SANOFI - 1H - Technical analysis published on 02/14/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 85.51 EUR
My targets
84.16 EUR (-1.01%)
81.44 EUR (-4.21%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on SANOFI as long as the price remains well below 85.51 EUR. The sellers' bearish objective is set at 84.16 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 81.44 EUR. In case of crossing, the next objective would be the support located at 77.70 EUR. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.3
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SANOFI price is 85.02 EUR. The price is lower by -0.78% since the last closing with the lowest point at 85.02 EUR and the highest point at 85.60 EUR. The deviation from the price is 0% for the low point and -0.68% for the high point.85.02
85.60
85.02
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by SANOFI:
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this SANOFI chart shows a sharp bearish trend. 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 does not detect any result on moving averages that would impact this trend.
In fact, 10 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near support of channel
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 77.70 | 81.44 | 84.16 | 85.02 | 85.51 | 86.62 | 89.01 |
| Change (%) | -8.61% | -4.21% | -1.01% | - | +0.58% | +1.88% | +4.69% |
| Change | -7.32 | -3.58 | -0.86 | - | +0.49 | +1.60 | +3.99 |
| Level | Minor | Intermediate | Intermediate | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 84.19 | 84.86 | 85.27 | 85.94 | 86.35 | 87.02 | 87.43 |
| Camarilla | 85.39 | 85.49 | 85.59 | 85.69 | 85.79 | 85.89 | 85.99 |
| Woodie | 84.07 | 84.80 | 85.15 | 85.88 | 86.23 | 86.96 | 87.31 |
| Fibonacci | 84.86 | 85.27 | 85.52 | 85.94 | 86.35 | 86.60 | 87.02 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 82.64 | 84.07 | 85.29 | 86.72 | 87.94 | 89.37 | 90.59 |
| Camarilla | 85.77 | 86.01 | 86.26 | 86.50 | 86.74 | 86.99 | 87.23 |
| Woodie | 82.53 | 84.02 | 85.18 | 86.67 | 87.83 | 89.32 | 90.48 |
| Fibonacci | 84.07 | 85.09 | 85.71 | 86.72 | 87.74 | 88.36 | 89.37 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 83.37 | 86.63 | 89.99 | 93.25 | 96.61 | 99.87 | 103.23 |
| Camarilla | 91.54 | 92.15 | 92.75 | 93.36 | 93.97 | 94.57 | 95.18 |
| Woodie | 83.43 | 86.66 | 90.05 | 93.28 | 96.67 | 99.90 | 103.29 |
| Fibonacci | 86.63 | 89.16 | 90.72 | 93.25 | 95.78 | 97.34 | 99.87 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 32.62 | |
| MACD (12,26,9): | -0.3100 | |
| Directional Movement: | -17.16 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 85.34 | |
| Parabolic SAR (0,02-0,02-0,2): | 86.31 | |
| Elder Ray (13): | -0.48 | |
| Super Trend (3,10): | 86.01 | |
| Zig ZAG (10): | 85.08 | |
| VORTEX (21): | 0.8900 | |
| Stochastique (14,3,5): | 6.06 | |
| TEMA (21): | 85.28 | |
| Williams %R (14): | -100.00 | |
| Chande Momentum Oscillator (20): | -1.49 | |
| Repulse (5,40,3): | -0.3300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 1.47 |
| MA7: | 86.24 | |
| MA20: | 89.93 | |
| MA50: | 90.22 | |
| MA100: | 91.70 | |
| MAexp7: | 85.33 | |
| MAexp20: | 85.72 | |
| MAexp50: | 86.39 | |
| MAexp100: | 87.75 | |
| Price / MA7: | -1.41% | |
| Price / MA20: | -5.46% | |
| Price / MA50: | -5.76% | |
| Price / MA100: | -7.28% | |
| Price / MAexp7: | -0.36% | |
| Price / MAexp20: | -0.82% | |
| Price / MAexp50: | -1.59% | |
| Price / MAexp100: | -3.11% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
Don't forget to follow the news on SANOFI. At the time of publication of this analysis, the latest news was as follows:
- Press Release: Sanofi Delivers Solid Sales and Business EPS Growth at CER Amidst Successful Product Launches and Advancements in Immunology Pipeline
- Press Release: Brian Foard appointed Head of Specialty Care Global Business Unit, member of Sanofi Executive Committee
- Sanofi: Information concerning the total number of voting rights and shares - November 2023
- Press Release: Availability of the Q4 2023 Memorandum for modelling purposes
- Press Release: Statement on FTC challenge to proposed license agreement with Maze Therapeutics
This member declared not having a position on this financial instrument or a related financial instrument.
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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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