SANOFI - 1H - Technical analysis published on 07/03/2024 (GMT)
- 132
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Slightly bullish
Technical indicators
11%
78%
11%
My opinion
Neutral between 89.71 EUR and 90.82 EUR
My targets
-
My analysis
The short-term decline on SANOFI remains moderate but it could call into question the slightly bullish basic trend. It is difficult to advise a trading direction under these conditions. The first support is located at 89.71 EUR. The first resistance is located at 90.82 EUR. You could remain on the sidelines waiting for a more pronounced price movement on this instrument. A new analysis could then be carried out to provide clearer signals.
In the very short term, technical indicators are bearish and could soon allow change to a bearish sentiment.
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Additional analysis
Quotes
The SANOFI rating is 90.33 EUR. The price registered a decrease of -0.12% on the session and was between 90.24 EUR and 91.00 EUR. This implies that the price is at +0.10% from its lowest and at -0.74% from its highest.90.24
91.00
90.33
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of SANOFI in 1H shows an overall slightly bullish trend. Only 53.57% of the signals given by moving averages are bullish. This slightly bullish trend could turn neutral or reverse given the slightly bearish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators shows a strong bearish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
MACD indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
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 | 87.97 | 88.58 | 89.71 | 90.33 | 90.82 | 91.84 | 92.71 |
| Change (%) | -2.61% | -1.94% | -0.69% | - | +0.54% | +1.67% | +2.63% |
| Change | -2.36 | -1.75 | -0.62 | - | +0.49 | +1.51 | +2.38 |
| Level | Minor | Intermediate | Major | - | Minor | Major | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 88.80 | 89.62 | 90.03 | 90.85 | 91.26 | 92.08 | 92.49 |
| Camarilla | 90.10 | 90.22 | 90.33 | 90.44 | 90.55 | 90.67 | 90.78 |
| Woodie | 88.60 | 89.52 | 89.83 | 90.75 | 91.06 | 91.98 | 92.29 |
| Fibonacci | 89.62 | 90.09 | 90.38 | 90.85 | 91.32 | 91.61 | 92.08 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 82.23 | 84.88 | 87.41 | 90.06 | 92.59 | 95.24 | 97.77 |
| Camarilla | 88.52 | 88.99 | 89.47 | 89.94 | 90.42 | 90.89 | 91.37 |
| Woodie | 82.17 | 84.85 | 87.35 | 90.03 | 92.53 | 95.21 | 97.71 |
| Fibonacci | 84.88 | 86.86 | 88.08 | 90.06 | 92.04 | 93.26 | 95.24 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 79.58 | 82.76 | 86.35 | 89.53 | 93.12 | 96.30 | 99.89 |
| Camarilla | 88.08 | 88.70 | 89.32 | 89.94 | 90.56 | 91.18 | 91.80 |
| Woodie | 79.79 | 82.86 | 86.56 | 89.63 | 93.33 | 96.40 | 100.10 |
| Fibonacci | 82.76 | 85.35 | 86.94 | 89.53 | 92.12 | 93.71 | 96.30 |
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): | 42.53 | |
| MACD (12,26,9): | -0.0300 | |
| Directional Movement: | -4.38 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 90.91 | |
| Parabolic SAR (0,02-0,02-0,2): | 92.15 | |
| Elder Ray (13): | -0.32 | |
| Super Trend (3,10): | 91.98 | |
| Zig ZAG (10): | 90.31 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 7.08 | |
| TEMA (21): | 90.69 | |
| Williams %R (14): | -96.59 | |
| Chande Momentum Oscillator (20): | -1.82 | |
| Repulse (5,40,3): | -1.0400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 1.61 |
| MA7: | 90.58 | |
| MA20: | 89.45 | |
| MA50: | 89.34 | |
| MA100: | 86.84 | |
| MAexp7: | 90.68 | |
| MAexp20: | 90.85 | |
| MAexp50: | 90.56 | |
| MAexp100: | 90.02 | |
| Price / MA7: | -0.28% | |
| Price / MA20: | +0.98% | |
| Price / MA50: | +1.11% | |
| Price / MA100: | +4.02% | |
| Price / MAexp7: | -0.39% | |
| Price / MAexp20: | -0.57% | |
| Price / MAexp50: | -0.25% | |
| Price / MAexp100: | +0.34% |
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: Dupixent positive phase 3 data in children one to 11 years of age with eosinophilic esophagitis published in NEJM
- Press Release: Availability of the Q2 2024 Aide-mémoire
- 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
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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