Danone stock: week 7, declared stops breached
Danone stock falls 3.5% and closes below last week's declared stop levels
Danone stock: week 7, declared stops breached
Our view last week
Danone loses 4.1% this week, but bounces back off its daily EMA50 with 86% of volume on the buy side: a solid defense, even though money flow stays in negative territory. On the weekly chart the picture is losing steam, with the MACD deteriorating and only 3 of the 4 structural moving averages still aligned. Earnings land this week, on July 29th: an extra risk factor to watch. The trade remains up 4.2% since entry.
This week's summary
Danone stock falls 3.5% this week, closing on a session of clearly dominant selling: the buying push that had supported the rebound has collapsed. The weekly technical analysis confirms a weak-bullish picture, with only 2 of the 4 structural moving averages still aligned and the MACD deteriorating. Price closed below the first stop level (SL1) and the second stop level (SL2) flagged in last week's card (68.82 area, 68.77 area): for anyone following those levels the trade is closed.
IQS Phase
45
ordinary
Signal Strength
37
medium · weak
Sizing
REDUCED
Ranking
#47 / 61
EU-UK stocks in progress
Trade P&L %
+0.51%
from signal to date, no stop loss
Rank position
ranks 47th among the 61 Longs already running for European-UK stocks in our ranking, with a signal strength of 37 out of 100.
Sector context
SectorEuropean
Benchmark ETFXLP
Sector regimein positive regime
Performanceweekly +1.09% · monthly +2.10%
BN belongs to the european sector (reference ETF XLP). The sector is classified in positive regime according to our weekly reading.
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