-term price increase is very high (more than 80%) based on buy signals from W1 MACD, MA-50, and RSI, making a decline far less likely. Baseline scenario calls for sideways movement as the price consolidates near key supports; a bullish breakout requires closing above the Kijun and reclaiming the MA-20, while a bearish scenario could see further downside if support at MA-100 fails.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.