Sell signal, second week under observation
Societe Generale sheds 5%: money flow flips negative after 13 weeks in the black
Our view last week
Societe Generale stock sheds 7.6% this week, with sellers heavily dominant in the last bar: a fresh Sell signal fires, just seven days after the previous long trade was still up more than 10%. The stock stays 67% above its 200-week average, and the weekly MACD is still running above its signal line. Signal strength, 67 out of 100, points to a decline making lower lows while holding its pace.
This week's summary
Money flow on Societe Generale stock has just flipped negative after thirteen straight weeks in the black, and the weekly MACD crossed bearish after ten weeks above its signal line: two turns that rarely land together by chance. The stock shed 5% this week, and the price is closing in on a floor already tested twice, a heavily contested level. Weekly technical analysis on Societe Generale stock places the sell signal in its second week, trading not recommended for now.
IQS Phase
56
ordinary
Signal Strength
74
downtrend making lower lows, pace holding
Sizing
STANDARD
Ranking
#6 / 51
EU-UK stocks sell signals
Trade P&L %
+4.95%
from signal to date, no stop loss
Rank position
ranks 6th among the 51 sell signals for European-UK stocks in our ranking, with a signal strength of 74 out of 100.
Sector context
SectorEuropean
Benchmark ETFEXV1
Sector regimein positive regime
Performanceweekly +0.51% · monthly +3.83%
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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