Londinia Opportunities Analyses - 06/18/2021 (GMT) SOCIETE GENERALE - 1H

- EUR (-)

- 15 min delayed data - Euronext Paris

Type:	Stocks
Ticker:	GLE
ISIN:	FR0000130809

Londinia

I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.

Europe Stocks
Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

17%

61%

22%

My opinion

Bearish under 25.750 EUR

My targets

25.040 EUR (-1.84%)

24.730 EUR (-3.06%)

My analysis

The bearish trend is currently very strong for SOCIETE GENERALE. As long as the price remains below the resistance at 25.750 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 25.040 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 24.730 EUR as an objective. Crossing it would then enable sellers to target 22.767 EUR. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.

Force

7.5

Analysis too old. There are no more charts available.

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Additional analysis

Quotes

The SOCIETE GENERALE rating is 25.510 EUR. The price is lower by -1.47% since the last closing and was between 25.445 EUR and 25.845 EUR. This implies that the price is at +0.26% from its lowest and at -1.30% from its highest.

25.445

25.845

25.510

The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.

Opening Gap DOWN

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this SOCIETE GENERALE chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : 1 hour

SuperTrend indicator bearish reversal

Type : Bearish

Timeframe : 1 hour

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Horizontal resistance is broken

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	22.767	25.040	25.475	25.510	25.750	25.917	26.220
Change (%)	-10.75%	-1.84%	-0.14%	-	+0.94%	+1.60%	+2.78%
Change	-2.743	-0.470	-0.035	-	+0.240	+0.407	+0.710
Level	Major	Intermediate	Major	-	Minor	Major	Major

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	24.847	25.333	25.612	26.098	26.377	26.863	27.142
Camarilla	25.680	25.750	25.820	25.890	25.960	26.030	26.100
Woodie	24.743	25.281	25.508	26.046	26.273	26.811	27.038
Fibonacci	25.333	25.626	25.806	26.098	26.391	26.571	26.863

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	24.730	25.320	25.850	26.440	26.970	27.560	28.090
Camarilla	26.072	26.175	26.277	26.380	26.483	26.585	26.688
Woodie	24.700	25.305	25.820	26.425	26.940	27.545	28.060
Fibonacci	25.320	25.748	26.012	26.440	26.868	27.132	27.560

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	20.058	21.364	23.784	25.090	27.510	28.816	31.236
Camarilla	25.180	25.522	25.864	26.205	26.547	26.888	27.230
Woodie	20.616	21.643	24.342	25.369	28.068	29.095	31.794
Fibonacci	21.364	22.787	23.666	25.090	26.513	27.392	28.816

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	34.30
MACD (12,26,9):	-0.0380
Directional Movement:	-16.700
AROON (14):	-50.000
DEMA (21):	26.025
Parabolic SAR (0,02-0,02-0,2):	26.570
Elder Ray (13):	-0.407
Super Trend (3,10):	26.354
Zig ZAG (10):	25.495
VORTEX (21):	0.8070
Stochastique (14,3,5):	30.43
TEMA (21):	26.038
Williams %R (14):	-91.67
Chande Momentum Oscillator (20):	0.005
Repulse (5,40,3):	-1.9650
ROCnROLL:	2
TRIX (15,9):	-0.0060
Courbe Coppock:	2.24

MA7:	26.072
MA20:	26.186
MA50:	24.474
MA100:	22.160
MAexp7:	25.892
MAexp20:	26.075
MAexp50:	26.154
MAexp100:	26.199
Price / MA7:	-2.16%
Price / MA20:	-2.58%
Price / MA50:	+4.23%
Price / MA100:	+15.12%
Price / MAexp7:	-1.48%
Price / MAexp20:	-2.17%
Price / MAexp50:	-2.46%
Price / MAexp100:	-2.63%

Quotes : - 15 min delayed data - Euronext Paris

News

The latest news and videos published on SOCIETE GENERALE at the time of the analysis were as follows: