Milan: Tinexta slips
(Teleborsa) - The Company engaged in the software and internet services industry is -3.07% down on previous levels after a steady fall.Comparing the share price trend with the FTSE Italia Mid Cap on a weekly basis, we see Tinexta maintaining relative strength over the index, as it exploits a greater performance than the index (weekly share performance of +7.67%, versus a +0.61% gain in the index).
Although the medium-term outlook for Tinexta remains negative, we find an increasing upward movement in the short term, with the most immediate resistance at 12.98. Support is at 12.43. The technicals favour a new upswing to the 13.53 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) 02-09-2024 12:30