Milan: negative performance for Brunello Cucinelli
(Teleborsa) - A negative day for Brunello Cucinelli as it sheds -2.35%.Brunello Cucinelli is trending in accord with the FTSE MIB, which makes the security a low alpha asset, that does not yield returns above and beyond its benchmark index.
The medium-term view confirms that Brunello Cucinelli is in an uptrend. However, on examining the short-term chart we see a slowdown in performance as the stock tests the 92.55 resistance, with the most immediate support identified at 90.85. In the near term, a downward move towards the 90.25 low is on the horizon.
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) 07-02-2024 12:30 PM