The large capitalization of bank securities on the Milan stock exchange determines the price trend of the Milanese list. Bank shares will participate in the likely rally of the Milan Stock Exchange in the coming weeks. But not all in the same way. There will be some that will rise more than others.
The stock exchange projection studies office compared two of the banking stocks with the greatest potential for price growth. And he found out which bank stock will do better in the next stock market rise, between Bpm and Bper
Which bank stock will do better in the next stock market rise, between Bpm and Bper
Bank stocks are among the shares that will contribute most to pushing Piazza Affari into the next price rally. It was only because they are among those who suffered the biggest falls in the March stock market crash. And because compared to other stocks they have lagged far in recent months, and therefore have greater upside potential.
Bper and Bpm are among the worst performing bankers, who have been the best sellers and who have had the least rebound to date. But precisely for this reason they are among the banking stocks that are likely to make the biggest gains when Piazza Affari returns to rise again. Stock market projection analysts analyzed them and identified the best strategies for betting on these 2 stocks
The strategy to exploit Banco Bpm’s rise
Banco Bpm sold around 60% from February 18 to March 12, going from 2.6 to 1.1 euro. On 8 June prices reached the 1.5 euro threshold and closed the gap that had opened with the 6 March session. Since then prices have stood around 1.4 euros, waiting to find the strength to overcome the price resistance at 1.5 euros. The violation of this level, with a better closing if weekly, will push prices to the first target of 1.8 euros. And maybe, subsequently, again around 2.5 euros. From 1.5 euros it would be a 60% appreciation
The strategy to exploit the rise of Bper Banca
For Bank (MIL-BPE) has recently come out of the basket of the top 40 stocks in Piazza Affari. This could curb the purchases of institutional investors. On February 17, before the market crash, the stock was quoted around 4.5 euros. Currently it is worth exactly half, that is 2.2 euros.
Prices for a couple of weeks have moved within a narrow range between 2.1 euros and 2.4 euros. The violation of 2.4 euros and the achievement of the relative maximum of 2.7 euros will be the sign of a new price force. Over 2.7 euros, the action could go up to 3 euros and then attempt to return to 4.5 euros. Reaching that threshold would mean doubling in value from current prices
If you want to find out when the August rise in Piazza Affari will start, read on this article
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