Milan: MPS Bank sinks like a stone
(Teleborsa) - A day to forget for Monte Paschi as it records a strong decline of -4.39% on previous levels.The technical scenario for bank of Siena in the last week shows the security lagging behind the FTSE MIB. As compared to the related index, the security has shown a lower performance.
Although the medium-term structure still looks good, the short-term view shows signs of a contraction, as the security is held in check by resistance identified at the 5.139 level. Support at 4.843 is holding strong. Overall, the situation could warrant a continuation of the consolidation phase towards the 4.727 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) 03-09-2024 12:30