Milan: MPS Bank moves up
(Teleborsa) - Monte Paschi puts in a decidedly bullish performance, gaining +3.1%.The weekly analysis of the security and the FTSE MIB shows bank of Siena losing relative strength against the index.
The medium-term picture confirms that Banca Monte Paschi is in a positive phase. In the short-term chart the bullish tendency is less pronounced as prices test the high of 6.066. First support is at 5.822. The technicals favour a bearish development towards the imminent low of 5.664 in the near term.
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) 11-26-2024 12:30 PM