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Societe Generale: sell signal active, but setup is high-risk

Societe Generale carries a fresh sell signal at week 1, but signal strength is just 9 out of 100 and the quality band flags trading as not recommended. Our model calls for caution before opening any short position.

In Summary
Societe Generale carries a fresh sell signal at week 1, with signal strength at just 9 out of 100 — among the lowest in the EU-UK ranking. The quality band flags trading as not recommended: an active rebound off a double bottom near the 65 area and a structure that has yet to confirm direction. A case to monitor, not to trade.
Fresh sell signal ·1st week from start ·EU-UK stocks ·T2
IQS Phase
47
ordinary
Signal Strength
9
low · fading
Sizing
MINIMUM
Ranking
#32 / 57
New eu-uk stocks
Chart · Weekly — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
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