Milan: positive day for Unicredit
(Teleborsa) - Unicredit puts in a decidedly bullish performance, gaining +2.38%.A comparison of the security and the FTSE MIB index on a weekly basis shows the greater relative strength of Unicredit, confirming a better performance for the security in comparison to the related index.
Although the medium-term outlook for Unicredit remains negative, we find an increasing upward movement in the short term, with the most immediate resistance at 38.11. Support is at 37.06. The technicals favour a new upswing to the 39.15 area.
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) 12-03-2024 12:30 PM