Danone SA Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Danone SA stock price ended at 59.12€ on Friday, after gaining 0.442%.
(Updated on May 31, 2024)
The Danone SA stock price gained 0.442% on the last trading day (Friday, 31st May 2024), rising from 58.86€ to 59.12€. During the last trading day the stock fluctuated 1.36% from a day low at 58.76€ to a day high of 59.56€. The price has fallen in 5 of the last 10 days and is down by -1.37% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 million more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately 154.14€ million.
The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Danone SA stock with a 90% probability to be traded between 57.94€ and 60.34€ at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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BN.PA Signals & Forecast
The Danone SA stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at 59.00€ and 59.09€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 1.03%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Tuesday, May 07, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Tuesday, May 07, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
A sell signal from a double top formation was found on Tuesday, May 21, 2024 and based on theory for this formation the price should fall by -4.73% to 56.32€ within 20 trading days since signal was issued (Monday, June 03, 2024).
Support, Risk & Stop-loss for Danone SA stock
Danone SA finds support from accumulated volume at 58.66€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved 0.80€ between high and low, or 1.36%. For the last week the stock has had daily average volatility of 0.94%.
Our recommended stop-loss: 55.56€ (-6.01%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (BN.PA) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Danone SA to open at 59.15€, and during the day (based on 14 day Average True Range), to move between 58.48€ and 59.76€, which gives a possible trading interval of +/-0.639€ (+/-1.08%) up or down from last closing price. If Danone SA takes out the full calculated possible swing range there will be an estimated 2.16% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 59.32€ (0.34%) than the support at 58.66€ (0.78%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Danone SA stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Danone SA stock to perform well in the short-term period.
Current score: 3.015 Buy Candidate Unchanged
Predicted Opening Price for Danone SA of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| 59.15€ ( 0.0451%) | 59.12€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BN.PA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 59.95 | 1.40 % | |
| R2 | 59.64 | 0.88 % | ||
| R1 | 59.45 | 0.562 % | ||
| Current price: | 59.12 | |||
| Support | S1 | 58.84 | -0.472 % | |
| S2 | 58.65 | -0.791 % | ||
| S3 | 58.35 | -1.31 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 59.94 | 1.39 % | |
| R2 | 59.60 | 0.81 % | ||
| R1 | 59.32 | 0.338 % | ||
| Current price | 59.12 | |||
| Support | S1 | 58.66 | -0.778% | |
| S2 | 58.52 | -1.01% | ||
| S3 | 57.62 | -2.54% |
BN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 03, 2024 | May 03, 2024 | May 07, 2024 | 2.10€ | 3.58% |
| 2 | May 09, 2023 | May 09, 2023 | May 09, 2023 | 2.00€ | 3.40% |
| 3 | May 10, 2022 | May 10, 2022 | May 10, 2022 | 1.94€ | 3.54% |
| 4 | May 10, 2021 | May 10, 2021 | May 10, 2021 | 1.94€ | 3.37% |
| 5 | Feb 26, 2020 | Jul 14, 2020 | Jul 16, 2020 | 2.10€ | 3.49% |
FAQ
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