Sanofi Stock Forecast
Sanofi stock downgraded to Sell Candidate
(Updated on May 17, 2024)
The Sanofi stock price fell by -1.19% on the last day (Friday, 17th May 2024) from 90.24€ to 89.17€. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 1.50% from a day low at 89.07€ to a day high of 90.41€. The price has fallen in 6 of the last 10 days and is down by -2.33% for this period. Volume has increased on the last day by 647 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 million shares were bought and sold for approximately 163.83€ million.
The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 4.26% during the next 3 months and, with a 90% probability hold a price between 90.19€ and 98.68€ at the end of this 3-month period.
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SAN.PA Signals & Forecast
There are few to no technical positive signals at the moment. The Sanofi stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at 91.70€ and 89.65€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 10, 2024, and so far it has fallen -5.47%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Sanofi stock
Sanofi finds support from accumulated volume at 88.20€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved 1.34€ between high and low, or 1.50%. For the last week, the stock has had daily average volatility of 1.69%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SAN.PA) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Sanofi to open at 89.55€, and during the day (based on 14 day Average True Range), to move between 87.52€ and 90.82€, which gives a possible trading interval of +/-1.65€ (+/-1.85%) up or down from last closing price. If Sanofi takes out the full calculated possible swing range there will be an estimated 3.71% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 88.20€ (1.09%) than the resistance at 91.30€ (2.39%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Sanofi stock A Buy?
The Sanofi stock holds several negative signals and despite the positive trend, we believe Sanofi will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -1.231 Sell Candidate Downgraded
Predicted Opening Price for Sanofi of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| 89.55€ ( 0.426%) | 89.17€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SAN.PA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 90.89 | 1.93 % | |
| R2 | 90.38 | 1.35 % | ||
| R1 | 90.06 | 1.00 % | ||
| Current price: | 89.17 | |||
| Support | S1 | 89.04 | -0.148 % | |
| S2 | 88.72 | -0.503 % | ||
| S3 | 88.21 | -1.08 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 93.08 | 4.38 % | |
| R2 | 91.62 | 2.75 % | ||
| R1 | 91.30 | 2.39 % | ||
| Current price | 89.17 | |||
| Support | S1 | 88.20 | -1.09% | |
| S2 | 88.00 | -1.31% | ||
| S3 | 87.89 | -1.44% |
SAN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 13, 2024 | May 13, 2024 | May 15, 2024 | 3.76€ | 4.15% |
| 2 | May 30, 2023 | May 30, 2023 | May 30, 2023 | 3.56€ | 3.77% |
| 3 | May 06, 2022 | May 06, 2022 | May 06, 2022 | 3.33€ | 3.43% |
| 4 | May 05, 2021 | May 05, 2021 | May 05, 2021 | 3.20€ | 3.78% |
| 5 | Feb 06, 2020 | May 04, 2020 | May 06, 2020 | 3.15€ | 3.41% |
FAQ
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