Milan: strong day for Digital Value
(Teleborsa) - Positive results for the information technology services and solutions company as it rises +3.78%.Comparing the share price trend with the FTSE Italia Mid Cap on a weekly basis, we see Digital Value maintaining relative strength over the index, as it exploits a greater performance than the index (weekly share performance of +15.41%, versus a +1.69% gain in the index).
Digital Value's medium-term technicals remain negative. The short term, however, shows increasing bullish strength as the security tests first resistance in the 13.45 area, while support is estimated at 12.81. The technicals favour a new upswing with a likely target of 14.09.
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) 11-14-2024 09:35 AM