Milan: major selling for MutuiOnline
(Teleborsa) - The Online retail credit mortgage broker is in negative territory as it trades with a -2.26% loss.Comparing the share price trend with the FTSE Italia Mid Cap on a weekly basis, we see MutuiOnline maintaining relative strength over the index, as it exploits a greater performance than the index (weekly share performance of +1.32%, versus a -0.63% gain in the index).
MutuiOnline's medium-term technicals confirm its negative trend line. Yet, in the short-term view the downturn looks less marked, and we could see a reversal towards the 35.33 resistance level. On bullish cues the stock could reach the target high of 36.53, while first support is seen at 34.13.
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)
(Foto: © Nupean Pruprong / 123RF)
(Teleborsa) 06-19-2024 12:30 PM