Danone SA Stock Forecast
Green day on Friday for Danone SA
(Updated on May 10, 2024)
The Danone SA stock price gained 0.405% on the last trading day (Friday, 10th May 2024), rising from 59.26€ to 59.50€. During the last trading day the stock fluctuated 0.540% from a day low at 59.28€ to a day high of 59.60€. The price has risen in 6 of the last 10 days and is up by 0.34% over the past 2 weeks. Volume fell on the last day by -1 thousand shares and in total, 108 shares were bought and sold for approximately 6.43€ thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at 59.95€ will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -3.47% during the next 3 months and, with a 90% probability hold a price between 54.81€ and 57.87€ at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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BSN.F Signals & Forecast
The Danone SA stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 58.89€ and 58.85€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, May 03, 2024, and so far it has risen 2.87%. Further rise is indicated until a new top pivot has been found. 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). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
A buy signal from a double bottom formation was found on Friday, May 03, 2024 with a target of 58.67€. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.
Support, Risk & Stop-loss for Danone SA stock
Danone SA finds support from accumulated volume at 59.32€ 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved 0.320€ between high and low, or 0.540%. For the last week the stock has had daily average volatility of 0.87%
Our recommended stop-loss: 56.74€ (-4.64%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (BSN.F) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Danone SA to open at 59.46€, and during the day (based on 14 day Average True Range), to move between 58.72€ and 60.28€, which gives a possible trading interval of +/-0.778€ (+/-1.31%) up or down from last closing price. If Danone SA takes out the full calculated possible swing range there will be an estimated 2.62% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 59.32€ (0.30%) than the resistance at 59.94€ (0.74%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Danone SA stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 1.056 Buy Candidate Unchanged
Predicted Opening Price for Danone SA of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| 59.46€ ( 0.0672%) | 59.50€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BSN.F
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 59.78 | 0.471 % | |
| R2 | 59.66 | 0.265 % | ||
| R1 | 59.58 | 0.138 % | ||
| Current price: | 59.50 | |||
| Support | S1 | 59.34 | -0.273 % | |
| S2 | 59.26 | -0.400 % | ||
| S3 | 59.14 | -0.605 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 61.64 | 3.60 % | |
| R2 | 60.83 | 2.24 % | ||
| R1 | 59.94 | 0.739 % | ||
| Current price | 59.50 | |||
| Support | S1 | 59.32 | -0.303% | |
| S2 | 58.64 | -1.45% | ||
| S3 | 57.62 | -3.16% |
BSN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 03, 2024 | May 03, 2024 | May 03, 2024 | 0€ | 0% |
| 2 | May 09, 2023 | May 09, 2023 | May 09, 2023 | 2.00€ | 0% |
| 3 | May 10, 2022 | May 10, 2022 | May 10, 2022 | 1.94€ | 0% |
| 4 | May 10, 2021 | May 10, 2021 | May 10, 2021 | 1.94€ | 0% |
| 5 | Feb 26, 2020 | Jul 14, 2020 | Jul 16, 2020 | 2.10€ | 0% |
FAQ
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