BN Technical Analysis - DANONE

Technical Rating and Analysis

We assign a technical rating of 10 out of 10 to BN. Both in the recent history as in the last year, BN has proven to be a steady performer, scoring decent points in every aspect analyzed.

Both the short term and long term trends are positive. This is a very positive sign.

When comparing the yearly performance of all stocks, we notice that BN is one of the better performing stocks in the market, outperforming 82% of all stocks.

BN is part of the Food Products industry. There are 59 other stocks in this industry. BN outperforms 75% of them.

BN is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month BN has a been trading in the 71.84 - 78.28 range, which is quite wide. It is currently trading near the high of this range.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

Setup Rating and Analysis

Although BN has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

More info and screens

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

66.11

78.41

When analyzing the support we can see 5 important areas.

A support zone ranging from 76.94 to 77.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
A support zone ranging from 72.14 to 74.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @70.78 from a horizontal line in the daily time frame.
Support @68.86 from a trend line in the weekly time frame.
Support @66.78 from a horizontal line in the weekly time frame.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	UP	POSITIVE	The long term trend for BN.PA is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for BN.PA is up.
ChartMill Relative Strength	82.71	POSITIVE	BN.PA has a high relative strength, it outperformed 82.71% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of BN.PA is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of BN.PA is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of BN.PA is above the rising SMA(200).
Relative Strength Index/RSI (14)	68.29	NEUTRAL	The RSI value for BN.PA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.35	POSITIVE	The MACD value suggests BN.PA has a positive trend.
Stochastics (14,3)	84.02	OVERBOUGHT	The high Stochastics value suggests BN.PA may be overbought.
Average True Range in percent/ATR (20)	1.62	LOW VOLATILITY	The low ATR as a percentage value for BN.PA suggests low volalility.
Average Directional Index/ADX (14)	23.81	NEUTRAL	The ADX value for BN.PA suggests a possible start of a new trend.