(Teleborsa) – Frasers falls, with a decline of 2.21%.
Comparing the performance of the stock with the FTSE 100, on a weekly basis, we note that Frasers maintains positive relative strength compared to the index, demonstrating greater appreciation by investors compared to the index itself (weekly performance +4.1%, compared to +0.61% of the main index of the London Stock Exchange).
The short-term technical status of Frasers highlights an extension of the positive performance of the curve with the first resistance area identified at 8.765 pounds. Risk of a possible correction to the target of 8.51. Expectations are for an increase in the bullish trendline towards the resistance area of 9.02.
The indications are to be considered merely informational tools, and are in no way intended to constitute financial advice, solicitation to public savings or promotion of any form of investment.
(By the Teleborsa Research Office)