SANOFI

- EUR (-)

- 15 min delayed data - Euronext Paris

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	SAN
ISIN:	FR0000120578

SANOFI - Daily - Technical analysis published on 07/03/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

72%

11%

17%

My opinion

Bullish above 88.58 EUR

My targets

91.84 EUR (+1.63%)

96.00 EUR (+6.23%)

My analysis

The basic bullish trend is very strong on SANOFI but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 88.58 EUR. Crossing the first resistance at 91.84 EUR would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 96.00 EUR as an objective. Crossing it would then enable buyers to target 99.84 EUR. Caution, a return to below 88.58 EUR would be a sign of a consolidation phase in the short-term basic trend. 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.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

7.3

Comment on the analysis

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.

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Additional analysis

Quotes

The SANOFI rating is 90.37 EUR. The price is lower by -0.08% since the last closing and was between 90.24 EUR and 91.00 EUR. This implies that the price is at +0.14% from its lowest and at -0.69% from its highest.

90.24

91.00

90.37

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this SANOFI chart shows a strongly bullish trend. The signals given by moving averages are 89.29% bullish. This strongly bullish trend seems to be running out of steam given the signals being 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, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	83.25	86.33	88.58	90.37	91.84	96.00	99.84
Change (%)	-7.88%	-4.47%	-1.98%	-	+1.63%	+6.23%	+10.48%
Change	-7.12	-4.04	-1.79	-	+1.47	+5.63	+9.47
Level	Intermediate	Major	Intermediate	-	Major	Major	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	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 technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	53.87
MACD (12,26,9):	0.4400
Directional Movement:	13.35
AROON (14):	50.00
DEMA (21):	90.23
Parabolic SAR (0,02-0,02-0,2):	87.96
Elder Ray (13):	0.67
Super Trend (3,10):	92.03
Zig ZAG (10):	90.42
VORTEX (21):	0.9400
Stochastique (14,3,5):	73.31
TEMA (21):	90.31
Williams %R (14):	-33.83
Chande Momentum Oscillator (20):	2.75
Repulse (5,40,3):	-1.8000
ROCnROLL:	1
TRIX (15,9):	0.0300
Courbe Coppock:	2.79

MA7:	90.59
MA20:	89.46
MA50:	89.34
MA100:	86.84
MAexp7:	90.32
MAexp20:	89.71
MAexp50:	88.88
MAexp100:	88.15
Price / MA7:	-0.24%
Price / MA20:	+1.02%
Price / MA50:	+1.15%
Price / MA100:	+4.06%
Price / MAexp7:	+0.06%
Price / MAexp20:	+0.74%
Price / MAexp50:	+1.68%
Price / MAexp100:	+2.52%

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:

This member declared not having a position on this financial instrument or a related financial instrument.

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