Société Générale's Stock Climbs 2% Targeting Key Resistance at €78.92

The stock ranks among the top gainers of the CAC 40 during the session

Société Générale's stock rises 2.25% to €77.73 in mid-afternoon, ranking among the top gainers of the CAC 40, as the Paris index advances 0.69% to 8,443 points. The rebound comes after a 1.5% decline documented yesterday in our columns, which marked a pause after several weeks of gains. The stock maintains a nearly 13% gain over the month and 62% over the year, one of the best performances in the European banking sector. The relaxation of the VIX, which falls to 17.82 (-8.57%), reinforces the renewed appetite for risk, in a context where oil returns to its pre-Iran-Israel conflict levels and the business climate in Germany slightly improves according to June's Ifo index (85.6 versus 85.0 in May).

Breaking the €78.92 resistance becomes the next technical threshold to watch

The stock price is now in contact with its identified resistance at €78.92, after having easily surpassed its moving averages. The stock is 6.5% above its MM20 (€73.00) and nearly 19% above its MM200 (€65.39), confirming a solidly bullish medium-term dynamic. The RSI at 64 remains below the overbought threshold, leaving room before technical tension. The interest rate environment remains a fundamental point for the bank: the 3-month Euribor is at 2.226% in May (+24 basis points over a year) and the outstanding loans to French non-financial businesses have increased by 2.6% over a year, to €1,465 billion, supporting financing activity. The next concrete agenda item remains the early repayment of a Tier 2 bond scheduled for June 30, 2026, followed by the repayment of the convertible bond FR001400BDA1 on July 6.