Milan: downbeat day for Credem

(Teleborsa) - Credem is in negative territory as it trades with a -2.94% loss.

The weekly analysis of the security and the FTSE Italia Mid Cap shows Credem losing relative strength against the index.

There are signals for gains in the short-term with the most immediate resistance seen at 10.85 Euros and support of the current trading range at 10.37. Credem's steady uptrend is supported by the crossing of the 5-day moving average above the 34-day moving average. Based on the technicals, we can expect to see the bulls headed for the 11.33 level.

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) 01-02-2025 12:30 PM