Learn to Evaluate (SNY) using the Charts
November 10, 2024, 05:46 am ET, BY Rolland S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for SNY
- Buy SNY near 51.27 target 54.82 stop loss @ 51.12 Details
The technical summary data tells us to buy SNY near 51.27 with an upside target of 54.82. This data also tells us to set a stop loss @ 51.12 to protect against excessive loss in case the stock begins to move against the trade. 51.27 is the first level of support below 51.32 , and by rule, any test of support is a buy signal. In this case, support 51.27 would be being tested, so a buy signal would exist.
- Short SNY slightly under 54.82, target 51.27, stop loss @ 54.98 Details
The technical summary data is suggesting a short of SNY as it gets near 54.82 with a downside target of 51.27. We should have a stop loss in place at 54.98though. 54.82 is the first level of resistance above 51.32, and by rule, any test of resistance is a short signal. In this case, if resistance 54.82 is being tested, so a short signal would exist.
Swing Trading Plans for SNY
- Buy SNY slightly over 52.84, target 54.82, Stop Loss @ 52.69 Details
If 52.84 begins to break higher, the technical summary data tells us to buy SNY just slightly over 52.84, with an upside target of 54.82. The data also tells us to set a stop loss @ 52.69 in case the stock turns against the trade. 52.84 is the first level of resistance above 51.32, and by rule, any break above resistance is a buy signal. In this case, 52.84, 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 52.84, target 51.27, Stop Loss @ 52.99. Details
The technical summary data is suggesting a short of SNY if it tests 52.84 with a downside target of 51.27. We should have a stop loss in place at 52.99 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, 52.84, 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 51.53, target 52.84, Stop Loss @ 51.41 Details
If 51.53 begins to break higher, the technical summary data tells us to buy SNY just slightly over 51.53, with an upside target of 52.84. The data also tells us to set a stop loss @ 51.41 in case the stock turns against the trade. 51.53 is the first level of resistance above 51.32, and by rule, any break above resistance is a buy signal. In this case, 51.53, 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 51.53, target 51.27, Stop Loss @ 51.65. Details
The technical summary data is suggesting a short of SNY if it tests 51.53 with a downside target of 51.27. We should have a stop loss in place at 51.65 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, 51.53, 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 (SNY) available here: SNY.
SNY Ratings for November 10:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Strong |
| P1 |
0 |
0 |
51.27 |
| P2 |
50.72 |
51.24 |
54.82 |
| P3 |
51.53 |
52.84 |
58.2 |
AI Generated Signals for SNY
Blue = Current Price
Red= Resistance
Green = Support
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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The Sanofi (NYSE: SNY) report below can help you understand how to do this. The trading plans for SNY, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for SNY:
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