Milan: Nexi well in the green
(Teleborsa) - The Leading company in Italy for electronic payments increases its performance, climbing +1.86%.Comparing the share price trend with the FTSE MIB on a weekly basis, we see Nexi maintaining relative strength over the index, as it exploits a greater performance than the index (weekly share performance of +3.33%, versus a +1.01% gain in the index).
Looking at Nexi's technical status, the stock is losing strength with prices drifting towards support at 5.533 Euros. On the upside, any appreciation would encounter a serious obstacle at 5.627. The reign of the bears makes a continued downtrend towards the 5.479 level look very real.
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) 04-29-2024 12:30 PM