Trade under management, week 15
Societe Generale climbs 5.4% and pushes at the highs again, turned back twice near 83
Trade under management, week 15
Our view last week
Societe Generale shares jump 3.5% this week: the weekly RSI climbs to 61, buyers step back in front (74% of volume on the buy side, up from 43% a week earlier) and money flow strengthens sharply. Twice, though, the push to clear the recent highs around the 78-79 area gets turned back. Our weekly technical analysis reads a stock holding its direction, with the double bottom in the 72 area still acting as the floor.
This week's summary
Societe Generale stock keeps accelerating: up 5.4% this week, with buyers firmly in command — 76% of volume on the buy side — and money flow strengthening further. But the fresh push at the highs, up to the 83 area, gets turned back twice: the same wall already found in the 78-79 area last week, just one step higher. Our weekly technical analysis reads the push coming back, against a gap to the record high that keeps narrowing.
IQS Phase
64
ordinary
Signal Strength
37
medium · weak
Sizing
REDUCED
Ranking
#51 / 61
EU-UK stocks in progress
Trade P&L %
+8.91%
from signal to date, no stop loss
Rank position
ranks 51st among the 61 Longs already running for European-UK stocks in our ranking, with a signal strength of 37 out of 100.
Sector context
SectorEuropean
Benchmark ETFEXV1
Sector regimein positive regime
Performanceweekly +2.05% · monthly +3.45%
GLE belongs to the european sector (reference ETF EXV1). The sector is classified in positive regime according to our weekly reading.
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