Milan: MPS Bank well in the green
(Teleborsa) - Marked growth for Monte Paschi as it records a +2.3% improvement on previous levels.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 +4.89%, versus a +2.51% gain in the index).
Banca Monte Paschi's technical status shows signs of decline with support listed at 4.499 Euros, while on the upside resistance can be identified at 4.576. In the next session we could witness a further downswing with a likely target of 4.452.
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) 06-24-2024 09:35 AM