SANOFI - 1H - Technical analysis published on 06/21/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Neutral
Technical indicators
78%
6%
17%
My opinion
Bullish above 87.04 EUR
My targets
88.58 EUR (+0.59%)
89.70 EUR (+1.86%)
My analysis
The current short-term bullish trend should quickly fix the basic bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for SANOFI as long as the price remains well above 87.04 EUR. The buyers' bullish objective is set at 88.58 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 89.70 EUR. If there is any crossing, the next objective would be the resistance located at 90.43 EUR.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
3.8
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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 rating is 88.06 EUR. On the day, this instrument lost -0.06% and was traded between 87.48 EUR and 88.78 EUR over the period. The price is currently at +0.66% from its lowest and -0.81% from its highest.87.48
88.78
88.06
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:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of SANOFI indicates that the overall trend is not clearly defined. This indecision could turn into a bullish trend due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
Technical indicators are strongly bullish, suggesting that the price increase should continue.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
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 | 85.94 | 87.04 | 87.85 | 88.06 | 88.58 | 89.70 | 90.43 |
| Change (%) | -2.41% | -1.16% | -0.24% | - | +0.59% | +1.86% | +2.69% |
| Change | -2.12 | -1.02 | -0.21 | - | +0.52 | +1.64 | +2.37 |
| Level | Intermediate | Intermediate | Minor | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 85.78 | 86.24 | 87.18 | 87.64 | 88.58 | 89.04 | 89.98 |
| Camarilla | 87.73 | 87.85 | 87.98 | 88.11 | 88.24 | 88.37 | 88.50 |
| Woodie | 86.01 | 86.36 | 87.41 | 87.76 | 88.81 | 89.16 | 90.21 |
| Fibonacci | 86.24 | 86.78 | 87.11 | 87.64 | 88.18 | 88.51 | 89.04 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 79.36 | 82.90 | 84.66 | 88.20 | 89.96 | 93.50 | 95.26 |
| Camarilla | 84.97 | 85.46 | 85.94 | 86.43 | 86.92 | 87.40 | 87.89 |
| Woodie | 78.48 | 82.46 | 83.78 | 87.76 | 89.08 | 93.06 | 94.38 |
| Fibonacci | 82.90 | 84.92 | 86.17 | 88.20 | 90.22 | 91.47 | 93.50 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 80.58 | 83.79 | 86.78 | 89.99 | 92.98 | 96.19 | 99.18 |
| Camarilla | 88.06 | 88.62 | 89.19 | 89.76 | 90.33 | 90.90 | 91.47 |
| Woodie | 80.46 | 83.74 | 86.66 | 89.94 | 92.86 | 96.14 | 99.06 |
| Fibonacci | 83.79 | 86.16 | 87.63 | 89.99 | 92.36 | 93.83 | 96.19 |
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): | 55.82 | |
| MACD (12,26,9): | 0.1200 | |
| Directional Movement: | 9.83 | |
| AROON (14): | 64.28 | |
| DEMA (21): | 87.84 | |
| Parabolic SAR (0,02-0,02-0,2): | 87.50 | |
| Elder Ray (13): | 0.23 | |
| Super Trend (3,10): | 86.74 | |
| Zig ZAG (10): | 88.01 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 58.13 | |
| TEMA (21): | 88.04 | |
| Williams %R (14): | -38.65 | |
| Chande Momentum Oscillator (20): | 0.96 | |
| Repulse (5,40,3): | 0.2400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 1.64 |
| MA7: | 87.64 | |
| MA20: | 89.03 | |
| MA50: | 88.22 | |
| MA100: | 86.37 | |
| MAexp7: | 87.94 | |
| MAexp20: | 87.73 | |
| MAexp50: | 87.84 | |
| MAexp100: | 88.32 | |
| Price / MA7: | +0.48% | |
| Price / MA20: | -1.09% | |
| Price / MA50: | -0.18% | |
| Price / MA100: | +1.96% | |
| Price / MAexp7: | +0.14% | |
| Price / MAexp20: | +0.38% | |
| Price / MAexp50: | +0.25% | |
| Price / MAexp100: | -0.29% |
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: ISTH: Sanofi advances leadership in hemophilia with new data for ALTUVIIIO and fitusiran
- Press Release: Sarclisa accepted for FDA priority review for the treatment of transplant-ineligible newly diagnosed multiple myeloma
- Press Release: Sanofi, Formation Bio and OpenAI announce first-in-class AI collaboration
- Press Release: Dupixent® late-breaking data from NOTUS confirmatory phase 3 COPD study presented at ATS and published in NEJM
- Press Release: Sanofi and Novavax announce co-exclusive licensing agreement to co-commercialize COVID-19 vaccine and develop novel flu-COVID-19 combination vaccines
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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