DANONE - 1H - Technical analysis published on 10/02/2024 (GMT)
- 147
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Slightly bullish
Technical indicators
33%
22%
44%
My opinion
Neutral between 64.76 EUR and 65.84 EUR
My targets
-
My analysis
The neutral short-term trend shows a weakening of the basic, slightly bullish trend on DANONE. It is difficult to advise a trading direction under these conditions. The first resistance is located at 65.84 EUR. The first support is located at 64.76 EUR. We can stay away while waiting for a more pronounced price movement on this instrument. A new analysis could then be produced that would give clearer signals.
In the very short term, the neutral opinion of this analysis is confirmed by technical indicators which are also neutral.
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 65.26 EUR. The price is lower by -0.06% since the last closing and was between 64.82 EUR and 65.38 EUR. This implies that the price is at +0.68% from its lowest and at -0.18% from its highest.64.82
65.38
65.26
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by DANONE:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
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 this 1H chart of DANONE indicates that the overall trend is slightly bullish. Only 57.14% of the signals given by moving averages are bullish. This slightly bullish trend could return to neutral given the neutral signals also given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
The Central Indicators scanner found this result concerning these indicators:
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 60.02 | 64.46 | 64.76 | 65.26 | 65.40 | 65.84 | 66.34 |
| Change (%) | -8.03% | -1.23% | -0.77% | - | +0.21% | +0.89% | +1.65% |
| Change | -5.24 | -0.80 | -0.50 | - | +0.14 | +0.58 | +1.08 |
| Level | Major | Intermediate | Minor | - | Intermediate | Minor | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 64.58 | 64.86 | 65.08 | 65.36 | 65.58 | 65.86 | 66.08 |
| Camarilla | 65.16 | 65.21 | 65.25 | 65.30 | 65.35 | 65.39 | 65.44 |
| Woodie | 64.55 | 64.85 | 65.05 | 65.35 | 65.55 | 65.85 | 66.05 |
| Fibonacci | 64.86 | 65.05 | 65.17 | 65.36 | 65.55 | 65.67 | 65.86 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 63.50 | 63.96 | 64.76 | 65.22 | 66.02 | 66.48 | 67.28 |
| Camarilla | 65.21 | 65.33 | 65.45 | 65.56 | 65.68 | 65.79 | 65.91 |
| Woodie | 63.67 | 64.05 | 64.93 | 65.31 | 66.19 | 66.57 | 67.45 |
| Fibonacci | 63.96 | 64.44 | 64.74 | 65.22 | 65.70 | 66.00 | 66.48 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 59.34 | 60.94 | 63.14 | 64.74 | 66.94 | 68.54 | 70.74 |
| Camarilla | 64.30 | 64.64 | 64.99 | 65.34 | 65.69 | 66.04 | 66.39 |
| Woodie | 59.64 | 61.09 | 63.44 | 64.89 | 67.24 | 68.69 | 71.04 |
| Fibonacci | 60.94 | 62.39 | 63.29 | 64.74 | 66.19 | 67.09 | 68.54 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 47.75 | |
| MACD (12,26,9): | -0.0200 | |
| Directional Movement: | -4.46 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 65.30 | |
| Parabolic SAR (0,02-0,02-0,2): | 65.58 | |
| Elder Ray (13): | -0.07 | |
| Super Trend (3,10): | 64.90 | |
| Zig ZAG (10): | 65.24 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 45.53 | |
| TEMA (21): | 65.22 | |
| Williams %R (14): | -46.34 | |
| Chande Momentum Oscillator (20): | -0.04 | |
| Repulse (5,40,3): | 0.2100 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.54 |
| MA7: | 65.28 | |
| MA20: | 65.16 | |
| MA50: | 62.56 | |
| MA100: | 60.70 | |
| MAexp7: | 65.25 | |
| MAexp20: | 65.30 | |
| MAexp50: | 65.24 | |
| MAexp100: | 65.07 | |
| Price / MA7: | -0.03% | |
| Price / MA20: | +0.15% | |
| Price / MA50: | +4.32% | |
| Price / MA100: | +7.51% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | -0.06% | |
| Price / MAexp50: | +0.03% | |
| Price / MAexp100: | +0.29% |
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:
- Lifeway Foods Confirms Receipt of Unsolicited, Non-Binding Proposal from Danone
- Ajinomoto Co., Inc. and Danone Launch Global Strategic Partnership to Reduce Greenhouse Gas from Dairy Industry
- Danone: Notification of availability of Danone’s 2024 interim financial repor
- Danone: Strong half-year results; Delivering broad-based quality growth
- Danone: Information on the total number of voting rights and shares
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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