SANOFI - 1H - Technical analysis published on 02/19/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Slightly bearish
Technical indicators
44%
17%
39%
My opinion
Neutral between 85.53 EUR and 86.62 EUR
My targets
-
My analysis
The short-term increase on SANOFI remains moderate but could challenge the slightly bearish basic trend. It is difficult to advise a trading direction under these conditions. The first resistance is located at 86.62 EUR. The first support is located at 85.53 EUR. You could remain on the sidelines waiting for a more pronounced price movement on this instrument. A new analysis could then be carried out to provide clearer signals.
Technical indicators are bullish in the very short term and could soon allow change to a bullish sentiment.
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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 86.18 EUR. The price is lower by -0.32% since the last closing with the lowest point at 85.96 EUR and the highest point at 86.88 EUR. The deviation from the price is +0.26% for the low point and -0.81% for the high point.85.96
86.88
86.18
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
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
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 slightly bearish. 53.57% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently being given by short-term moving averages indicate that this overall trend could be reversed. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, only 8 technical indicators out of 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 81.44 | 84.16 | 85.53 | 86.18 | 86.62 | 88.16 | 89.01 |
| Change (%) | -5.50% | -2.34% | -0.75% | - | +0.51% | +2.30% | +3.28% |
| Change | -4.74 | -2.02 | -0.65 | - | +0.44 | +1.98 | +2.83 |
| Level | Intermediate | Intermediate | Intermediate | - | Intermediate | Minor | Minor |
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 | 84.81 | 85.22 | 85.84 | 86.25 | 86.87 | 87.28 | 87.90 |
| Camarilla | 86.18 | 86.27 | 86.37 | 86.46 | 86.55 | 86.65 | 86.74 |
| Woodie | 84.92 | 85.27 | 85.95 | 86.30 | 86.98 | 87.33 | 88.01 |
| Fibonacci | 85.22 | 85.61 | 85.86 | 86.25 | 86.64 | 86.89 | 87.28 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 83.64 | 84.29 | 85.37 | 86.02 | 87.10 | 87.75 | 88.83 |
| Camarilla | 85.98 | 86.14 | 86.30 | 86.46 | 86.62 | 86.78 | 86.94 |
| Woodie | 83.87 | 84.40 | 85.60 | 86.13 | 87.33 | 87.86 | 89.06 |
| Fibonacci | 84.29 | 84.95 | 85.36 | 86.02 | 86.68 | 87.09 | 87.75 |
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): | 53.20 | |
| MACD (12,26,9): | 0.0900 | |
| Directional Movement: | 13.50 | |
| AROON (14): | 35.72 | |
| DEMA (21): | 86.24 | |
| Parabolic SAR (0,02-0,02-0,2): | 85.85 | |
| Elder Ray (13): | 0.04 | |
| Super Trend (3,10): | 85.38 | |
| Zig ZAG (10): | 86.20 | |
| VORTEX (21): | 1.0700 | |
| Stochastique (14,3,5): | 47.47 | |
| TEMA (21): | 86.34 | |
| Williams %R (14): | -55.20 | |
| Chande Momentum Oscillator (20): | 0.26 | |
| Repulse (5,40,3): | 0.1100 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 0.16 |
| MA7: | 86.16 | |
| MA20: | 88.77 | |
| MA50: | 90.24 | |
| MA100: | 91.22 | |
| MAexp7: | 86.21 | |
| MAexp20: | 86.12 | |
| MAexp50: | 86.18 | |
| MAexp100: | 87.06 | |
| Price / MA7: | +0.02% | |
| Price / MA20: | -2.92% | |
| Price / MA50: | -4.50% | |
| Price / MA100: | -5.53% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | +0.07% | |
| Price / MAexp50: | -0% | |
| Price / MAexp100: | -1.01% |
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:
- Press Release: Japan first in the world to approve Dupixent® for chronic spontaneous urticaria (CSU)
- Press Release: Phase 2 data published in NEJM show potential of frexalimab as high-efficacy therapy in relapsing MS
- 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
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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