Danone: sell signal in its 3rd week
Danone stock drops 1.4% as the weekly ADX loses conviction
Our view last week
Danone shares extend their run of lower highs on the daily chart, from the 73 area toward 68, and the week closes down 1.4%. Compared with seven days ago, when the Sell signal had just kicked in with barely any push, the picture has firmed up: 3 warning signals out of 11 now show up in the weekly technical analysis, and the decline is starting to make lower lows. The confirmation week is still open.
This week's summary
Danone stock closes another red week, down 1.4%, and the sell signal reaches its 3rd week: 3 warnings out of 11 in the weekly technical analysis, lower highs on the daily chart from the 73 area toward 68, volume in contraction. Signal strength reads a downtrend making lower lows with pace holding, no sign of exhaustion yet — but the weekly ADX is sliding and the trend is losing conviction. The confirmation week is still open.
IQS Phase
41
ordinary
Signal Strength
46
downtrend making lower lows, pace holding
Sizing
REDUCED
Ranking
#8 / 46
EU-UK stocks sell signals
Trade P&L %
+2.79%
from signal to date, no stop loss
Rank position
ranks 8th among the 46 sell signals for European-UK stocks in our ranking, with a signal strength of 46 out of 100.
Sector context
SectorEuropean
Benchmark ETFXLP
Sector regimein strong phase
Performanceweekly -0.12% · monthly +1.91%
BN belongs to the european sector (reference ETF XLP). The sector is classified in strong phase according to our weekly reading.
restricted Platinum content