Sanofi: the sell signal keeps cooling off
Sanofi gains 1.5% as the sell signal keeps losing ground
Sanofi: the sell signal keeps cooling off
Our view last week
Sanofi's weekly MACD has just crossed bullish — confirming a cooling in the sell signal that was already underway last week — while money flow has stayed firmly positive for three straight weeks: this week's technical analysis shows the decline increasingly under pressure. The week closed with a modest 0.6% gain on an indecisive candle that grazed resistance above the 77 area without breaking it. The short, open for ten weeks, is now down 4.3%.
This week's summary
Sanofi keeps confirming the cooling of its sell signal: after last week's bullish MACD cross, the stock closes another week up 1.5%, with money flow pushing even further into positive territory and the weekly RSI climbing to 48. The price stays boxed into a very tight corridor between two moving averages, just as earnings approach on July 30: the short, open for ten weeks, now slips to a 5.8% loss.
IQS Phase
54
ordinary
Signal Strength
2
decline fading out
Sizing
MINIMUM
Ranking
#51 / 53
EU-UK stocks
Trade P&L %
-5.80%
from signal to today
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