Milan: MPS Bank shines
(Teleborsa) - Monte Paschi is doing well with an increase of of 3.03%.
A comparison of the security and the FTSE MIB index on a weekly basis shows the greater relative strength of bank of Siena, confirming a better performance for the security in comparison to the related index.
The short-term technical picture for Banca Monte Paschi shows an acceleration of the uptrend towards a target of 4.72 Euros. A possible decline to 4.634 would represent a temporary correction and would not compromise the strength of the current trend. Expect an extension of the bullish trend line towards the 4.806 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) 05-02-2024 09:35 AM
A comparison of the security and the FTSE MIB index on a weekly basis shows the greater relative strength of bank of Siena, confirming a better performance for the security in comparison to the related index.
The short-term technical picture for Banca Monte Paschi shows an acceleration of the uptrend towards a target of 4.72 Euros. A possible decline to 4.634 would represent a temporary correction and would not compromise the strength of the current trend. Expect an extension of the bullish trend line towards the 4.806 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) 05-02-2024 09:35 AM