Sanofi Stock Forecast
Sanofi stock upgraded to Buy Candidate.
(Updated on Jun 28, 2024)
The Sanofi stock price gained 0.334% on the last trading day (Friday, 28th Jun 2024), rising from 89.87€ to 90.17€. During the last trading day the stock fluctuated 0.735% from a day low at 89.85€ to a day high of 90.51€. The price has risen in 6 of the last 10 days and is up by 3.95% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 553 more shares were traded than the day before. In total, 2 thousand shares were bought and sold for approximately 167.63€ thousand.
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 88.32€ and 96.52€ 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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SNW.F Signals & Forecast
The Sanofi stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 89.78€ and 89.66€. A breakdown below any of these levels will issue sell signals. Sanofi has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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 Tuesday, June 25, 2024, and so far it has fallen -1.14%. 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).
Support, Risk & Stop-loss for Sanofi stock
Sanofi finds support from accumulated volume at 88.86€ 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 0.660€ between high and low, or 0.735%. For the last week the stock has had daily average volatility of 1.93%.
Our recommended stop-loss: 86.36€ (-4.23%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 10 days ago.)
Trading Expectations (SNW.F) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Sanofi to open at 90.18€, and during the day (based on 14 day Average True Range), to move between 88.63€ and 91.71€, which gives a possible trading interval of +/-1.54€ (+/-1.71%) up or down from last closing price. If Sanofi takes out the full calculated possible swing range there will be an estimated 3.43% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 90.79€ (0.69%) than the support at 88.86€ (1.45%), 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 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.053 Buy Candidate Upgraded
Predicted Opening Price for Sanofi of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 90.18€ ( 0.0074%) | 90.17€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SNW.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 90.84 | 0.739% |
| R2 | 90.58 | 0.460% |
| R1 | 90.43 | 0.287% |
| Price | 90.17 | |
| S1 | 89.92 | -0.272% |
| S2 | 89.77 | -0.445% |
| S3 | 89.52 | -0.725% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 92.68 | 2.78% |
| R2 | 92.02 | 2.05% |
| R1 | 90.79 | 0.688% |
| Price | 90.17 | |
| S1 | 88.86 | -1.45% |
| S2 | 88.11 | -2.28% |
| S3 | 87.69 | -2.75% |
SNW Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 13, 2024 | May 13, 2024 | May 15, 2024 | 3.76€ | 0% |
| 2 | May 30, 2023 | May 30, 2023 | May 30, 2023 | 3.56€ | 0% |
| 3 | May 06, 2022 | May 06, 2022 | May 06, 2022 | 3.33€ | 0% |
| 4 | May 05, 2021 | May 05, 2021 | May 05, 2021 | 3.20€ | 0% |
| 5 | Feb 06, 2020 | May 04, 2020 | May 06, 2020 | 3.15€ | 0% |
FAQ
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