Société Générale : Short-term turn-around to the downside ahead
| Entry price | Target | Stop-loss | Potential |
|---|
|
€28.37 |
€26.5 |
€29.25 |
+6.59% |
|---|
The chart of shares in Société Générale suggests a correction over the short term. The timing to benefit from a likely reversal appears good.
Strengths● The company returns high margins, thereby supporting business profitability.
● Historically, the company has been releasing figures that are above expectations.
● The equity is one of the most attractive in the market with regard to earnings multiple-based valuation.
● This company will be of major interest to investors in search of a high dividend stock.
● For the last week, the earnings per share forecast has been revised upwards. According to recent estimates, analysts give a positive overview of the stock
● Stock prices approach a strong long-term resistance in weekly data at EUR 29.02.
● The stock is close to a major daily resistance at EUR 28.69, which should be gotten rid of so as to gain new appreciation potential.
● As estimated by analysts, this group is among those businesses with the lowest growth prospects.
● For the last twelve months, the trend in sales revisions has been clearly going down, which emphasizes downgraded expectations from the analysts.
● For the past year, analysts have significantly revised downwards their profit estimates.
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SOCIÉTÉ GÉNÉRALE 
