Danone Shares Gain 2.5% and Challenge Key Resistance at €74.40

Intra-session Breach of the €74.40 Resistance

Danone shares advanced by 2.48% to €74.30 during the session, after reaching a high of €74.48 which broke through the identified resistance at €74.40. The stock quickly fell back below this threshold, without invalidating the bullish momentum. The price is now significantly above its three moving averages, with a gap of nearly 8% over the MM20 (€68.82) and more than 13% over the MM50 (€65.56).

The RSI has risen to 66, on the edge of the overbought zone, reflecting the intensity of the recent movement: the stock has gained more than 15% over one month and 7.3% over three months. The session places Danone among the leaders of the CAC 40, which is up 0.30%, alongside a particularly sought-after consumer sector (Pernod Ricard +5.3%, Carrefour +4.3%, L'Oréal +3.6%).

Momentum Fueled by a Series of Strategic Announcements in Asia-Pacific

Today's movement extends a well-identified sequence from recent weeks. On June 22, the group announced the acquisition of Australian company Made Group and the takeover of the remaining 49% of its joint venture in fresh dairy products in Australia, two operations aimed at accelerating healthy nutrition and proteins in the Asia-Pacific region. This external growth dynamic was followed by an upward revision of targets by a major foreign bank in early July, already reported in a previous publication on the stock entering the overbought zone.

The headquarters is in Paris, with Gilles Schnepp presiding over the board of directors. In the short term, the resistance at €74.40 remains the technical reference point of the moment: the stock tested it during the session and was trading just below it in mid-afternoon.