Sanofi Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Tuesday for Sanofi
(Updated on Jul 02, 2024)
The Sanofi stock price fell by -1.54% on the last day (Tuesday, 2nd Jul 2024) from 91.85€ to 90.44€. During the last trading day the stock fluctuated 1.36% from a day low at 90.44€ to a day high of 91.67€. The price has been going up and down for this period, and there has been a 2.18% gain for the last 2 weeks. Volume has increased on the last day by 175 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 144.61€ million.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Sanofi stock with a 90% probability to be traded between 88.01€ and 96.60€ at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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SAN.PA Signals & Forecast
The Sanofi stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately 90.59€. On a fall, the stock will find some support from the long-term average at approximately 89.54€. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, July 01, 2024, and so far it has fallen -1.54%. Further fall is indicated until a new bottom pivot has been found. 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 90.27€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved 1.23€ between high and low, or 1.36%. For the last week the stock has had daily average volatility of 1.51%.
Our recommended stop-loss: 87.58€ (-3.17%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 12 days ago.)
Trading Expectations (SAN.PA) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Sanofi to open at 90.85€, and during the day (based on 14 day Average True Range), to move between 88.76€ and 92.12€, which gives a possible trading interval of +/-1.68€ (+/-1.86%) up or down from last closing price. If Sanofi takes out the full calculated possible swing range there will be an estimated 3.72% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 90.27€ (0.19%) than the resistance at 90.79€ (0.39%), 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?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Sanofi stock to perform well in the short-term period.
Current score: 1.780 Buy Candidate Unchanged
Predicted Opening Price for Sanofi of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| 90.85€ ( 0.453%) | 90.44€ |
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 | |
|---|---|---|
| R3 | 92.08 | 1.81% |
| R2 | 91.61 | 1.29% |
| R1 | 91.32 | 0.97% |
| Price | 90.44 | |
| S1 | 90.38 | -0.0662% |
| S2 | 90.09 | -0.387% |
| S3 | 89.62 | -0.91% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 93.08 | 2.92% |
| R2 | 91.62 | 1.30% |
| R1 | 90.79 | 0.387% |
| Price | 90.44 | |
| S1 | 90.27 | -0.188% |
| S2 | 89.76 | -0.752% |
| S3 | 87.62 | -3.12% |
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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