Milan: MPS Bank moves up
(Teleborsa) - Monte Paschi is doing well with an increase of of 2.35%.On a weekly basis, the stock is trending higher than the FTSE MIB. The performance of bank of Siena, in fact, has been higher than the related benchmark index.
The short-term technical picture for Banca Monte Paschi shows an acceleration of the uptrend towards a target of 6.402 Euros. A possible decline to 6.266 would represent a temporary correction and would not compromise the strength of the current trend. Expect an extension of the bullish trend line towards the 6.538 level.
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) 12-04-2024 09:35 AM