SANOFI - Daily - Technical analysis published on 11/30/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
44%
33%
22%
My opinion
Bearish under 89.01 EUR
My targets
81.44 EUR (-3.76%)
74.18 EUR (-12.34%)
My analysis
The bearish trend is currently very strong for SANOFI. As long as the price remains below the resistance at 89.01 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 81.44 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 74.18 EUR as an objective. Crossing it would then enable sellers to target 67.27 EUR. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.7
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SANOFI rating is 84.62 EUR. On the day, this instrument lost -0.30% with the lowest point at 84.53 EUR and the highest point at 85.32 EUR. The deviation from the price is +0.11% for the low point and -0.82% for the high point.84.53
85.32
84.62
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by SANOFI:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of SANOFI indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : Daily
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 74.18 | 81.44 | 84.16 | 84.62 | 89.01 | 92.24 | 100.16 |
| Change (%) | -12.34% | -3.76% | -0.54% | - | +5.19% | +9.00% | +18.36% |
| Change | -10.44 | -3.18 | -0.46 | - | +4.39 | +7.62 | +15.54 |
| Level | Major | Intermediate | Major | - | Intermediate | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 83.08 | 83.98 | 84.42 | 85.32 | 85.76 | 86.66 | 87.10 |
| Camarilla | 84.50 | 84.62 | 84.75 | 84.87 | 84.99 | 85.12 | 85.24 |
| Woodie | 82.86 | 83.87 | 84.20 | 85.21 | 85.54 | 86.55 | 86.88 |
| Fibonacci | 83.98 | 84.49 | 84.81 | 85.32 | 85.83 | 86.15 | 86.66 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 83.55 | 84.17 | 85.28 | 85.90 | 87.01 | 87.63 | 88.74 |
| Camarilla | 85.90 | 86.06 | 86.22 | 86.38 | 86.54 | 86.70 | 86.86 |
| Woodie | 83.79 | 84.29 | 85.52 | 86.02 | 87.25 | 87.75 | 88.98 |
| Fibonacci | 84.17 | 84.83 | 85.24 | 85.90 | 86.56 | 86.97 | 87.63 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 37.25 | |
| MACD (12,26,9): | -2.0200 | |
| Directional Movement: | -13.76 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 83.58 | |
| Parabolic SAR (0,02-0,02-0,2): | 83.83 | |
| Elder Ray (13): | -0.77 | |
| Super Trend (3,10): | 89.50 | |
| Zig ZAG (10): | 84.72 | |
| VORTEX (21): | 0.9100 | |
| Stochastique (14,3,5): | 32.69 | |
| TEMA (21): | 84.18 | |
| Williams %R (14): | -75.86 | |
| Chande Momentum Oscillator (20): | 0.06 | |
| Repulse (5,40,3): | -3.5600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.4400 | |
| Courbe Coppock: | 0.57 |
| MA7: | 85.62 | |
| MA20: | 85.33 | |
| MA50: | 93.48 | |
| MA100: | 95.83 | |
| MAexp7: | 85.37 | |
| MAexp20: | 86.69 | |
| MAexp50: | 90.93 | |
| MAexp100: | 93.46 | |
| Price / MA7: | -1.17% | |
| Price / MA20: | -0.83% | |
| Price / MA50: | -9.48% | |
| Price / MA100: | -11.70% | |
| Price / MAexp7: | -0.88% | |
| Price / MAexp20: | -2.39% | |
| Price / MAexp50: | -6.94% | |
| Price / MAexp100: | -9.46% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
The latest news and videos published on SANOFI at the time of the analysis were as follows:
- Press Release: Dupixent® significantly reduced COPD exacerbations in second positive Phase 3 trial, accelerating FDA submission and confirming potential to become first approved biologic for this serious disease
- Sanofi: Information concerning the total number of voting rights and shares - October 2023
- 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
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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