Milan: Unicredit on the rise
(Teleborsa) - Unicredit is doing well with an increase of of 2.33%.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 +0.66%, versus a -0.21% gain in the index).
The technical picture of Unicredit signals an extended downtrend towards support seen at 38.31 Euros, while on the upside resistance can be identified in the 39.52 area. The outlook is for Unicredit to pull back further still towards a target of 37.52.
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) 12-18-2024 12:30 PM