Milan: MPS Bank negative
(Teleborsa) - Monte Paschi slides steadily, trading -2.61% down on previous levels.The weekly analysis of the security and the FTSE MIB shows bank of Siena losing relative strength against the index.
New technical evidence points to a decline of Banca Monte Paschi's stock price, which could hit the most immediate support seen at the 4.88 Euros level. However, a sudden rebound would undermine the above scenario by triggering a bullish rise, with the most immediate resistance of 4.988 as a new target. In the next session we can expect a continuation of the downtrend to the key support level of 4.842.
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) 06-09-2024 09:35