Milan: fine gains for MFE A
(Teleborsa) - A great day for the broadcasting television mass media company, which posts a rise of +12.81%.On a weekly basis, the stock is trending higher than the FTSE Italia Mid Cap. The performance of MediaForEurope, in fact, has been higher than the related benchmark index.
The technical assumptions for MFE A's medium-term performance are still downbeat. Yet, positive signs do emerge from the short-term view, with the fastest indicators showing a decrease in downward momentum. At this point, a slowing of the downturn is possible as prices approach 2.962. The most immediate resistance is estimated at 3.302. Expect an intermediate corrective phase which brings prices back into line, with a target of 3.642 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) 19-09-2024 12:30