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 12/16/2024 (GMT)

Londinia

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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%

11%

50%

My opinion

Bullish above 64.80 EUR

My targets

65.54 EUR (+0.58%)

66.71 EUR (+2.38%)

My analysis

The bullish trend is currently very strong on DANONE. As long as the price remains above the support at 64.80 EUR, you could try to benefit from the boom. The first bullish objective is located at 65.54 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 66.71 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

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

DANONE rating 65.16 EUR. The price registered a decrease of -0.12% on the session with the lowest point at 64.90 EUR and the highest point at 65.26 EUR. The deviation from the price is +0.40% for the low point and -0.15% for the high point.

64.90

65.26

65.16

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

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

Technical analysis of DANONE in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Bullish trend reversal : Moving Average 50

Type : Bullish

Timeframe : 1 hour

In fact, only 7 technical indicators out of 18 studied are currently positioned bullish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	64.00	64.18	64.80	65.16	65.37	65.54	65.72
Change (%)	-1.78%	-1.50%	-0.55%	-	+0.32%	+0.58%	+0.86%
Change	-1.16	-0.98	-0.36	-	+0.21	+0.38	+0.56
Level	Major	Intermediate	Intermediate	-	Intermediate	Intermediate	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	64.40	64.60	64.92	65.12	65.44	65.64	65.96
Camarilla	65.10	65.15	65.19	65.24	65.29	65.34	65.38
Woodie	64.46	64.63	64.98	65.15	65.50	65.67	66.02
Fibonacci	64.60	64.80	64.92	65.12	65.32	65.44	65.64

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	62.77	63.29	64.27	64.79	65.77	66.29	67.27
Camarilla	64.83	64.97	65.10	65.24	65.38	65.52	65.65
Woodie	62.99	63.41	64.49	64.91	65.99	66.41	67.49
Fibonacci	63.29	63.87	64.22	64.79	65.37	65.72	66.29

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	60.47	62.29	63.47	65.29	66.47	68.29	69.47
Camarilla	63.84	64.11	64.39	64.66	64.94	65.21	65.49
Woodie	60.16	62.13	63.16	65.13	66.16	68.13	69.16
Fibonacci	62.29	63.43	64.14	65.29	66.43	67.14	68.29

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):	57.10
MACD (12,26,9):	0.1200
Directional Movement:	4.26
AROON (14):	7.14
DEMA (21):	65.18
Parabolic SAR (0,02-0,02-0,2):	65.27
Elder Ray (13):	0.15
Super Trend (3,10):	64.62
Zig ZAG (10):	65.18
VORTEX (21):	1.1600
Stochastique (14,3,5):	69.23
TEMA (21):	65.22
Williams %R (14):	-30.77
Chande Momentum Oscillator (20):	-0.06
Repulse (5,40,3):	0.0600
ROCnROLL:	1
TRIX (15,9):	0.0300
Courbe Coppock:	0.35

MA7:	64.78
MA20:	64.80
MA50:	65.14
MA100:	64.02
MAexp7:	65.12
MAexp20:	65.01
MAexp50:	64.85
MAexp100:	64.80
Price / MA7:	+0.59%
Price / MA20:	+0.56%
Price / MA50:	+0.03%
Price / MA100:	+1.78%
Price / MAexp7:	+0.06%
Price / MAexp20:	+0.23%
Price / MAexp50:	+0.48%
Price / MAexp100:	+0.56%

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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