DANONE - 1H - Technical analysis published on 11/06/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
39%
17%
44%
My opinion
Bullish above 65.95 EUR
My targets
67.90 EUR (+2.23%)
My analysis
The bullish trend is currently very strong on DANONE. As long as the price remains above the support at 65.95 EUR, you could try to benefit from the boom. The first bullish objective is located at 67.90 EUR. The bullish momentum would be boosted by a break in this resistance. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DANONE price is 66.42 EUR. The price registered a decrease of -0.33% on the session with the lowest point at 66.16 EUR and the highest point at 67.10 EUR. The deviation from the price is +0.39% for the low point and -1.01% for the high point.66.16
67.10
66.42
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of DANONE in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 85.71% bullish. This strong bullish 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, only 7 technical indicators out of 18 studied are currently positioned bullish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
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
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 64.67 | 65.24 | 65.95 | 66.42 | 66.71 | 67.90 |
| Change (%) | -2.63% | -1.78% | -0.71% | - | +0.44% | +2.23% |
| Change | -1.75 | -1.18 | -0.47 | - | +0.29 | +1.48 |
| Level | Minor | Minor | Intermediate | - | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 65.74 | 65.92 | 66.28 | 66.46 | 66.82 | 67.00 | 67.36 |
| Camarilla | 66.49 | 66.54 | 66.59 | 66.64 | 66.69 | 66.74 | 66.79 |
| Woodie | 65.83 | 65.97 | 66.37 | 66.51 | 66.91 | 67.05 | 67.45 |
| Fibonacci | 65.92 | 66.13 | 66.25 | 66.46 | 66.67 | 66.79 | 67.00 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 62.24 | 63.74 | 64.90 | 66.40 | 67.56 | 69.06 | 70.22 |
| Camarilla | 65.33 | 65.57 | 65.82 | 66.06 | 66.30 | 66.55 | 66.79 |
| Woodie | 62.07 | 63.66 | 64.73 | 66.32 | 67.39 | 68.98 | 70.05 |
| Fibonacci | 63.74 | 64.76 | 65.38 | 66.40 | 67.42 | 68.04 | 69.06 |
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): | 52.66 | |
| MACD (12,26,9): | 0.1000 | |
| Directional Movement: | 6.14 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 66.45 | |
| Parabolic SAR (0,02-0,02-0,2): | 67.10 | |
| Elder Ray (13): | 0 | |
| Super Trend (3,10): | 66.18 | |
| Zig ZAG (10): | 66.40 | |
| VORTEX (21): | 1.0500 | |
| Stochastique (14,3,5): | 42.67 | |
| TEMA (21): | 66.52 | |
| Williams %R (14): | -70.00 | |
| Chande Momentum Oscillator (20): | 0.20 | |
| Repulse (5,40,3): | -0.2300 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 0.60 |
| MA7: | 66.32 | |
| MA20: | 65.59 | |
| MA50: | 65.07 | |
| MA100: | 62.18 | |
| MAexp7: | 66.45 | |
| MAexp20: | 66.33 | |
| MAexp50: | 66.21 | |
| MAexp100: | 65.97 | |
| Price / MA7: | +0.15% | |
| Price / MA20: | +1.27% | |
| Price / MA50: | +2.07% | |
| Price / MA100: | +6.82% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | +0.14% | |
| Price / MAexp50: | +0.32% | |
| Price / MAexp100: | +0.68% |
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 REJECTS PROPOSAL FROM DANONE AND ADOPTS LIMITED DURATION SHAREHOLDER RIGHTS PLAN
- Danone: Information on the total number of voting rights and shares
- 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
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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