Milan: strong day for Unicredit
(Teleborsa) - A lively session for Unicredit, which makes a big leap forward gaining +2.68%.Comparing the share price trend with the FTSE MIB on a weekly basis, we see Unicredit maintaining relative strength over the index, as it exploits a greater performance than the index (weekly share performance of +7.69%, versus a +3.87% gain in the index).
Unicredit's medium-term technicals confirm its negative trend line. Yet, in the short-term view the downturn looks less marked, and we could see a reversal towards the 38.91 resistance level. On bullish cues the stock could reach the target high of 39.86, while first support is seen at 37.95.
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) 12-05-2024 12:30 PM