Milan: MPS Bank on the rise
(Teleborsa) - Monte Paschi puts in a decidedly bullish performance, gaining +2.36%.Comparing the share price trend with the FTSE MIB on a weekly basis, we see bank of Siena maintaining relative strength over the index, as it exploits a greater performance than the index (weekly share performance of +7.73%, versus a -2.31% gain in the index).
The technical picture for Banca Monte Paschi is bullish in the short term, with resistance seen at 5.601 Euros, while the first support level is estimated at 5.491. The technicals point towards further upside, with resistance seen at the 5.711 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) 11-13-2024 09:35 AM