SNY Technical Analysis - SANOFI-ADR

Technical Rating and Analysis

Overall SNY gets a technical rating of 0 out of 10. SNY scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

When comparing the yearly performance of all stocks, SNY is a bad performer in the overall market: 85% of all stocks are doing better.

SNY is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

SNY has an average volume of 2538360 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

SNY is an average performer in the Pharmaceuticals industry, it outperforms 41% of 196 stocks in the same industry.

In the last month SNY has a been trading in the 45.03 - 51.60 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

SNY has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

44.87

58.31

When analyzing the support we notice one important area.

A support zone ranging from 45.32 to 46.49. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 3 important resistance areas.

A resistance zone ranging from 48.62 to 51.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @52.90 from a horizontal line in the daily time frame.
Resistance @57.73 from a horizontal line in the weekly time frame.

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What is Support and Resistance

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	DOWN	NEGATIVE	The long term trend for SNY is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for SNY is down.
ChartMill Relative Strength	15.23	NEGATIVE	SNY has a low relative strength, it was outperformed by 84.77% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of SNY is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of SNY is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of SNY is below a declining SMA(200).
Relative Strength Index/RSI (14)	42.55	NEUTRAL	The RSI value for SNY is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.27	NEGATIVE	The MACD value suggests SNY has a negative trend, although the MACD value is rising.
Stochastics (14,3)	34.96	NEUTRAL	The Stochastics value for SNY is a neutral value.
Average True Range in percent/ATR (20)	2.11	MEDIUM VOLATILITY	The ATR as a percentage value for SNY suggests some volalility.
Average Directional Index/ADX (14)	19.48	NEGATIVE	The low ADX value for SNY suggests a weak or negative trend.