Societe Generale, fresh Sell signal
Societe Generale stock drops 7.6% as a fresh Sell signal fires
Our view last week
Societe Generale stock pulls back: after last week's rejection near the 84.82 area, the stock slips 1.9% this week and sellers dominate 92% of the volume. Money flow stays positive though, and the MACD keeps climbing — signs the broader picture hasn't broken. The trade, open for 17 weeks, is now up 10.31%.
This week's summary
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.
IQS Phase
40
ordinary
Signal Strength
67
downtrend making lower lows, pace holding
Sizing
STANDARD
Ranking
#6 / 46
New eu-uk stocks
Trade P&L %
+0.00%
from signal to date, no stop loss
Rank position
ranks 6th among the 46 sell signals for European-UK stocks in our ranking, with a signal strength of 67 out of 100.
Sector context
SectorEuropean
Benchmark ETFEXV1
Sector regimein positive regime
Performanceweekly -2.04% · monthly +1.88%
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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