The real problem that has gripped the Milan Stock Exchange today

While the American stock market resumes running, the European squares continue to struggle. Even today it was yet another day of almost nothing on the stock exchanges of the Old Continent. And the same happened in Piazza Affari. Let’s see in detail the important events of the day.

The real problem that has gripped the Milan Stock Exchange today

Still a stalemate on the European stock exchanges. A session without too many jolts. The problem is that the shock did not even come with Wall Street, which started in fourth gear at the start of the session. Absolute immobility. At 5.30 pm, when the stock exchanges in Europe closed around zero, the S & P500 index was up 1.8%. Mind the Nasdaq by 2.3%. European stock exchanges around zero.

It was an opaque session in all European price lists. If the Ftse Mib index (INDEX:FTSEMIB) closed at 19,793 points, down 0.1%, the other exchanges did slightly better. The German Dax lost 0.1%, the same loss for London. In Paris, the Cac gained 0.3%, while the Pan-European Euro Stoxx 50 index remained virtually unchanged.

Proof that the entire European stock market lacks ideas, themes and purchase volumes. This is the real problem that has gripped the Milan Stock Exchange today. But that is bad for all the lists of the Old Continent, which have been dragging this limit for weeks now.

Piovan stands out and stands out by 6%

Among the blue chips, the ideas come from the rebounds. STM rebounded 3.7% thanks to the good opening of the Nasdaq. Banca Generali rose by 2.7%. Among the smaller capitalization stocks, Piovan stands out among all. The stock is in its second bullish session and today achieved a convincing 6%.

The action comes from a decline that began at the end of the first decade of July. Today, prices broke the trendline that had been forcing the action down for 2 months, sending a signal of strength.

Piovan closed at 4.26 euros and at 4.365 euros it has a resistance that if violated could push prices into the 4.48 / 4.50 area. And they could return to the highs of July at 5.5 euros.

On the other hand, a return below 4 euros is negative.

Deepening

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