SANOFI - Daily - Technical analysis published on 08/14/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 91.85 EUR
My targets
99.84 EUR (+3.50%)
My analysis
SANOFI is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 91.85 EUR. The next resistance located at 99.84 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
0
10
7.9
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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 96.46 EUR. On the day, this instrument lost -0.66% and was between 96.24 EUR and 97.46 EUR. This implies that the price is at +0.23% from its lowest and at -1.03% from its highest.96.24
97.46
96.46
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
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 Daily chart of SANOFI indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The technical indicators are bullish. There is still some doubt about the price increase.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of channel
Type : Bearish
Timeframe : Daily
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Dark cloud cover
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 88.09 | 91.85 | 96.00 | 96.46 | 97.49 | 99.84 |
| Change (%) | -8.68% | -4.78% | -0.48% | - | +1.07% | +3.50% |
| Change | -8.37 | -4.61 | -0.46 | - | +1.03 | +3.38 |
| Level | Minor | Major | Intermediate | - | 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 | 95.02 | 95.49 | 96.30 | 96.77 | 97.58 | 98.05 | 98.86 |
| Camarilla | 96.75 | 96.87 | 96.98 | 97.10 | 97.22 | 97.34 | 97.45 |
| Woodie | 95.18 | 95.58 | 96.46 | 96.86 | 97.74 | 98.14 | 99.02 |
| Fibonacci | 95.49 | 95.98 | 96.28 | 96.77 | 97.26 | 97.56 | 98.05 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 88.44 | 90.20 | 93.23 | 94.99 | 98.02 | 99.78 | 102.81 |
| Camarilla | 94.93 | 95.37 | 95.81 | 96.25 | 96.69 | 97.13 | 97.57 |
| Woodie | 89.07 | 90.52 | 93.86 | 95.31 | 98.65 | 100.10 | 103.44 |
| Fibonacci | 90.20 | 92.03 | 93.16 | 94.99 | 96.82 | 97.95 | 99.78 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 82.24 | 86.00 | 90.67 | 94.43 | 99.10 | 102.86 | 107.53 |
| Camarilla | 93.01 | 93.79 | 94.56 | 95.33 | 96.10 | 96.88 | 97.65 |
| Woodie | 82.69 | 86.23 | 91.12 | 94.66 | 99.55 | 103.09 | 107.98 |
| Fibonacci | 86.00 | 89.22 | 91.21 | 94.43 | 97.65 | 99.64 | 102.86 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 58.50 | |
| MACD (12,26,9): | 1.1000 | |
| Directional Movement: | 15.54 | |
| AROON (14): | -14.28 | |
| DEMA (21): | 96.43 | |
| Parabolic SAR (0,02-0,02-0,2): | 97.53 | |
| Elder Ray (13): | 1.35 | |
| Super Trend (3,10): | 91.71 | |
| Zig ZAG (10): | 96.39 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 71.59 | |
| TEMA (21): | 96.54 | |
| Williams %R (14): | -29.46 | |
| Chande Momentum Oscillator (20): | 0.62 | |
| Repulse (5,40,3): | 0.3000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1800 | |
| Courbe Coppock: | 3.22 |
| MA7: | 95.67 | |
| MA20: | 95.02 | |
| MA50: | 92.27 | |
| MA100: | 89.83 | |
| MAexp7: | 95.99 | |
| MAexp20: | 94.94 | |
| MAexp50: | 92.90 | |
| MAexp100: | 91.03 | |
| Price / MA7: | +0.83% | |
| Price / MA20: | +1.52% | |
| Price / MA50: | +4.54% | |
| Price / MA100: | +7.38% | |
| Price / MAexp7: | +0.49% | |
| Price / MAexp20: | +1.60% | |
| Price / MAexp50: | +3.83% | |
| Price / MAexp100: | +5.97% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
The last news published on SANOFI at the time of the generation of this analysis was as follows:
- Sanofi: Information concerning the total number of voting rights and shares - July 2024
- Press Release: Sarclisa induction treatment demonstrated significantly improved progression-free survival in patients with newly diagnosed multiple myeloma eligible for transplant
- Press Release: NEJM publishes ALTUVIIIO XTEND-Kids phase 3 data supporting its potential to transform the treatment landscape for children with severe hemophilia A
- 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
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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