Milan: negative performance for MPS Bank
(Teleborsa) - A bearish session for Monte Paschi as it posts a -2.1% fall.Bank of Siena's weekly trend is more sluggish than the benchmark's movements, showing a downswing performance in comparison to the related FTSE MIB index.
The medium-term technicals still have a bullish cadence, while in the short term the obvious difficulty of breaking above the 5.078 level is dampening the stock's performance. The immediate support level of 4.927 is still intact. The most coherent outlook is for a continued corrective move towards the 4.876 level in the near future.
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) 10-24-2024 12:30 PM