DANONE - 1H - Technical analysis published on 01/24/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
61%
0%
39%
My opinion
Bullish above 61.18 EUR
My targets
63.40 EUR (+3.04%)
69.15 EUR (+12.38%)
My analysis
The bullish trend is currently very strong on DANONE. As long as the price remains above the support at 61.18 EUR, you could try to benefit from the boom. The first bullish objective is located at 63.40 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 69.15 EUR as an objective. 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
7.3
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 61.53 EUR. The price is lower by -0.02% since the last closing and was traded between 60.98 EUR and 61.68 EUR over the period. The price is currently at +0.90% from its lowest and -0.24% from its highest.60.98
61.68
61.53
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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. 85.71% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. The Central Indicators scanner found no further results concerning independent technical indicators.
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 60.24 | 60.67 | 61.18 | 61.53 | 61.78 | 69.15 |
| Change (%) | -2.10% | -1.40% | -0.57% | - | +0.41% | +12.38% |
| Change | -1.29 | -0.86 | -0.35 | - | +0.25 | +7.62 |
| Level | Intermediate | Major | Major | - | 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 | 60.18 | 60.55 | 61.05 | 61.42 | 61.92 | 62.29 | 62.79 |
| Camarilla | 61.30 | 61.38 | 61.46 | 61.54 | 61.62 | 61.70 | 61.78 |
| Woodie | 60.24 | 60.58 | 61.11 | 61.45 | 61.98 | 62.32 | 62.85 |
| Fibonacci | 60.55 | 60.89 | 61.09 | 61.42 | 61.76 | 61.96 | 62.29 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 59.71 | 60.28 | 60.94 | 61.51 | 62.17 | 62.74 | 63.40 |
| Camarilla | 61.26 | 61.38 | 61.49 | 61.60 | 61.71 | 61.83 | 61.94 |
| Woodie | 59.76 | 60.30 | 60.99 | 61.53 | 62.22 | 62.76 | 63.45 |
| Fibonacci | 60.28 | 60.75 | 61.04 | 61.51 | 61.98 | 62.27 | 62.74 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 54.44 | 55.73 | 57.20 | 58.49 | 59.96 | 61.25 | 62.72 |
| Camarilla | 57.92 | 58.17 | 58.43 | 58.68 | 58.93 | 59.19 | 59.44 |
| Woodie | 54.54 | 55.78 | 57.30 | 58.54 | 60.06 | 61.30 | 62.82 |
| Fibonacci | 55.73 | 56.78 | 57.43 | 58.49 | 59.54 | 60.19 | 61.25 |
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): | 51.51 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | -7.34 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 61.49 | |
| Parabolic SAR (0,02-0,02-0,2): | 61.01 | |
| Elder Ray (13): | 0.09 | |
| Super Trend (3,10): | 61.78 | |
| Zig ZAG (10): | 61.52 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 71.63 | |
| TEMA (21): | 61.48 | |
| Williams %R (14): | -29.89 | |
| Chande Momentum Oscillator (20): | 0.04 | |
| Repulse (5,40,3): | 0.1100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.19 |
| MA7: | 61.57 | |
| MA20: | 60.69 | |
| MA50: | 59.38 | |
| MA100: | 56.73 | |
| MAexp7: | 61.51 | |
| MAexp20: | 61.48 | |
| MAexp50: | 61.44 | |
| MAexp100: | 61.17 | |
| Price / MA7: | -0.06% | |
| Price / MA20: | +1.38% | |
| Price / MA50: | +3.62% | |
| Price / MA100: | +8.46% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | +0.08% | |
| Price / MAexp50: | +0.15% | |
| Price / MAexp100: | +0.59% |
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:
-
Supermarket baby formula prices could fall as manufacture Danone lowers cost
-
Baby formula: Iceland 'committed to making no money' as Danone cuts price
- PLATINUM EQUITY TO ACQUIRE HORIZON ORGANIC AND WALLABY FROM DANONE
- Danone publishes its Climate Transition Plan
- 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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