SANOFI - Daily - Technical analysis published on 12/03/2024 (GMT)
- 110
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
44%
33%
22%
My opinion
Bearish under 96.00 EUR
My targets
86.46 EUR (-5.62%)
81.83 EUR (-10.68%)
My analysis
The bearish trend is currently very strong for SANOFI. As long as the price remains below the resistance at 96.00 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 86.46 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 81.83 EUR as an objective. Crossing it would then enable sellers to target 78.19 EUR. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5.7
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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 rating is 91.61 EUR. The price is lower by -0.23% since the last closing with the lowest point at 91.41 EUR and the highest point at 92.28 EUR. The deviation from the price is +0.22% for the low point and -0.73% for the high point.91.41
92.28
91.61
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of SANOFI indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of channel
Type : Bullish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
White gravestone / inverted hammer
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 78.19 | 81.83 | 86.46 | 91.61 | 91.84 | 96.00 | 99.84 |
| Change (%) | -14.65% | -10.68% | -5.62% | - | +0.25% | +4.79% | +8.98% |
| Change | -13.42 | -9.78 | -5.15 | - | +0.23 | +4.39 | +8.23 |
| Level | Major | Minor | Major | - | Major | Major | Major |
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 | 90.08 | 90.54 | 91.18 | 91.64 | 92.28 | 92.74 | 93.38 |
| Camarilla | 91.52 | 91.62 | 91.72 | 91.82 | 91.92 | 92.02 | 92.12 |
| Woodie | 90.17 | 90.59 | 91.27 | 91.69 | 92.37 | 92.79 | 93.47 |
| Fibonacci | 90.54 | 90.96 | 91.22 | 91.64 | 92.06 | 92.32 | 92.74 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 88.67 | 89.88 | 90.99 | 92.20 | 93.31 | 94.52 | 95.63 |
| Camarilla | 91.45 | 91.67 | 91.88 | 92.09 | 92.30 | 92.52 | 92.73 |
| Woodie | 88.61 | 89.86 | 90.93 | 92.18 | 93.25 | 94.50 | 95.57 |
| Fibonacci | 89.88 | 90.77 | 91.32 | 92.20 | 93.09 | 93.64 | 94.52 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 79.53 | 84.85 | 88.47 | 93.79 | 97.41 | 102.73 | 106.35 |
| Camarilla | 89.63 | 90.45 | 91.27 | 92.09 | 92.91 | 93.73 | 94.55 |
| Woodie | 78.68 | 84.43 | 87.62 | 93.37 | 96.56 | 102.31 | 105.50 |
| Fibonacci | 84.85 | 88.27 | 90.38 | 93.79 | 97.21 | 99.32 | 102.73 |
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): | 35.60 | |
| MACD (12,26,9): | -1.6500 | |
| Directional Movement: | -14.51 | |
| AROON (14): | -14.29 | |
| DEMA (21): | 90.99 | |
| Parabolic SAR (0,02-0,02-0,2): | 92.35 | |
| Elder Ray (13): | -0.64 | |
| Super Trend (3,10): | 95.30 | |
| Zig ZAG (10): | 91.60 | |
| VORTEX (21): | 0.7700 | |
| Stochastique (14,3,5): | 35.32 | |
| TEMA (21): | 90.80 | |
| Williams %R (14): | -66.67 | |
| Chande Momentum Oscillator (20): | 0.27 | |
| Repulse (5,40,3): | 0.7000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2900 | |
| Courbe Coppock: | 5.53 |
| MA7: | 92.06 | |
| MA20: | 92.96 | |
| MA50: | 97.39 | |
| MA100: | 98.30 | |
| MAexp7: | 91.98 | |
| MAexp20: | 93.31 | |
| MAexp50: | 95.88 | |
| MAexp100: | 96.20 | |
| Price / MA7: | -0.49% | |
| Price / MA20: | -1.45% | |
| Price / MA50: | -5.93% | |
| Price / MA100: | -6.81% | |
| Price / MAexp7: | -0.40% | |
| Price / MAexp20: | -1.82% | |
| Price / MAexp50: | -4.45% | |
| Price / MAexp100: | -4.77% |
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:
- Sanofi: Information concerning the total number of voting rights and shares - October 2024
- Press Release: Dupixent approved in the EU as the first and only medicine for young children with eosinophilic esophagitis
- Press Release: Dupixent late-breaking positive phase 3 data in chronic spontaneous urticaria to be presented at ACAAI
- Press Release: Sanofi and CD&R partner to fuel Opella’s ambitions in consumer healthcare
- Press Release: New Beyfortus data featured at IDWeek reinforce real-world effectiveness against RSV disease and hospitalization in infants
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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