Milan: Juventus soars after buying spree

(Teleborsa) - Definitely a good session for the professional Italian football club as it trades +3.86% higher.

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 +24.12%, versus a +2.13% gain in the index).

Short-term analysis of Juventus confirms that the security's bullish phase is to continue, with immediate resistance seen at 3.098 Euros and the first support identified at 2.957. Technically, we can expect further upward movement towards new highs in the 3.238 region.

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) 11-11-2024 09:35 AM