Ongoing decline · week 9 of the Sell signal
Danone slips 0.7%: a new 90-week low, then a close in the upper half of the range
Our view last week
Danone closes a 7th straight losing week, down 1.6%, and sellers take 91% of volume in the weekly bar, up from 80% a week earlier. Danone stock is sliding onto its 30-day lows, in the 59.4 area, with MACD and RSI still falling and money flow worsening again. Technical analysis says the decline is holding its course: for swing trading, the short is up 12.7% since the open.
This week's summary
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.
IQS Phase
70
in tension
Signal Strength
13
decline losing steam
Sizing
MINIMUM
Ranking
#59 / 89
EU-UK stocks
Trade P&L %
+13.34%
from signal to date, no stop loss
Danone (BN) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 59th among the 89 sell signals for European-UK stocks in our ranking, with a signal strength of 13 out of 100.
Sector context
SectorEuropean
Benchmark ETFXLP
Sector regimeweak phase
Performanceweekly -1.86% · monthly -5.85%
BN belongs to the european sector (reference ETF XLP). The sector is classified weak phase according to our weekly reading.
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