It seemed to rise but then prices have chosen the path of decline and if something does not change between Monday and Tuesday, the downhill it could continue by at least another 7/10% in the coming weeks.
Is this decline an opportunity to buy or to sell? We believe that the first hypothesis is valid. Today, in fact, we will study how to take advantage of the decline and where to buy 3 undervalued shares of Piazza Affari that will rise again in the coming months.
We want to open a parenthesis first. In other articles for a few days we have analyzed 3 stocks of the banking sector that have started to descend. If our view turns out to be correct, even among Italian banks, interesting buying opportunities will soon emerge
Let’s proceed step by step.
The first support of the Ftse Mib Future is at 24.565 and a non-reversal around this level would immediately bring prices towards 23.295. New rebounds at the moment, however, with daily closings exceeding 24,985.
How to take advantage of the decline and where to buy 3 undervalued Piazza Affari stocks that will rise again in the coming months
We have chosen the following titles: Generali Assicurazioni, Stellantis (MIL: STLA) e Tenaris.
Generali Insurance, last price at 16,735. Fair value at 22.50 euros. Since the beginning of the year, it has marked the low at 7.521 and the high at 8.868. Until there is a weekly close above 17.19, prices could continue to fall in a few weeks towards the area of 15.44 and then 14.50.
Stellantis, last price at 15.686. Fair value at 28 euros. Since the beginning of the year, it has marked the low at 10.516 and the high at 17.558. Until we see a weekly close above 16.568, prices could continue to fall towards the 13.73 area in a few weeks.
Tenaris, last price at 8.526. Fair value at 12 euros. Since the beginning of the year, it has marked the low at 5.976 and the high at 9.86. Until there is a weekly close above 9.142, prices could continue to fall in a few weeks towards the area of 6.98 and then 6.534.
We will proceed step by step.
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(We remind you to carefully read the warnings regarding this article, which can be consulted who”)
