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 11/19/2024 (GMT)

Londinia

I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

61%

11%

28%

My opinion

Bearish under 94.42 EUR

My targets

90.18 EUR (-2.10%)

86.46 EUR (-6.13%)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on SANOFI. As long as you are under the resistance located at 94.42 EUR, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 90.18 EUR would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 86.46 EUR as an objective. Crossing it would then enable sellers to target 81.98 EUR. If the resistance 94.42 EUR were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.

Force

1.6

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.

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Additional analysis

Quotes

The SANOFI rating is 92.11 EUR. On the day, this instrument gained +0.70% and was traded between 91.94 EUR and 92.34 EUR over the period. The price is currently at +0.18% from its lowest and -0.25% from its highest.

91.94

92.34

92.11

The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.

Opening Gap UP

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by SANOFI:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of SANOFI indicates that the overall trend is bearish. The signals given by moving averages are 75.00% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour

The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:

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 1

Type : Neutral

Timeframe : 1 hour

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour

Aroon indicator bullish trend

Type : Bullish

Timeframe : 1 hour

The analysis of the price chart with Central Patterns scanners does not return any result.

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Upside gap

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	86.46	90.18	91.84	92.11	94.42	96.00	97.48
Change (%)	-6.13%	-2.10%	-0.29%	-	+2.51%	+4.22%	+5.83%
Change	-5.65	-1.93	-0.27	-	+2.31	+3.89	+5.37
Level	Major	Intermediate	Intermediate	-	Minor	Major	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	90.11	90.46	90.96	91.31	91.81	92.16	92.66
Camarilla	91.24	91.31	91.39	91.47	91.55	91.63	91.70
Woodie	90.20	90.50	91.05	91.35	91.90	92.20	92.75
Fibonacci	90.46	90.78	90.98	91.31	91.63	91.83	92.16

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	82.81	86.49	88.90	92.58	94.99	98.67	101.08
Camarilla	89.64	90.19	90.75	91.31	91.87	92.43	92.99
Woodie	82.18	86.17	88.27	92.26	94.36	98.35	100.45
Fibonacci	86.49	88.82	90.25	92.58	94.91	96.34	98.67

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	86.58	91.62	94.37	99.41	102.16	107.20	109.95
Camarilla	94.97	95.68	96.40	97.11	97.82	98.54	99.25
Woodie	85.43	91.05	93.22	98.84	101.01	106.63	108.80
Fibonacci	91.62	94.60	96.44	99.41	102.39	104.23	107.20

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):	50.51
MACD (12,26,9):	-0.5500
Directional Movement:	-4.33
AROON (14):	85.71
DEMA (21):	90.92
Parabolic SAR (0,02-0,02-0,2):	92.52
Elder Ray (13):	0.65
Super Trend (3,10):	92.55
Zig ZAG (10):	92.12
VORTEX (21):	0.9800
Stochastique (14,3,5):	75.48
TEMA (21):	91.04
Williams %R (14):	-12.44
Chande Momentum Oscillator (20):	1.57
Repulse (5,40,3):	0.4600
ROCnROLL:	-1
TRIX (15,9):	-0.1200
Courbe Coppock:	1.01

MA7:	93.40
MA20:	96.33
MA50:	99.71
MA100:	98.34
MAexp7:	91.47
MAexp20:	91.75
MAexp50:	93.01
MAexp100:	94.55
Price / MA7:	-1.38%
Price / MA20:	-4.38%
Price / MA50:	-7.62%
Price / MA100:	-6.34%
Price / MAexp7:	+0.70%
Price / MAexp20:	+0.39%
Price / MAexp50:	-0.97%
Price / MAexp100:	-2.58%

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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