Milan: Digital Value slips
(Teleborsa) - The Information technology services and solutions company slides steadily, trading -2.42% down on previous levels.In the last week Digital Value underperformed the FTSE Italia Mid Cap index, therefore showing a lower performance than the benchmark.
The technical picture is visibly deteriorating, with support in the 46.13 Euros area. On the upside, the main exit level is seen at 47.08. Digital Value's decline is highlighted by the 5-day moving average crossing below the 34-day moving average. In the immediate future we are likely to see a further decline towards a target of 45.82.
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) 04-09-2024 12:30