Danone's Stock Rises by 3.5% and Leads the CAC 40

Danone's Stock Leads the CAC 40 with a Gain Bringing Monthly Performance to 17%

Danone's stock rises by 3.34% to €72.32, up from €69.98 at the previous close. The stock leads the CAC 40, while the Paris index drops by 0.75% for the session. Over a month, the gain reaches 17.17%, and nearly 7% over three months. Today's movement extends a dynamic that began in mid-June, following the announcement of the acquisition of Made Group in Australia, an operation aimed at strengthening the group's position in the protein segment in Asia-Pacific. Danone also acquired the remaining 49% of its local joint venture in fresh dairy products, two operations announced on June 22. However, the market context remains unfavorable for rate-sensitive stocks: the US PCE for May, published yesterday by the BEA, stands at 4.1% year-on-year, and the revision of Q1 GDP to 2.1% reinforces the hypothesis of a prolonged restrictive monetary policy in the US. In this climate, Danone's rise contrasts with the general decline of the Paris index.

A Tight Technical Setup with an RSI at 69 and a Price Above All Moving Averages

Today's rebound significantly lifts the price above its technical benchmarks. The MM20 (€65.54) and MM50 (€64.86) are surpassed by more than 10%, while the price moves back above the MM200 (€71.43) with a gap of 1.25%. The RSI at 69 approaches the overbought threshold, signaling a tight configuration after a rise of more than 10% in a week. The MACD remains positively oriented, with a signal line below the MACD line. The next identified resistance is at €78.46, approximately 8% above the current price. The rebound is part of a movement that began after the low of €62.28 reached in early May, when the stock had entered an oversold zone. The momentum reversed after the publication of annual results and a series of external growth operations.