Stocks listed on the index have small capitalization, low dividends and awful Returns. The Italian economy could be tipping into a Recession in future, thereby lowering growth prospects, stock returns and profitability. FTSEMIB chart on a larger time scale, already… Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

The FTSE MIB (the S&P/MIB prior to June 2009) is the benchmark stock market index for the Borsa Italiana, the Italian national stock exchange, which superseded the MIB-30 in September 2004. The index consists of the 40 most-traded stock classes on the exchange. Register now to watch these stocks streaming on the ADVFN Monitor. Close icon Two crossed lines that form an ‘X’. It indicates a way to close an interaction, or dismiss a notification.

FTSEMIB FTSE MIB IndexIndex Price & Overview

The Italian stock index recently concluded cycle wave 2 counter trend up and it is developing primary wave 1 down. The current upward movement is a counter trend that could be labeled intermediate wave 4 or primary wave stp account forex 2. The log-term forecast is the same in either cases, after this counter trend up the index should go for a long-term downward path. The FTSEMIB will see a further large correction -34% retracing to FTSEMIB points.

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Historical FTSEMIB Price Data

The next support is at 16% drop. Two facts making me belive that a short position is the right thing to do. Italy is in huge difficult to contain the coronavirus. They will c++ for java developers lock entire cities and regions in the next week. The economy isn’t string at all. Opened another short for catch some % on the free falling of the italians markets.

• Twitter icon A stylized bird with an open mouth, tweeting.
• It indicates a way to close an interaction, or dismiss a notification.
• They will lock entire cities and regions in the next week.
• Close icon Two crossed lines that form an ‘X’.
• Insider logo The word “Insider”.