SANOFI - 1H - Technical analysis published on 02/05/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
72%
17%
My opinion
Bearish under 89.01 EUR
My targets
86.62 EUR (-1.04%)
84.16 EUR (-3.85%)
My analysis
The bearish trend is currently very strong for SANOFI. As long as the price remains below the resistance at 89.01 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 86.62 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 84.16 EUR as an objective. Crossing it would then enable sellers to target 81.44 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, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
8
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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 87.53 EUR. The price is lower by -0.05% since the last closing and was between 87.16 EUR and 87.80 EUR. This implies that the price is at +0.42% from its lowest and at -0.31% from its highest.87.16
87.80
87.53
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
Opening Gap DOWN
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:
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this SANOFI chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a strong bearish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 81.44 | 84.16 | 86.62 | 87.53 | 89.01 | 90.80 | 92.26 |
| Change (%) | -6.96% | -3.85% | -1.04% | - | +1.69% | +3.74% | +5.40% |
| Change | -6.09 | -3.37 | -0.91 | - | +1.48 | +3.27 | +4.73 |
| Level | Intermediate | Intermediate | Minor | - | Minor | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 85.05 | 86.31 | 86.94 | 88.20 | 88.83 | 90.09 | 90.72 |
| Camarilla | 87.05 | 87.22 | 87.40 | 87.57 | 87.74 | 87.92 | 88.09 |
| Woodie | 84.74 | 86.15 | 86.63 | 88.04 | 88.52 | 89.93 | 90.41 |
| Fibonacci | 86.31 | 87.03 | 87.48 | 88.20 | 88.92 | 89.37 | 90.09 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 78.61 | 83.09 | 85.33 | 89.81 | 92.05 | 96.53 | 98.77 |
| Camarilla | 85.72 | 86.34 | 86.95 | 87.57 | 88.19 | 88.80 | 89.42 |
| Woodie | 77.49 | 82.53 | 84.21 | 89.25 | 90.93 | 95.97 | 97.65 |
| Fibonacci | 83.09 | 85.66 | 87.24 | 89.81 | 92.38 | 93.96 | 96.53 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 83.37 | 86.63 | 89.99 | 93.25 | 96.61 | 99.87 | 103.23 |
| Camarilla | 91.54 | 92.15 | 92.75 | 93.36 | 93.97 | 94.57 | 95.18 |
| Woodie | 83.43 | 86.66 | 90.05 | 93.28 | 96.67 | 99.90 | 103.29 |
| Fibonacci | 86.63 | 89.16 | 90.72 | 93.25 | 95.78 | 97.34 | 99.87 |
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): | 24.31 | |
| MACD (12,26,9): | -1.1300 | |
| Directional Movement: | -27.45 | |
| AROON (14): | -100.00 | |
| DEMA (21): | 88.13 | |
| Parabolic SAR (0,02-0,02-0,2): | 89.00 | |
| Elder Ray (13): | -1.43 | |
| Super Trend (3,10): | 89.59 | |
| Zig ZAG (10): | 87.69 | |
| VORTEX (21): | 0.6200 | |
| Stochastique (14,3,5): | 6.35 | |
| TEMA (21): | 87.50 | |
| Williams %R (14): | -85.27 | |
| Chande Momentum Oscillator (20): | -2.55 | |
| Repulse (5,40,3): | -0.5400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1500 | |
| Courbe Coppock: | 6.12 |
| MA7: | 90.75 | |
| MA20: | 93.04 | |
| MA50: | 90.17 | |
| MA100: | 92.83 | |
| MAexp7: | 88.24 | |
| MAexp20: | 89.52 | |
| MAexp50: | 90.93 | |
| MAexp100: | 91.84 | |
| Price / MA7: | -3.55% | |
| Price / MA20: | -5.92% | |
| Price / MA50: | -2.93% | |
| Price / MA100: | -5.71% | |
| Price / MAexp7: | -0.80% | |
| Price / MAexp20: | -2.22% | |
| Price / MAexp50: | -3.74% | |
| Price / MAexp100: | -4.69% |
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:
- Press Release: Sanofi Delivers Solid Sales and Business EPS Growth at CER Amidst Successful Product Launches and Advancements in Immunology Pipeline
- Press Release: Brian Foard appointed Head of Specialty Care Global Business Unit, member of Sanofi Executive Committee
- Sanofi: Information concerning the total number of voting rights and shares - November 2023
- Press Release: Availability of the Q4 2023 Memorandum for modelling purposes
- Press Release: Statement on FTC challenge to proposed license agreement with Maze Therapeutics
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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