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 11/01/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Slightly bearish

Technical indicators

39%

33%

28%

My opinion

Bearish under 66.28 EUR

My targets

65.17 EUR (-0.75%)

64.67 EUR (-1.51%)

My analysis

The strong short-term decline of DANONE reinforces the current slightly bearish trend. As long as the price remains below 66.28 EUR, you could take advantage of this bearish acceleration. The first bearish objective is located at 65.17 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 64.67 EUR as an objective. Crossing it would then enable sellers to target 63.80 EUR. A return to above 66.28 EUR would be a sign of a correction of short-term bearish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.

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

Force

2.3

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 65.66 EUR. The price registered a decrease of -0.06% on the session and was between 65.34 EUR and 65.78 EUR. This implies that the price is at +0.49% from its lowest and at -0.18% from its highest.

65.34

65.78

65.66

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

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:

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

A technical analysis in 1H of this DANONE chart shows a slightly bearish trend. 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could be reinforced by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, of the 18 technical indicators analysed by Central Analyzer, 7 are bullish, 5 are neutral and 6 are bearish. The Central Indicators scanner found this result concerning these indicators:

Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour

The analysis of the price chart with Central Patterns scanners does not return any result.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	64.67	65.17	65.59	65.66	65.95	66.28	66.71
Change (%)	-1.51%	-0.75%	-0.11%	-	+0.44%	+0.94%	+1.60%
Change	-0.99	-0.49	-0.07	-	+0.29	+0.62	+1.05
Level	Minor	Intermediate	Major	-	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	64.64	64.94	65.32	65.62	66.00	66.30	66.68
Camarilla	65.51	65.58	65.64	65.70	65.76	65.83	65.89
Woodie	64.68	64.96	65.36	65.64	66.04	66.32	66.72
Fibonacci	64.94	65.20	65.36	65.62	65.88	66.04	66.30

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	62.23	63.01	64.39	65.17	66.55	67.33	68.71
Camarilla	65.19	65.38	65.58	65.78	65.98	66.18	66.37
Woodie	62.54	63.16	64.70	65.32	66.86	67.48	69.02
Fibonacci	63.01	63.83	64.34	65.17	65.99	66.50	67.33

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	59.57	61.67	63.69	65.79	67.81	69.91	71.93
Camarilla	64.57	64.95	65.32	65.70	66.08	66.46	66.83
Woodie	59.52	61.65	63.64	65.77	67.76	69.89	71.88
Fibonacci	61.67	63.25	64.22	65.79	67.37	68.34	69.91

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):	42.26
MACD (12,26,9):	-0.2600
Directional Movement:	-15.00
AROON (14):	-42.86
DEMA (21):	65.61
Parabolic SAR (0,02-0,02-0,2):	65.27
Elder Ray (13):	-0.20
Super Trend (3,10):	66.23
Zig ZAG (10):	65.68
VORTEX (21):	0.7400
Stochastique (14,3,5):	42.45
TEMA (21):	65.31
Williams %R (14):	-53.85
Chande Momentum Oscillator (20):	-0.48
Repulse (5,40,3):	0.8200
ROCnROLL:	2
TRIX (15,9):	-0.0600
Courbe Coppock:	2.22

MA7:	66.23
MA20:	65.29
MA50:	64.78
MA100:	61.96
MAexp7:	65.64
MAexp20:	65.92
MAexp50:	66.01
MAexp100:	65.73
Price / MA7:	-0.86%
Price / MA20:	+0.57%
Price / MA50:	+1.36%
Price / MA100:	+5.97%
Price / MAexp7:	+0.03%
Price / MAexp20:	-0.39%
Price / MAexp50:	-0.53%
Price / MAexp100:	-0.11%

Quotes : - 15 min delayed data - Euronext Paris

News

The last news published on DANONE at the time of the generation of this analysis was 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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