SANOFI

- EUR (-)

- 15 min delayed data - Euronext Paris

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	SAN
ISIN:	FR0000120578

SANOFI - 1H - Technical analysis published on 09/02/2024 (GMT)

Timeframe : 1H
- Analysis generated on
Status : WITHOUT TARGET

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

11%

My opinion

Bullish above 102.18 EUR

My targets

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 102.18 EUR. 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.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.6

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.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The SANOFI price is 104.66 EUR. The price registered an increase of +3.42% on the session with the lowest point at 102.94 EUR and the highest point at 105.70 EUR. The deviation from the price is +1.67% for the low point and -0.98% for the high point.

102.94

105.70

104.66

The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.

Opening Gap UP

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:

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of SANOFI indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	97.49	99.84	102.18	104.66
Change (%)	-6.85%	-4.61%	-2.37%	-
Change	-7.17	-4.82	-2.48	-
Level	Intermediate	Major	Intermediate	-

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	99.69	100.39	100.79	101.49	101.89	102.59	102.99
Camarilla	100.90	101.00	101.10	101.20	101.30	101.40	101.50
Woodie	99.55	100.32	100.65	101.42	101.75	102.52	102.85
Fibonacci	100.39	100.81	101.07	101.49	101.91	102.17	102.59

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	97.88	98.93	100.07	101.12	102.26	103.31	104.45
Camarilla	100.60	100.80	101.00	101.20	101.40	101.60	101.80
Woodie	97.92	98.95	100.11	101.14	102.30	103.33	104.49
Fibonacci	98.93	99.77	100.29	101.12	101.96	102.48	103.31

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	84.51	88.24	94.72	98.45	104.93	108.66	115.14
Camarilla	98.39	99.33	100.26	101.20	102.14	103.07	104.01
Woodie	85.89	88.93	96.10	99.14	106.31	109.35	116.52
Fibonacci	88.24	92.14	94.55	98.45	102.35	104.76	108.66

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):	73.43
MACD (12,26,9):	0.9300
Directional Movement:	37.79
AROON (14):	35.71
DEMA (21):	103.98
Parabolic SAR (0,02-0,02-0,2):	101.61
Elder Ray (13):	1.52
Super Trend (3,10):	102.74
Zig ZAG (10):	104.68
VORTEX (21):	1.1100
Stochastique (14,3,5):	80.81
TEMA (21):	104.48
Williams %R (14):	-22.94
Chande Momentum Oscillator (20):	2.90
Repulse (5,40,3):	0.2200
ROCnROLL:	1
TRIX (15,9):	0.0800
Courbe Coppock:	4.65

MA7:	101.45
MA20:	98.63
MA50:	95.23
MA100:	91.80
MAexp7:	104.08
MAexp20:	102.91
MAexp50:	101.72
MAexp100:	100.49
Price / MA7:	+3.16%
Price / MA20:	+6.11%
Price / MA50:	+9.90%
Price / MA100:	+14.01%
Price / MAexp7:	+0.56%
Price / MAexp20:	+1.70%
Price / MAexp50:	+2.89%
Price / MAexp100:	+4.15%

Quotes : - 15 min delayed data - Euronext Paris

News

The latest news and videos published on SANOFI at the time of the analysis were as follows:

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

About author

Londinia AI

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