Société Générale Shares Drop by 3.19%: Support at €60.98 Under Threat
Société Générale's stock experiences a significant decline this Thursday midday, dropping 3.19% to €63.10. This marked decrease is part of a challenging week for the bank's shares, which have fallen 6.55% over the past seven days. The CAC 40 is also down by 0.99% at 7,769 points amid heightened geopolitical tensions.
The share price of Société Générale is now significantly below its 50-day moving average, which is at €70.07, and its 20-day moving average (€67.04). This significant gap, around 10% below the 50-day moving average, indicates a bearish momentum that has accelerated in recent sessions. The RSI, at 45, is in a neutral zone but declining, reflecting the gradual weakening of buying pressure without the stock yet reaching oversold territory. The nearest support threshold is at €60.98, which is less than 3.4% below the current price. This level represents a technical floor to watch closely: a downward break could lead to a more substantial correction. Despite this recent decline, the year-on-year performance remains strong at +43.72%, with the stock having seen significant revaluation over the past twelve months. However, over three months, the decline reaches 7.18%, indicating a short-term trend reversal.
Sector-Wide Decline
Free · Every morning
Technical market signals, before the opening bell.
Bullish and bearish momentum, analyst changes, stocks to watch — automatically computed from Euronext data.
✓ Before 9 AM every morning✓ Euronext data✓ AI-powered analysis
Almost there! Check your inbox.
A confirmation email has been sent. Click the link to confirm your subscription.
An error occurred.
Indicative data. No investment advice. Unsubscribe at any time.
Société Générale's decline is not an isolated case this Thursday. Other major financial stocks on the Paris stock exchange are also experiencing sell-offs: BNP Paribas is down 2.70% during the session, while AXA drops 1.08%. The entire European banking and financial sector is suffering from a renewed risk aversion, amid conditions where volatility remains high, with the VIX at 26.95 points in its last available reading. Investors will soon have a fundamental catalyst with the publication of the first quarter 2026 results, scheduled for April 30. This deadline could help assess the impact of current market conditions on the bank's revenues. The general meeting is also scheduled for May 27. Until then, the evolution of the stock will largely depend on the trajectory of the markets as a whole and whether or not international tensions continue to weigh on European indices this Thursday.
En 2025, nous avons franchi une étape déterminante dans la transformation de notre Groupe, avec des revenus et un résultat net records et une distribution exceptionnelle d’actions.
Revenus 2025 à 27 254 millions d'euros, résultat net part du Groupe 6 002 millions d'euros; ROTE 10,2%; coefficient d’exploitation 63,6%; coût du risque 26 pb; distribution 4 679 millions d’euros; CET1 13,5%; dividende par action 1,61 EUR; programme de rachats d'actions de 1 462 millions d'euros; objectif 2026: croissance des revenus >2%, coût du risque 25-30 pb, coefficient d’exploitation <60%.
Outlook / guidance
Expected revenue: Croissance des revenus attendue en 2026 supérieure à 2% par rapport à 2025.
Expected EBITDA: EBITDA attendu en 2026 en progression par rapport à 2025, sans chiffre cible communiqué.
Expected net income: Résultat net attendu en 2026 avec une ROtE supérieure à 10%.
Management commentary: La direction confirme ses objectifs pour 2026 et vise une rentabilité accrue et une meilleure maîtrise des coûts.
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
