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Technical Tuesday: Comparing Technical Signals for the Italian stock market

Nov 27, 2018

 

 

The Data Daily: Where the charts tell the story

This week we are comparing key data points of the Italian stock market.

 

  • From the graph below we highlight that the iShares MSCI Italy ETF (EWI) has been trading below its 200 and 100 day moving averages since mid-2018.  The iShares MSCI Italy ETF (EWI) has only broken above its 50 day moving average twice since mid-2018 for short periods, remaining below for vast majority of the time.  iShares MSCI Italy ETF (EWI) has hit a neutral level according to the 14-day RSI technical indicator.
  • Additionally, you can see Emnel SpA (BIT: ENEL) has hit overbought level according to the 14-day RSI technical indicator.  Assicurazioni Generali S.p.A. (BIT:G) and Intesa Sanpaolo S.p.A. (BIT:ISP) have hit neutral levels according to the 14-day RSI technical indicator.  Eni S.p.A. (BIT:ENI) and Luxottica Group S.p.A. (BIT:LUX) have hit oversold levels according to the 14-day RSI technical indicator. 

 

Italian Stock Market - iShares MSCI Italy ETF (EWI)

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Assicurazioni Generali S.p.A. (BIT:G) - Rated "Unattractive" in our European Large-Cap Global Top Stock Ideas

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Eni S.p.A. (BIT:ENI) - Rated "Neutral" in our European Large-Cap Global Top Stock Ideas

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Enel S.p.A. (BIT:ENEL) - Rated "Neutral" in our European Large-Cap Global Top Stock Ideas

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Intesa Sanpaolo S.p.A. (BIT:ISP) - Rated "Neutral" in our European Large-Cap Global Top Stock Ideas

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Luxottica Group S.p.A. (BIT:LUX) - Rated "Attractive" in our European Large-Cap Global Top Stock Ideas

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