Milan: Juventus in the red
(Teleborsa) - The Professional Italian football club is in negative territory as it trades with a -3.45% loss.Comparing the share price trend with the FTSE Italia Mid Cap on a weekly basis, we see Juventus maintaining relative strength over the index, as it exploits a greater performance than the index (weekly share performance of +3.51%, versus a +1.12% gain in the index).
The short-term technical picture for Juventus shows an acceleration of the uptrend towards a target of 2.53 Euros. A possible decline to 2.444 would represent a temporary correction and would not compromise the strength of the current trend. Expect an extension of the bullish trend line towards the 2.615 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) 16-09-2024 09:35