Trade under management, week 12
Societe Generale slips 4% as sellers retake control, double bottom holds near 69
Trade under management, week 12
Our view last week
Societe Generale is at week 11 of a buy signal, with the model's coverage now complete: all 3 statistical targets have been hit, and the residual capital continues at +3.59% from entry. The setup quality indicator sits at 56 out of 100, ordinary phase, and signal strength remains medium-weak at 33 out of 100. The stock ranks 54th among the 62 open buys in European-UK stocks.
This week's summary
Societe Generale closed the week down 4%, with sellers back in charge (60% of volume) after weeks of the opposite tilt. The daily chart, though, formed a clean double bottom in the 69 area, with a 5% intermediate rebound. Money flow stays positive and the MACD holds above its signal line, but the pace is cooling: versus last week, when the residual capital was running at +3.59%, the trade has slipped to a mild -0.54%.
IQS Phase
49
ordinary
Signal Strength
37
medium · weak
Sizing
REDUCED
Ranking
#49 / 60
EU-UK stocks in progress
Trade P&L %
-0.54%
from signal to today
restricted Platinum content