(News Bulletin 247) – With a very low valuation, a significant dividend yield and a favorable macroeconomic environment, with high key rates, make the stock a medium-term opportunity.
KEY GRAPHIC ELEMENTS
The stock is stabilizing at its recent lows. The stabilization of the stock could lead to a rebound towards €24.
FORECAST
Considering the key chart factors we mentioned, our view is bullish on SOCIETE GENERALE stock in the short term.
Active investors will take a purchase position on SOCIETE GENERALE shares at a price of €22,400 with a target of €24,370 in their sights. They will protect their capital by placing a stop at €21,420.
News Bulletin 247 advice
DAILY DATA CHART
I have over 8 years of experience working in the news industry. I have worked as a reporter, editor, and now managing editor at 247 News Agency. I am responsible for the day-to-day operations of the news website and overseeing all of the content that is published. I also write a column for the website, covering mostly market news.
