How the price action of Sanofi Ads ($SNY) is used to our Advantage

October 10, 2023, 16:45 pm ET, BY William C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for SNY

• Buy SNY slightly over 52.76 target 55.95 stop loss @ 52.61 Details

The technical summary data tells us to buy SNY near 52.76 with an upside target of 55.95. This data also tells us to set a stop loss @ 52.61 to protect against excessive loss in case the stock begins to move against the trade. 52.76 is the first level of support below 54.45 , and by rule, any test of support is a buy signal. In this case, support 52.76 would be being tested, so a buy signal would exist.

• Short SNY slightly under 55.95, target 52.76, stop loss @ 56.11 Details

The technical summary data is suggesting a short of SNY as it gets near 55.95 with a downside target of 52.76. We should have a stop loss in place at 56.11though. 55.95 is the first level of resistance above 54.45, and by rule, any test of resistance is a short signal. In this case, if resistance 55.95 is being tested, so a short signal would exist.

Swing Trading Plans for SNY

• Buy SNY slightly over 54.47, target 55.95, Stop Loss @ 54.31 Details

If 54.47 begins to break higher, the technical summary data tells us to buy SNY just slightly over 54.47, with an upside target of 55.95. The data also tells us to set a stop loss @ 54.31 in case the stock turns against the trade. 54.47 is the first level of resistance above 54.45, and by rule, any break above resistance is a buy signal. In this case, 54.47, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short SNY slightly near 54.47, target 53.39, Stop Loss @ 54.63. Details

The technical summary data is suggesting a short of SNY if it tests 54.47 with a downside target of 53.39. We should have a stop loss in place at 54.63 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 54.47, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for SNY

• Buy SNY slightly over 54.61, target 55.95, Stop Loss @ 54.48 Details

If 54.61 begins to break higher, the technical summary data tells us to buy SNY just slightly over 54.61, with an upside target of 55.95. The data also tells us to set a stop loss @ 54.48 in case the stock turns against the trade. 54.61 is the first level of resistance above 54.45, and by rule, any break above resistance is a buy signal. In this case, 54.61, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short SNY slightly near 54.61, target 54.19, Stop Loss @ 54.74. Details

The technical summary data is suggesting a short of SNY if it tests 54.61 with a downside target of 54.19. We should have a stop loss in place at 54.74 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 54.61, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for  Sanofi Ads (SNY) available here: SNY.

SNY Ratings for October 10:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Strong
P1	0	0	52.76
P2	54.19	53.39	55.95
P3	54.61	54.47	59.34

AI Generated Signals for SNY

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Our job as #investors is to pay attention to the #stocks we own.  Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The  Sanofi Ads (NYSE: SNY) data table below can help you with price action, and we have more details too. Trading plans for SNY are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.