Societe Generale Shares Drop 2.49%, Falling Back to Its Support at €65.72

Significant Drop to €67.70, Stock Falls Below its 20-Day Moving Average

Societe Generale's stock loses 2.49% to €67.70 by mid-session, down from €69.43 at the previous close. This movement contrasts with the 1.60% rebound recorded the previous day. The stock has fallen below its 20-day moving average (MM20) of €68.50, a 1.17% gap, and is now touching its 50-day moving average (MM50) at €67.61. The 200-day moving average (MM200) remains well below at €63.27, which is 7% under the current price, indicating a still bullish long-term trend over the year (+37.49%). The RSI at 54 remains in neutral territory. The nearest technical support is identified at €65.72.
The stock is among the biggest declines in the CAC 40 this Thursday, as the Paris index drops by 0.57% and the SBF 120 falls by 0.51%. The session occurs in a contrasting European environment, with the DAX advancing by 0.56% while the Paris market slows down.

Focus on the General Meeting on May 27, Amid Fluctuating European Rates

Next appointment for shareholders: the annual general meeting is scheduled for Wednesday, May 27, 2026. The bank will review the first quarter accounts, which were published on April 30, highlighting a tangible return on equity of 11.7%, above the annual target of more than 10%. The session on April 30 ended with a 6% drop, and the stock has not yet returned to pre-publication levels.
According to the consensus of analysts surveyed, the stock is currently trading at about 8.9 times the expected earnings for the current fiscal year and 7.6 times those of the following year. The support at €65.72 now serves as the nearest technical reference point before the general meeting on May 27.