Milan: negative performance for Moltiply Group
(Teleborsa) - The Online retail credit mortgage broker is -2.06% down on previous levels after a steady fall.Comparing the share price trend with the FTSE Italia Mid Cap on a weekly basis, we see Moltiply Group maintaining relative strength over the index, as it exploits a greater performance than the index (weekly share performance of +2.7%, versus a +0.79% gain in the index).
The technical status of Moltiply Group shows that the security's performance is increasing in the short term, with the first resistance area identified at the 38.43 Euros level. There is the risk of a possible correction towards the target of 37.78. Yet, we expect a rise of the bullish trend line towards the resistance area at 39.08.
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) 11-29-2024 12:30 PM