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 10/24/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

78%

17%

My opinion

Bullish above 64.99 EUR

My targets

65.96 EUR (+0.79%)

66.71 EUR (+1.94%)

My analysis

DANONE is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 64.99 EUR. The next resistance located at 65.96 EUR is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 66.71 EUR.

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

6.6

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

The DANONE rating is 65.44 EUR. The price has increased by +2.25% since the last closing and was between 65.24 EUR and 65.94 EUR. This implies that the price is at +0.31% from its lowest and at -0.76% from its highest.

65.24

65.94

65.44

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by DANONE:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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

A technical analysis in 1H of this DANONE chart shows a bullish trend. 75.00% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Moving Average bullish crossovers : AMA20 & AMA50

Type : Bullish

Timeframe : 1 hour

In fact, 14 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

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

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	64.02	64.66	64.99	65.44	65.57	65.96	66.71
Change (%)	-2.17%	-1.19%	-0.69%	-	+0.20%	+0.79%	+1.94%
Change	-1.42	-0.78	-0.45	-	+0.13	+0.52	+1.27
Level	Intermediate	Major	Minor	-	Intermediate	Intermediate	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	63.05	63.51	63.75	64.21	64.45	64.91	65.15
Camarilla	63.81	63.87	63.94	64.00	64.06	64.13	64.19
Woodie	62.95	63.46	63.65	64.16	64.35	64.86	65.05
Fibonacci	63.51	63.77	63.94	64.21	64.47	64.64	64.91

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	62.52	63.44	64.12	65.04	65.72	66.64	67.32
Camarilla	64.36	64.51	64.65	64.80	64.95	65.09	65.24
Woodie	62.40	63.38	64.00	64.98	65.60	66.58	67.20
Fibonacci	63.44	64.05	64.43	65.04	65.65	66.03	66.64

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):	65.87
MACD (12,26,9):	0.2000
Directional Movement:	25.88
AROON (14):	7.14
DEMA (21):	64.85
Parabolic SAR (0,02-0,02-0,2):	64.04
Elder Ray (13):	0.66
Super Trend (3,10):	64.37
Zig ZAG (10):	65.52
VORTEX (21):	1.0200
Stochastique (14,3,5):	79.80
TEMA (21):	65.14
Williams %R (14):	-21.21
Chande Momentum Oscillator (20):	0.94
Repulse (5,40,3):	-0.1100
ROCnROLL:	1
TRIX (15,9):	0.0000
Courbe Coppock:	2.30

MA7:	64.84
MA20:	64.87
MA50:	64.09
MA100:	61.55
MAexp7:	65.09
MAexp20:	64.67
MAexp50:	64.66
MAexp100:	64.74
Price / MA7:	+0.93%
Price / MA20:	+0.88%
Price / MA50:	+2.11%
Price / MA100:	+6.32%
Price / MAexp7:	+0.54%
Price / MAexp20:	+1.19%
Price / MAexp50:	+1.21%
Price / MAexp100:	+1.08%

Quotes : - 15 min delayed data - Euronext Paris

News

Don't forget to follow the news on DANONE. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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Londinia AI

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