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Terna has started laying submarine cables for its new Bolano-Annunziata power line between Calabria and Sicily, a project designed to boost electricity exchange capacity between the island and the mainland to 2,000 MW. The stock is up 1% on the day at €9.53.
Terna has begun installation of submarine cables for the new Bolano-Annunziata power connection joining Calabria and Sicily. The project is designed to raise interconnection capacity between the island and the mainland to as much as 2,000 MW. The company stated that the first of three planned submarine cables has already been laid between Bolano and Annunziata.
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Price is sitting right at resistance from the weekly high at €9.54. Shares of Terna are below the MA-200 but above the MA-20 and MA-50, showing a split daily structure that highlights both lingering bearish pressure and recent upside. Stoch RSI is in overbought territory, a stretched reading that limits room for further gains.
To gauge whether the move will be accepted, traders should watch for a close above €9.54. The session opened with a gap up from the previous close of €9.43 to €9.47, underlining sustained demand near the open. Even so, over the next five trading days the probability of further upside stands at 57%, while the chance of a downturn is 43%, with the stock expected to trade between €9.41 and €9.64. A close above the weekly high would confirm buyers are willing to follow through, while a drop below €9.39 would indicate the move is being faded. On the weekly chart the longer-term picture stays mixed.
Previously it was reported that Terna had launched an ESG-linked share buyback program as part of its long-term incentive strategy. The start of submarine cable installation for the Bolano-Annunziata power line adds a significant operational milestone, with traders now watching for confirmation above €9.54 as a catalyst for further upside momentum.