Milan: Unipol on the rise
(Teleborsa) - A positive session for Unipol as it progresses +2.37%Comparing the share price trend with the FTSE MIB on a weekly basis, we see Unipol maintaining relative strength over the index, as it exploits a greater performance than the index (weekly share performance of +3.92%, versus a -0.71% gain in the index).
As Unipol's technical picture weakens, the stock could test the 11.53 Euros area, while moves in the opposite direction would hit first resistance at 11.73. Expect a continuation of the bearish trend towards the 11.4 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) 11-20-2024 09:35 AM