Milan: Mediobanca on the rise

(Teleborsa) - Marked growth for Mediobanca as it records a +3.34% improvement on previous levels.

Comparing the share price trend with the FTSE MIB on a weekly basis, we see Mediobanca maintaining relative strength over the index, as it exploits a greater performance than the index (weekly share performance of +4.71%, versus a +4% gain in the index).

Mediobanca's medium-term situation remains bearish. However, looking at the short-term chart it would be fair to dismiss the possibility that the downtrend will continue for long. An upswing is thus expected, with first resistance at 14.67. Support is at the 14.37 level. Further bullish cues would suggest a new target price in the 14.97 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) 08-16-2024 12:30 PM