Milan: strong day for MPS Bank
(Teleborsa) - Marked growth for Monte Paschi as it records a +2.78% improvement on previous levels.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 technical scenario for Banca Monte Paschi shows a continuation of the downtrend to test support at 4.025 Euros, with a resistance area at 4.153. The bearish pattern suggests that new lows will probably be tested in the 3.946 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) 04-17-2024 12:30 PM