Italian stock alert

ITALY

CLOSING UPDATE: Intesa Sanpaolo hits 52-week high seventh time in one month 19 January 2018 18:15 CET

NEWS BITES - EUROPE

This is an end of day Alert, produced after today's Italian market close. It concludes the BSS News Bites intra-day Alert series (summaries below).

Intesa Sanpaolo, Italy's largest bank by market capitalisation, hit a 52-week high of EUR3.11 today for the seventh time in the past one month and last traded at EUR3.09. Trading volume was 93% of average at the end of the day. Compared with the FTSE MIB Index which rose 118.4 points (or 0.5%) in the day, this represented a relative price change of -0.5%.

Technical indicators complementing today's significant uptrend:

+ The positive 0.07 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

+ In the Italian market, the stock's relative price strength percentile is improving at 57 for 6 months, 75 for 3 months and 86 for 1 month.

+ In the last three months the stock has hit a new 52-week high seven times, pointing to a significant uptrend.

+ The price increased 2.0% in the last week and soared 10.8% in the last month.

+ The present value of EUR1,000 invested one year ago is EUR1,432 [vs EUR1,218 for the FTSE MIB Index].

Fundamental measures by comparison with the sector average [in brackets] indicate:

Undervaluation:

+ Dividend yield of 5.8% [0.5%]

Note

Overbought/Bearish:

The 0.6% discount to 12-month high of EUR3.11 against the 60.2% premium to 12-month low of EUR1.93 suggests the climb might be peaking.

TODAY'S ALERT

Afternoon Alert: Intesa Sanpaolo in 3rd consecutive rise, nears a 43-month high

19 January 2018 13:08 CET

Intesa Sanpaolo (MI:ISP) extended its gains Friday, rising an additional 1.0c (or 0.3%) to trade at EUR3.10. The stock increased 0.66% on Wednesday and 0.98% on Thursday bringing its 3-day rise to 2.0%. It is now approaching its thirty-month high of EUR3.11.

RECENT ALERTS

CLOSING UPDATE: Intesa Sanpaolo hits 52-week high fourth time in one month

16 January 2018 18:15 CET

Intesa Sanpaolo, Italy's largest bank by market capitalisation, hit a 52-week high of EUR3.06 today for the fourth time in the past one month and last traded at EUR3.04. Trading volume was 80% of average at the end of the day. Compared with the FTSE MIB Index which fell 48.3 points (or 0.2%) in the day, this represented a relative price increase of 0.2%.

Morning Alert: Intesa Sanpaolo keeps rising: up 8.5% in 6 days

16 January 2018 11:09 CET

Intesa Sanpaolo (MI:ISP) extended its gains on Tuesday, rising an additional 1.0c (or 0.3%) to trade at EUR3.05. Trading volume was 80% of average so far today. The shares have risen 24.0c (or 8.5%) over the past six trading days vs. the FTSE MIB Index which has risen 3.5% in the same period.

Intesa Sanpaolo (MI:ISP; BIT:ISP; IM:ISP)

ISIN: IT0000072618

PermID: 4295875735

Source: www.BuySellSignals.com