SOCIETE GENERALE SA (GLE.PA)
FR0000130809 - Common Stock
We assign a technical rating of 8 out of 10 to GLE. Although GLE is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
GLE is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so GLE is lagging the market slightly.
GLE is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
GLE has an average volume of 3092790 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that GLE is one of the better performing stocks in the market, outperforming 78% of all stocks. However, this relatively good performance is mostly due to a recent big move.
GLE is part of the Banks industry. There are 89 other stocks in this industry, GLE did better than 57% of them.
Besides having an excellent technical rating, GLE also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 26.07, a Stop Loss order could be placed below this zone.
More info and screens
19.70
28.14
When analyzing the support we can see 5 important areas.
- A support zone ranging from 25.09 to 26.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 24.16 to 24.27. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @23.70 from a horizontal line in the daily time frame.
- Support @20.73 from a horizontal line in the weekly time frame.
- Support @19.90 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 26.86 to 27.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 27.84 to 27.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS78.05
Mansfield-0.09
10 Day High27.46
10 Day Low26.15
20 Day High27.46
20 Day Low24.03
52 Week High27.95
52 Week Low19.37
Performance
1 Week-0.73%
2 Weeks-0.67%
1 Month4.17%
3 Month15.72%
6 Month20.87%
12 Month10.28%
2 Year12.84%
3 Year-12.28%
5 Year-14.57%
10 Year-24.28%
15 Year-45.87%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-0.02
RSI(14)54.15
LBB25.82
UBB27.55
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 26.87 | 26.14 | 0.73 (2.70%) | 25.00% |
| An entry @26.87. This is a Buy Stop order right above the 10 day moving average. | An exit @26.14. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.73 points, which is 2.70%. | For a 0.68% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of GLE. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
SOCIETE GENERALE SA
EPA:GLE (12/24/2024, 7:00:00 PM)
26.495
-0.12 (-0.45%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.45%
1 Week-0.73%
2 Weeks-0.67%
1 Month4.17%
3 Month15.72%
6 Month20.87%
12 Month10.28%
2 Year12.84%
3 Year-12.28%
5 Year-14.57%
10 Year-24.28%
15 Year-45.87%
Volatility
ATR(14)0.58
ATR(20)%2.35%
ATR Inc-37.24%
Range Today0.35
ADR(20)0.57
ADR(20)%2.14%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS78.05
Mansfield-0.09
10 Day High27.46
10 Day Low26.15
20 Day High27.46
20 Day Low24.03
52 Week High27.95
52 Week Low19.37
CS1 End26.07
CR1 Start26.86
Volume & EV
DER(3)1.71%
DER(5)1.09%
Volume520.89K
Volume Incr-31.58%
Vol(5)2.08M
Vol(50)3.09M