(Finance) – Recovers parity Brunello Cucinelliwhich is trading modestly up 0.27%, after having done poorly in the first part of the session, after publishing first-half 2024 results in line with expectations last night. The Italian fashion house reported a turnover increase of 14.1% at current exchange rates and confirmed growth for 2024 of around 10%.
The trend of the title shows a trend in line with that of the FTSE MIB. This situation classifies the stock as a low alpha asset that does not generate any added value, in terms of returns compared to the benchmark index.
The short-term technical picture of Brunello Cucinelli shows an upward acceleration of the curve with a target identified at 95.17 Euro. Risk of a drop to 92.07 which will not compromise the good health of the current trend but which represents a temporary correction. Expectations are for an extension of the bullish trendline towards 98.27.