Milan: downside move for Nexi
(Teleborsa) - A negative day for the leading company in Italy for electronic payments as it sheds -2.38%.Looking at the weekly scenario, Nexi lagged the benchmark index's gains, showing a lower performance than the FTSE MIB average.
The technical picture is visibly deteriorating, with support in the 5.221 Euros area. On the upside, the main exit level is seen at 5.285. Nexi'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 5.197.
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) 12-20-2024 12:30 PM