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AI Analysis of SNY
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Sanofi stock downgraded from Buy Candidate to Hold/Accumulate after Wednesday trading session.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 25, 2024 Gain 0.20% PDF

The Sanofi stock price fell by -0.422% on the last day (Wednesday, 27th Mar 2024) from $49.75 to $49.54. During the last trading day the stock fluctuated 0.646% from a day low at $49.53 to a day high of $49.85. The price has been going up and down for this period, and there has been a 2.69% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -1 million shares and in total, 3 million shares were bought and sold for approximately $124.70 million.

The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $49.69 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -6.79% during the next 3 months and, with a 90% probability hold a price between $40.98 and $46.31 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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SNY 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 $48.61 and $47.70. A breakdown below any of these levels will issue sell signals. 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, March 26, 2024, and so far it has fallen -0.422%. 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 fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Sanofi stock

Sanofi finds support from accumulated volume at $49.44 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 $0.320 between high and low, or 0.646%. For the last week the stock has had daily average volatility of 1.72%.

Our recommended stop-loss: $47.62 (-3.88%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (SNY) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Sanofi to open at $49.64, and during the day (based on 14 day Average True Range), to move between $48.81 and $50.27, which gives a possible trading interval of +/-$0.734 (+/-1.48%) up or down from last closing price. If Sanofi takes out the full calculated possible swing range there will be an estimated 2.96% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $49.44 (0.20%) than the resistance at $49.75 (0.42%), 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?

Sanofi holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. 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 Hold/Accumulate candidate.

Current score: -0.519 Hold/Accumulate Downgraded

Predicted Opening Price for Sanofi of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$49.64 ( 0.202%) $49.54

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for SNY

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 49.96 0.85 %
R2 49.84 0.601 %
R1 49.76 0.449 %
Current price: 49.54
Support S1 49.52 -0.0449 %
S2 49.44 -0.197 %
S3 49.32 -0.444 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 49.89 0.706 %
R2 49.88 0.686 %
R1 49.75 0.424 %
Current price 49.54
Support S1 49.44 -0.202%
S2 47.06 -5.01%
S3 46.56 -6.02%

SNY Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Aug 06, 2023 May 30, 2023 Jun 23, 2023 $1.90 3.57%
2 Feb 15, 2023 May 25, 2023 Jun 23, 2023 $1.38 2.59%
3 May 26, 2022 May 26, 2022 May 26, 2022 $0.297 0.535%
4 Apr 22, 2022 May 04, 2022 Jun 08, 2022 $1.75 3.30%
5 Mar 25, 2021 May 03, 2021 May 26, 2021 $1.91 3.54%

FAQ

What is the symbol for Sanofi Stock and on which exchange is it traded?
The symbol for Sanofi is SNY and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Sanofi Stock?
Sanofi holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. 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 Hold/Accumulate candidate.

How to buy Sanofi Stock?
Sanofi Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Sanofi Stock.

What's the current price of Sanofi Stock?
As of the end of day on the 2024-03-27, the price of an Sanofi (SNY) share was $49.54.

What is the 52-week high and low for Sanofi Stock?
The 52-week high for Sanofi Stock is $57.81 and the 52-week low is $42.63.

What is the market capitalization of Sanofi Stock?
As of the 2024-03-27, the market capitalization of Sanofi is 114.191B.

When is the next earnings date for Sanofi?
The upcoming earnings date for Sanofi is Apr 25, 2024.
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About Sanofi

Sanofi Sanofi, together with its subsidiaries, engages in the research, development, manufacture, and marketing of therapeutic solutions in the United States, Europe, and internationally. It operates through three segments: Pharmaceuticals, Vaccines, and Consumer Healthcare. The company provides specialty care products, including human monoclonal antibodies; products for multiple sclerosis, neurology, other inflammatory diseases, immunology, rare diseas... SNY Profile

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