Milan: MPS Bank trades in negative territory
(Teleborsa) - Monte Paschi slides steadily, trading -2.97% down on previous levels.Looking at the weekly scenario, bank of Siena lagged the benchmark index's gains, showing a lower performance than the FTSE MIB average.
The medium-term analysis confirms Banca Monte Paschi's positive trend, while the short-term chart shows the beginning of a decline as the stock tests resistance at 5.987. First support is seen at 5.705. Technically, we expect a downward development towards the low of 5.593 in the near term.
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) 11-22-2024 12:30 PM