(News Bulletin 247) – Based on a graphical argument, News Bulletin 247 analysts have selected SOCIETE GENERALE for active investors.

KEY GRAPHIC ELEMENTS

While the 20-day moving average (in dark blue) has just crossed its 50-day counterpart (in orange) on the rise, and the stock is in no way suffering from the market’s reflux, the attraction effect of the gap bearish March 10 will be felt more. Its upper limit is worth 26.695 euros. Beyond that, 28 euros would be in sight, which corresponds to the formation of a double top in February.

FORECAST

In view of the key chart factors we have mentioned, our view is bullish on SOCIETE GENERALE stock in the short term.

Active investors will take a position on the purchase of SOCIETE GENERALE shares at a price of €23,885 with a target of €27,990 in sight. They will protect their capital by placing a stop at €22,690.

The News Bulletin 247 board

Societe Generale
Positive 23.885 €
Objective :
27.990 €
Potential :
+17.19%
Stop:
22.690 €
Resistance(s):
26,695 / 30,000
Medium(s):
20,800 / 19,250

CHART IN DAILY DATA

Graphic made from the software Prorealtime

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