Smallcap Stocks Show Mixed Trends, Banca Monte dei Paschi di Siena SpA Shifts to Mildly Bearish Outlook
Banca Monte dei Paschi di Siena SpA - Bearish to mildly bearish
The smallcap segment of the market has been the best performer today, with Saipem SpA leading the pack with a return of 2.27%. On the other hand, Banca Monte dei Paschi di Siena SpA has been the worst performer, with a return of -3.35%. This shows a clear divide in the performance of smallcap stocks in the market today.
Looking at the advance decline ratio of the stocks in this smallcap segment, we can see that 13 stocks are advancing while only 7 stocks are declining. This translates to a ratio of 1.86x, indicating a positive sentiment among investors towards smallcap stocks.
In terms of technical calls, there have been some recent changes in the smallcap segment. Italgas SpA has shifted from a bullish to mildly bullish outlook, while Banca Generali SpA has moved from mildly bullish to bullish. Credito Emiliano SpA has also seen a change from bullish to mildly bullish, while Saipem SpA has remained in a sideways to mildly bullish trend. On the other hand, Banca Monte dei Paschi di Siena SpA has shifted from a bearish to mildly bearish outlook.
Overall, the smallcap segment of the market is showing mixed trends today, with some stocks performing well and others struggling. Investors should keep a close eye on these technical calls and market performance to make informed decisions.