Societe Generale (France) Technical Analysis

GLE Stock  EUR 24.71  0.55  2.28%   
As of the 18th of April 2024, Societe Generale has the Risk Adjusted Performance of 0.036, semi deviation of 1.33, and Coefficient Of Variation of 2012.06. Societe Generale technical analysis provides you with a way to harness past market data to determine a pattern that measures the direction of the company's future prices. In other words, you can use this information to find out if the company will indeed mirror its model of past prices and volume data, or the prices will eventually revert. We were able to analyze and collect data for nineteen technical drivers for Societe Generale SA, which can be compared to its competition. Please validate Societe Generale downside deviation, treynor ratio, expected short fall, as well as the relationship between the variance and potential upside to decide if Societe Generale is priced more or less accurately, providing market reflects its prevalent price of 24.71 per share.

Societe Generale Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Societe, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Societe
  
Societe Generale's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.
Societe Generale technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Societe Generale technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Societe Generale trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Societe Generale Technical Analysis

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The output start index for this execution was three with a total number of output elements of fifty-eight. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Societe Generale volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Societe Generale Trend Analysis

Use this graph to draw trend lines for Societe Generale SA. You can use it to identify possible trend reversals for Societe Generale as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Societe Generale price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Societe Generale Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Societe Generale SA applied against its price change over selected period. The best fit line has a slop of   0.05  , which means Societe Generale SA will continue generating value for investors. It has 122 observation points and a regression sum of squares at 76.88, which is the sum of squared deviations for the predicted Societe Generale price change compared to its average price change.

About Societe Generale Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Societe Generale SA on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Societe Generale SA based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Societe Generale price pattern first instead of the macroeconomic environment surrounding Societe Generale. By analyzing Societe Generale's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Societe Generale's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Societe Generale specific price patterns or momentum indicators. Please read more on our technical analysis page.

Societe Generale April 18, 2024 Technical Indicators

Most technical analysis of Societe help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Societe from various momentum indicators to cycle indicators. When you analyze Societe charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Societe Generale April 18, 2024 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Societe stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Societe Generale SA. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
Note that the Societe Generale information on this page should be used as a complementary analysis to other Societe Generale's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.

Complementary Tools for Societe Stock analysis

When running Societe Generale's price analysis, check to measure Societe Generale's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Societe Generale is operating at the current time. Most of Societe Generale's value examination focuses on studying past and present price action to predict the probability of Societe Generale's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Societe Generale's price. Additionally, you may evaluate how the addition of Societe Generale to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Societe Generale's value and its price as these two are different measures arrived at by different means. Investors typically determine if Societe Generale is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Societe Generale's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.