The Spanish IT company, Amadeus IT, which provides solutions for the global tourism and travel industry, is experiencing a decline of 1.84%. The company’s stock shows a weaker performance compared to the Ibex 35 index in terms of relative strength. Technical analysis suggests bearish implications for Amadeus IT, with negative pressure pushing the stock towards a support level estimated at €58.05. However, there is a possibility of bullish pressure driving the stock price up to €59.51, where an important resistance level is located. Overall, the dominance of bears in the market suggests a negative outlook for the next trading session, with a potential target set at €57.45. It is important to note that these indications are for informational purposes only and do not constitute financial advice or promote any form of investment.
