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 09/05/2023 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

67%

33%

My opinion

Bullish above 97.89 EUR

My targets

100.01 EUR (+0.29%)

101.40 EUR (+1.69%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on SANOFI as long as the price remains well above 97.89 EUR. The buyers' bullish objective is set at 100.01 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 101.40 EUR. If there is any crossing, the next objective would be the resistance located at 102.27 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

7.1

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 99.72 EUR. On the day, this instrument gained +1.72% and was traded between 97.93 EUR and 99.79 EUR over the period. The price is currently at +1.83% from its lowest and -0.07% from its highest.

97.93

99.79

99.72

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

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

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 SANOFI in 1H shows a strongly overall bullish trend. 82.14% 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. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Bullish trend reversal : 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

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Three white soldiers

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	95.89	97.89	99.39	99.72	100.16
Change (%)	-3.84%	-1.84%	-0.33%	-	+0.44%
Change	-3.83	-1.83	-0.33	-	+0.44
Level	Intermediate	Major	Intermediate	-	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	95.52	96.56	97.30	98.34	99.08	100.12	100.86
Camarilla	97.54	97.70	97.87	98.03	98.19	98.36	98.52
Woodie	95.36	96.49	97.14	98.27	98.92	100.05	100.70
Fibonacci	96.56	97.24	97.66	98.34	99.02	99.44	100.12

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	95.49	96.88	97.75	99.14	100.01	101.40	102.27
Camarilla	97.99	98.20	98.40	98.61	98.82	99.02	99.23
Woodie	95.22	96.75	97.48	99.01	99.74	101.27	102.00
Fibonacci	96.88	97.75	98.28	99.14	100.01	100.54	101.40

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	84.39	88.00	93.32	96.93	102.25	105.86	111.18
Camarilla	96.18	97.00	97.82	98.64	99.46	100.28	101.10
Woodie	85.25	88.43	94.18	97.36	103.11	106.29	112.04
Fibonacci	88.00	91.41	93.52	96.93	100.34	102.45	105.86

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):	63.78
MACD (12,26,9):	0.0000
Directional Movement:	14.33
AROON (14):	28.57
DEMA (21):	98.70
Parabolic SAR (0,02-0,02-0,2):	97.72
Elder Ray (13):	0.81
Super Trend (3,10):	98.16
Zig ZAG (10):	99.74
VORTEX (21):	1.1100
Stochastique (14,3,5):	91.54
TEMA (21):	98.82
Williams %R (14):	-1.84
Chande Momentum Oscillator (20):	0.75
Repulse (5,40,3):	1.2800
ROCnROLL:	1
TRIX (15,9):	-0.0300
Courbe Coppock:	0.03

MA7:	99.02
MA20:	98.26
MA50:	96.89
MA100:	96.64
MAexp7:	98.98
MAexp20:	98.78
MAexp50:	98.89
MAexp100:	98.69
Price / MA7:	+0.71%
Price / MA20:	+1.49%
Price / MA50:	+2.92%
Price / MA100:	+3.19%
Price / MAexp7:	+0.75%
Price / MAexp20:	+0.95%
Price / MAexp50:	+0.84%
Price / MAexp100:	+1.04%

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.

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