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 02/26/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

33%

39%

28%

My opinion

Bearish under 61.30 EUR

My targets

60.24 EUR (-0.69%)

59.19 EUR (-2.42%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on DANONE as long as the price remains well below 61.30 EUR. The sellers' bearish objective is set at 60.24 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 59.19 EUR. In case of crossing, the next objective would be the support located at 56.77 EUR. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

5.9

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

DANONE rating 60.66 EUR. On the day, this instrument lost -0.08% and was between 60.02 EUR and 60.94 EUR. This implies that the price is at +1.07% from its lowest and at -0.46% from its highest.

60.02

60.94

60.66

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

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 HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of DANONE in 1H shows a overall strongly bearish trend. The signals given by moving averages are 89.29% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 5 are neutral and 7 are bearish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	56.77	59.19	60.24	60.66	60.67	61.30	61.70
Change (%)	-6.41%	-2.42%	-0.69%	-	+0.02%	+1.06%	+1.71%
Change	-3.89	-1.47	-0.42	-	+0.01	+0.64	+1.04
Level	Intermediate	Major	Minor	-	Major	Minor	Minor

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	58.32	59.13	59.92	60.73	61.52	62.33	63.12
Camarilla	60.27	60.42	60.56	60.71	60.86	61.00	61.15
Woodie	58.31	59.13	59.91	60.73	61.51	62.33	63.11
Fibonacci	59.13	59.74	60.12	60.73	61.34	61.72	62.33

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	55.31	57.62	59.17	61.48	63.03	65.34	66.89
Camarilla	59.65	60.00	60.36	60.71	61.06	61.42	61.77
Woodie	54.92	57.43	58.78	61.29	62.64	65.15	66.50
Fibonacci	57.62	59.10	60.01	61.48	62.96	63.87	65.34

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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	45.65
MACD (12,26,9):	-0.2900
Directional Movement:	-13.91
AROON (14):	-57.14
DEMA (21):	60.50
Parabolic SAR (0,02-0,02-0,2):	60.94
Elder Ray (13):	-0.04
Super Trend (3,10):	61.67
Zig ZAG (10):	60.67
VORTEX (21):	0.8700
Stochastique (14,3,5):	29.85
TEMA (21):	60.28
Williams %R (14):	-60.44
Chande Momentum Oscillator (20):	-0.98
Repulse (5,40,3):	0.1400
ROCnROLL:	2
TRIX (15,9):	-0.0600
Courbe Coppock:	3.61

MA7:	61.31
MA20:	61.33
MA50:	60.64
MA100:	58.67
MAexp7:	60.55
MAexp20:	60.85
MAexp50:	61.13
MAexp100:	61.21
Price / MA7:	-1.06%
Price / MA20:	-1.09%
Price / MA50:	+0.03%
Price / MA100:	+3.39%
Price / MAexp7:	+0.18%
Price / MAexp20:	-0.31%
Price / MAexp50:	-0.77%
Price / MAexp100:	-0.90%

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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