(News Bulletin 247) – A clearly affirmed bullish momentum on DANONE shares will invite active investors to position themselves for the purchase, within the framework of a swing trading operation.

KEY GRAPHIC ELEMENTS

The graphical analysis in daily data of the DANONE share makes it possible to identify an upward trend in the short term as well as in the medium term, since the exit from a long range as of February 15. In terms of trend indicators, the 20-day moving average (in dark blue) acts as a support for prices. The trading volume is on the rise, a technical data favorable to our anticipation. The relative position of the remarkable moving averages, compared to the market, illustrates the durability of its outperformance.

FORECAST

In view of the key chart factors we have mentioned, our opinion is bullish on DANONE stock in the short term.

Active investors will take a buying position on DANONE shares at a price of €56,450 with a target of €65,000 in sight. They will protect their capital by placing a stop at €52,290.

The News Bulletin 247 board

DANONE
Positive 56.450 €
Objective :
€65,000
Potential :
+15.15%
Stop:
52.290 €
Resistance(s):
65,000 / 70,000
Medium(s):
53,850 / 52,400 / 51,100

CHART IN DAILY DATA

Graphic made from the software Prorealtime



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