Milan: strong day for Banca Popolare Sondrio
(Teleborsa) - Banca Popolare Sondrio increases its performance, climbing +2.41%.Comparing the share price trend with the FTSE MIB on a weekly basis, we see Banca Popolare Sondrio maintaining relative strength over the index, as it exploits a greater performance than the index (weekly share performance of +10.06%, versus a +2.93% gain in the index).
There are signals for gains in the short-term with the most immediate resistance seen at 7.96 Euros and support of the current trading range at 7.75. Banca Popolare Sondrio's steady uptrend is supported by the crossing of the 5-day moving average above the 34-day moving average. Based on the technicals, we can expect to see the bulls headed for the 8.17 level.
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) 12-04-2024 12:30 PM