Milan: Bper shines
(Teleborsa) - A positive session for Bper as it progresses +3.68%Comparing the share price trend with the FTSE MIB on a weekly basis, we see Bper maintaining relative strength over the index, as it exploits a greater performance than the index (weekly share performance of +2.76%, versus a +1.82% gain in the index).
The medium-term technicals on Bper remain upbeat. In contrast to the stock's current performance, short-term indicators show its momentum decelerating. At this point, it should come as no surprise, if the growth phase slows as it approaches 5.162. The most immediate support is at 4.994. Expect an adjustment phase to correct medium-term excesses, with a target price of 4.89 to be reached in the near future.
These analyses are to be considered solely for information purposes and are not in any way intended to constitute financial advice, a solicitation of funds from the public or the promotion of any form of investment.
(Teleborsa Research Department)
(Teleborsa) 26-09-2024 12:30