For having a better understading of what is happening on this stock about my last idea, on the Montly chart we see a clear break of structure and a retest of it after testing an important trendline(formed in Oct 07).The price has been bouncing over the last 12 years and now finally we see a strong candle formed in March this year breaking all structure and showing...
Company Profile
Assicurazioni Generali S.P.A. is an insurance company based in Italy (Trieste) but operating worldwide: it’s the leader in its sector not only in Italy but also in other countries like Germany and France. It offers a broad range of insurance services like property and casualty insurance, insurance for companies and life insurance. The firm...
The potentiality target for this move up is 18.53. To reach this target price can find some support/resistance level around the line in the Pitchfork tool.
Let's see how will play.
IMPROVING FUNDAMENTALS?
The consensus is lukewarm: Mild BUY with 10% target upside
But the yield (up) and market (up) environments have been improving
The Italian referendum is unlikely to impact materially this global insurer
Valuation remains compelling at <80% of book value
IMPROVING TECHNICALS
Clear support line formed since the summer - Current level...
