Milan: Juventus moves up
(Teleborsa) - Positive results for the professional Italian football club as it rises +2.12%.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 +4.13%, versus a +0.89% gain in the index).
Although the medium-term outlook for Juventus remains negative, we find an increasing upward movement in the short term, with the most immediate resistance at 3.127. Support is at 3.033. The technicals favour a new upswing to the 3.222 area.
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) 01-02-2025 12:30 PM