Ongoing decline · week 10 of the Sell signal
Danone slips 0.7%: capped by the 20-day average, the 57 area low holds
Our view last week
Danone carved out a new 90-week low, in the 57 area, then climbed off it: the week lost 0.7% and closed in the upper half of its range, after 5 straight closes in the lower half. Danone stock is down for an 8th consecutive week, with the RSI at 33, the MACD below its Signal line and the ADX rising to 21. Technical analysis shows a decline that holds its course, with a first reaction at the low: for swing trading, the short is up 13.3% since the open.
This week's summary
Danone gives up another 0.7% and logs a 9th straight weekly loss, but this time without a fresh 90-week low in the 57 area: higher up, the 20-day average turned the price back again. Danone stock stays in a downtrend, with the RSI at 32 and the ADX rising to 22.5, while money flow, still negative, has been improving for 2 weeks. Technical analysis shows a decline keeping its pace on contracting volume: for swing trading, the short is up 13.95% since the open.
IQS Phase
73
in tension
Signal Strength
21
decline starting to make lower lows
Sizing
MINIMUM
Ranking
#50 / 93
EU-UK stocks
Trade P&L %
+13.95%
from signal to date, no stop loss
Danone (BN) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 50th among the 93 sell signals for European-UK stocks in our ranking, with a signal strength of 21 out of 100.
Sector context
SectorEuropean
Benchmark ETFXLP
Sector regimein positive regime
Performanceweekly +3.60% · monthly +0.46%
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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