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Ferrovial highlighted a new contract win in Tennessee alongside its half-year results in a recap of recent developments. Shares are little changed on the day, trading near €47.69.
Ferrovial has secured a new contract in Tennessee, U.S. The company highlighted its half-year results in a recap of summer activities. Ferrovial operates in engineering and construction, employing 22,359 people with a market value near $36.03 billion.
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RSI at 28.8 is in oversold territory, a stretched reading that limits room for further downside. Shares of Ferrovial remain below the MA-20, MA-50, and MA-200, which maintains a bearish daily structure. The nearest resistance is the weekly high at €48.47, and the price continues to trade underneath it. The chart gives no strong directional bias in the immediate period around the move.
To see whether the recent event is being priced in, traders should watch for a close above the weekly high at €48.47. RSI is currently at 28.8, indicating stretched oversold conditions that limit further immediate downside. The past week has seen a sustained move lower with a firm trend; even so, over the next five trading days, upside probability is less than 20% and downside probability is more than 80%, with an expected trading range of €46.88 to €48.49. A close above €48.47 would show buyers are willing to follow through, while a drop below €46.67 would show the move is being faded. On the weekly chart the longer-term picture stays firmly negative.