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Milan: gains for Finecobank
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On a weekly basis, the stock is trending higher than the FTSE MIB. The performance of Finecobank, in fact, has been higher than the related benchmark index.
The technical assumptions for Finecobank'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 14.31. The most immediate resistance is estimated at 14.76. Expect an intermediate corrective phase which brings prices back into line, with a target of 15.22 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) 07-04-2024 12:30 PM