Milan: MPS Bank takes off
(Teleborsa) - A top performance from Monte Paschi as it trades +11.24% up.The analysis of bank of Siena's share price on a weekly basis highlights its bullish trend line, as it outperforms the benchmark. Thus the share is showing a greater performance than the FTSE MIB.
According to the short-term technicals, Banca Monte Paschi will continue its positive development to test the resistance area of 6.192 Euros. There is the possibility of a decline to the 6.026 low. Overall, we expect the stock to breakout and test new resistance at 6.358.
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) 11-14-2024 09:35 AM