DANONE

- EUR (-)

- 15 min delayed data - Euronext Paris

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	BN
ISIN:	FR0000120644

DANONE - 1H - Technical analysis published on 02/21/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

50%

17%

33%

My opinion

Bullish above 61.21 EUR

My targets

61.96 EUR (+0.52%)

62.45 EUR (+1.31%)

My analysis

DANONE is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 61.21 EUR. The next resistance located at 61.96 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 62.45 EUR. After this resistance, buyers could then target 69.15 EUR. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

6.8

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The DANONE price is 61.64 EUR. The price registered a decrease of -0.07% on the session with the lowest point at 61.50 EUR and the highest point at 62.03 EUR. The deviation from the price is +0.23% for the low point and -0.63% for the high point.

61.50

62.03

61.64

Here is a more detailed summary of the historical variations registered by DANONE:

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of DANONE indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, only 9 technical indicators out of 18 studied are currently positioned bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour

Williams %R indicator is back under -50

Type : Bearish

Timeframe : 1 hour

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	60.67	60.94	61.21	61.64	61.77	61.96	62.24
Change (%)	-1.57%	-1.14%	-0.70%	-	+0.21%	+0.52%	+0.97%
Change	-0.97	-0.70	-0.43	-	+0.13	+0.32	+0.60
Level	Major	Intermediate	Minor	-	Intermediate	Minor	Major

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	60.85	61.07	61.38	61.60	61.91	62.13	62.44
Camarilla	61.53	61.58	61.63	61.68	61.73	61.78	61.83
Woodie	60.89	61.09	61.42	61.62	61.95	62.15	62.48
Fibonacci	61.07	61.28	61.40	61.60	61.81	61.93	62.13

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	59.27	59.75	60.53	61.01	61.79	62.27	63.05
Camarilla	60.95	61.07	61.19	61.30	61.42	61.53	61.65
Woodie	59.41	59.83	60.67	61.09	61.93	62.35	63.19
Fibonacci	59.75	60.24	60.53	61.01	61.50	61.79	62.27

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	55.89	57.35	59.54	61.00	63.19	64.65	66.84
Camarilla	60.74	61.07	61.41	61.74	62.08	62.41	62.74
Woodie	56.27	57.53	59.92	61.18	63.57	64.83	67.22
Fibonacci	57.35	58.74	59.60	61.00	62.39	63.25	64.65

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	59.60
MACD (12,26,9):	0.1500
Directional Movement:	1.54
AROON (14):	71.42
DEMA (21):	61.77
Parabolic SAR (0,02-0,02-0,2):	61.49
Elder Ray (13):	0.10
Super Trend (3,10):	61.20
Zig ZAG (10):	61.69
VORTEX (21):	1.0600
Stochastique (14,3,5):	57.99
TEMA (21):	61.79
Williams %R (14):	-50.68
Chande Momentum Oscillator (20):	0.00
Repulse (5,40,3):	-0.1800
ROCnROLL:	1
TRIX (15,9):	0.0400
Courbe Coppock:	0.56

MA7:	61.29
MA20:	61.42
MA50:	60.55
MA100:	58.39
MAexp7:	61.69
MAexp20:	61.57
MAexp50:	61.36
MAexp100:	61.31
Price / MA7:	+0.57%
Price / MA20:	+0.36%
Price / MA50:	+1.80%
Price / MA100:	+5.57%
Price / MAexp7:	-0.08%
Price / MAexp20:	+0.11%
Price / MAexp50:	+0.46%
Price / MAexp100:	+0.54%

Quotes : - 15 min delayed data - Euronext Paris

News

The latest news and videos published on DANONE at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia AI

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