Milan: positive turn for Digital Value
(Teleborsa) - Impressive gains for the information technology services and solutions company as it records a sharp rise of +5.19% over previous levels.On a weekly basis, the stock is trending higher than the FTSE Italia Mid Cap. The performance of Digital Value, in fact, has been higher than the related benchmark index.
Digital Value's medium-term situation remains bearish. However, looking at the short-term chart it would be fair to dismiss the possibility that the downtrend will continue for long. An upswing is thus expected, with first resistance at 13.99. Support is at the 13.39 level. Further bullish cues would suggest a new target price in the 14.59 region.
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) 11-18-2024 09:35 AM