Milan: gains for Moltiply Group
(Teleborsa) - The Online retail credit mortgage broker puts in a decidedly bullish performance, gaining +2.76%.Comparing the share price trend with the FTSE Italia Mid Cap on a weekly basis, we see Moltiply Group maintaining relative strength over the index, as it exploits a greater performance than the index (weekly share performance of +12.22%, versus a +0.78% gain in the index).
According to the short-term technicals, Moltiply Group will continue its positive development to test the resistance area of 37.6 Euros. There is the possibility of a decline to the 36.5 low. Overall, we expect the stock to breakout and test new resistance at 38.7.
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) 11-20-2024 12:30 PM