SANOFI - 1H - Technical analysis published on 11/09/2023 (GMT)
- 167
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Slightly bearish
Technical indicators
67%
6%
28%
My opinion
Neutral between 84.16 EUR and 87.26 EUR
My targets
-
My analysis
The basic trend is slightly bearish and the short term is tentatively bullish. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 87.26 EUR. The first support is located at 84.16 EUR. Without a basic trend, it is be important to monitor the price reaction at the first levels of resistance or support. A bullish break in resistance could quickly reverse the basic trend. A bearish break in the support would be welcome to boost the slightly bearish basic trend. On the other hand, if the price is blocked by resistance or support, it could be attractive to trade against the trend on the last short-term movement registered by SANOFI.
Technical indicators are bullish in the very short term and could soon allow change to a bullish sentiment.
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
SANOFI rating 85.92 EUR. On the day, this instrument lost -0.24% and was traded between 85.65 EUR and 86.38 EUR over the period. The price is currently at +0.32% from its lowest and -0.53% from its highest.85.65
86.38
85.92
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of SANOFI in 1H shows an overall slightly bearish trend. Only 60.71% of the signals given by moving averages are bearish. This slightly bearish trend could turn neutral or reverse given the slightly bullish signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 74.18 | 81.44 | 84.16 | 85.92 | 87.26 | 89.01 | 92.24 |
| Change (%) | -13.66% | -5.21% | -2.05% | - | +1.56% | +3.60% | +7.36% |
| Change | -11.74 | -4.48 | -1.76 | - | +1.34 | +3.09 | +6.32 |
| Level | Major | Major | Major | - | Intermediate | Minor | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 82.16 | 83.04 | 84.58 | 85.46 | 87.00 | 87.88 | 89.42 |
| Camarilla | 85.47 | 85.69 | 85.91 | 86.13 | 86.35 | 86.57 | 86.80 |
| Woodie | 82.50 | 83.21 | 84.92 | 85.63 | 87.34 | 88.05 | 89.76 |
| Fibonacci | 83.04 | 83.96 | 84.53 | 85.46 | 86.38 | 86.95 | 87.88 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 73.96 | 77.57 | 81.46 | 85.07 | 88.96 | 92.57 | 96.46 |
| Camarilla | 83.29 | 83.98 | 84.66 | 85.35 | 86.04 | 86.73 | 87.41 |
| Woodie | 74.10 | 77.64 | 81.60 | 85.14 | 89.10 | 92.64 | 96.60 |
| Fibonacci | 77.57 | 80.44 | 82.21 | 85.07 | 87.94 | 89.71 | 92.57 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 52.37 | 66.49 | 76.09 | 90.21 | 99.81 | 113.93 | 123.53 |
| Camarilla | 79.18 | 81.35 | 83.53 | 85.70 | 87.87 | 90.05 | 92.22 |
| Woodie | 50.12 | 65.36 | 73.84 | 89.08 | 97.56 | 112.80 | 121.28 |
| Fibonacci | 66.49 | 75.55 | 81.15 | 90.21 | 99.27 | 104.87 | 113.93 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 57.06 | |
| MACD (12,26,9): | 0.2400 | |
| Directional Movement: | -1.72 | |
| AROON (14): | 64.28 | |
| DEMA (21): | 85.78 | |
| Parabolic SAR (0,02-0,02-0,2): | 85.50 | |
| Elder Ray (13): | 0.37 | |
| Super Trend (3,10): | 84.64 | |
| Zig ZAG (10): | 86.03 | |
| VORTEX (21): | 1.1700 | |
| Stochastique (14,3,5): | 84.62 | |
| TEMA (21): | 86.23 | |
| Williams %R (14): | -17.00 | |
| Chande Momentum Oscillator (20): | 0.74 | |
| Repulse (5,40,3): | -0.0900 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 3.73 |
| MA7: | 85.83 | |
| MA20: | 93.01 | |
| MA50: | 98.17 | |
| MA100: | 97.51 | |
| MAexp7: | 85.94 | |
| MAexp20: | 85.57 | |
| MAexp50: | 85.96 | |
| MAexp100: | 88.21 | |
| Price / MA7: | +0.10% | |
| Price / MA20: | -7.62% | |
| Price / MA50: | -12.48% | |
| Price / MA100: | -11.89% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | +0.41% | |
| Price / MAexp50: | -0.05% | |
| Price / MAexp100: | -2.60% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
The last news published on SANOFI at the time of the generation of this analysis was as follows:
- Press Release: Sanofi Enters Next Chapter of Play to Win Strategy
- Press Release: Sanofi delivers first medicines from Global Health Unit’s Impact brand portfolio
- Sanofi: Information concerning the total number of voting rights and shares - September 2023
- Press Release: Sanofi and Teva announce exclusive collaboration to deliver inflammatory bowel disease treatment
- Press Release: Sanofi announces agreement for potential first-in-class vaccine against extraintestinal pathogenic E. coli
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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