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
Sanofi stock upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on May 31, 2024)
The Sanofi stock price gained 1.34% on the last trading day (Friday, 31st May 2024), rising from 88.57€ to 89.76€. During the last trading day the stock fluctuated 2.19% from a day low at 87.84€ to a day high of 89.76€. The price has been going up and down for this period, and there has been a 0.66% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 million more shares were traded than the day before. In total, 4 million shares were bought and sold for approximately 354.16€ 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 3.44% during the next 3 months and, with a 90% probability hold a price between 89.77€ and 98.38€ at the end of this 3-month period.
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SAN.PA Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 2.34%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Sanofi stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at 89.91€. On a fall, the stock will find some support from the short-term average at 89.17€. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
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.
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 1.92€ between high and low, or 2.19%. For the last week the stock has had daily average volatility of 1.46%.
Our recommended stop-loss: 84.35€ (-6.03%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 15 days ago.)
Trading Expectations (SAN.PA) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Sanofi to open at 89.12€, and during the day (based on 14 day Average True Range), to move between 88.26€ and 91.26€, which gives a possible trading interval of +/-1.50€ (+/-1.68%) up or down from last closing price. If Sanofi takes out the full calculated possible swing range there will be an estimated 3.35% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 91.30€ (1.72%) than the support at 88.20€ (1.74%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Sanofi stock A Buy?
Several short-term signals, along with a general good trend, 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.002 Buy Candidate Upgraded
Predicted Opening Price for Sanofi of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| 89.12€ ( 0.713%) | 89.76€ |
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 | 91.04 | 1.43 % | |
| R2 | 90.31 | 0.609 % | ||
| R1 | 89.85 | 0.104 % | ||
| Current price: | 89.76 | |||
| Support | S1 | 88.39 | -1.53 % | |
| S2 | 87.93 | -2.03 % | ||
| S3 | 87.20 | -2.85 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 93.08 | 3.70 % | |
| R2 | 91.62 | 2.07 % | ||
| R1 | 91.30 | 1.72 % | ||
| Current price | 89.76 | |||
| Support | S1 | 88.20 | -1.74% | |
| S2 | 88.00 | -1.96% | ||
| S3 | 87.71 | -2.28% |
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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