Société Générale's Stock Rebounds by 2.67% and Stalls at its 50-Day Average

A Technical Rebound After a Week of Consolidation

Société Générale gains 2.67% at the opening, after losing 4.29% over the past week. The stock recovers some ground after dropping below its 50-day moving average earlier in the week. The price is now close to this MA50, located at €68.48, which it has not yet crossed upwards. The MA200, at €62.39, remains significantly below the current price, maintaining a medium-term bullish underlying trend. The RSI at 42 moves out of the low zone reached the day before without indicating any excess in either direction. The stock is in the lower part of the Bollinger Bands, at 28% of their amplitude, with a lower bound at €65.36 and an upper bound at €75.22. The annual performance remains at 46.59%.

Clear Schedule Until End of July, Cautious ECB Context

Following the quarterly publication on April 30, the bank's financial calendar lightens. The next key event is the general assembly scheduled for May 27, followed by the second quarter results on July 30. During the 9M-25 publication, the group communicated a 2025 ROTE target of around 9% and an operating ratio under 65%, targets already surpassed according to Q1 2026 figures (ROTE of 11.7%). In terms of sector context, the ECB maintained its key interest rates unchanged on April 30 and signaled an intensification of risks on inflation and growth, in an environment marked by Brent crude around $108. However, the ECB's quarterly survey among professional forecasters anticipates a return of inflation towards 2% by 2027. The next calendar catalyst for the stock is the general assembly on May 27.