ADIDAS AG NA O.N. - 1H - Technical analysis published on 06/15/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
22%
39%
39%
My opinion
Bullish above 169.63 EUR
My targets
178.69 EUR (+2.72%)
188.21 EUR (+8.19%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ADIDAS AG NA O.N. as long as the price remains well above 169.63 EUR. The buyers' bullish objective is set at 178.69 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 188.21 EUR. If there is any crossing, the next objective would be the resistance located at 244.30 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
5.5
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ADIDAS AG NA O.N. price is 173.96 EUR. The price registered a decrease of -0.42% on the session and was between 172.34 EUR and 178.82 EUR. This implies that the price is at +0.94% from its lowest and at -2.72% from its highest.172.34
178.82
173.96
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of ADIDAS AG NA O.N. indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Black gravestone / inverted hammer
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 157.27 | 161.46 | 169.63 | 173.96 | 174.78 | 188.21 | 244.30 |
| Change (%) | -9.59% | -7.19% | -2.49% | - | +0.47% | +8.19% | +40.43% |
| Change | -16.69 | -12.50 | -4.33 | - | +0.82 | +14.25 | +70.34 |
| Level | Intermediate | Major | Intermediate | - | Intermediate | Minor | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 171.39 | 172.13 | 173.41 | 174.15 | 175.43 | 176.17 | 177.45 |
| Camarilla | 174.15 | 174.33 | 174.52 | 174.70 | 174.89 | 175.07 | 175.26 |
| Woodie | 171.67 | 172.27 | 173.69 | 174.29 | 175.71 | 176.31 | 177.73 |
| Fibonacci | 172.13 | 172.90 | 173.38 | 174.15 | 174.92 | 175.40 | 176.17 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 153.13 | 155.19 | 157.59 | 159.65 | 162.05 | 164.11 | 166.51 |
| Camarilla | 158.77 | 159.18 | 159.59 | 160.00 | 160.41 | 160.82 | 161.23 |
| Woodie | 153.31 | 155.28 | 157.77 | 159.74 | 162.23 | 164.20 | 166.69 |
| Fibonacci | 155.19 | 156.89 | 157.94 | 159.65 | 161.35 | 162.40 | 164.11 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 123.97 | 137.57 | 144.53 | 158.13 | 165.09 | 178.69 | 185.65 |
| Camarilla | 145.85 | 147.73 | 149.62 | 151.50 | 153.39 | 155.27 | 157.15 |
| Woodie | 120.66 | 135.91 | 141.22 | 156.47 | 161.78 | 177.03 | 182.34 |
| Fibonacci | 137.57 | 145.42 | 150.27 | 158.13 | 165.98 | 170.83 | 178.69 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 55.94 | |
| MACD (12,26,9): | 1.6400 | |
| Directional Movement: | 14.08 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 175.64 | |
| Parabolic SAR (0,02-0,02-0,2): | 178.45 | |
| Elder Ray (13): | -0.17 | |
| Super Trend (3,10): | 172.69 | |
| Zig ZAG (10): | 173.46 | |
| VORTEX (21): | 1.0500 | |
| Stochastique (14,3,5): | 14.26 | |
| TEMA (21): | 174.98 | |
| Williams %R (14): | -83.95 | |
| Chande Momentum Oscillator (20): | -0.26 | |
| Repulse (5,40,3): | -0.6700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1900 | |
| Courbe Coppock: | 1.39 |
| MA7: | 166.86 | |
| MA20: | 160.06 | |
| MA50: | 161.47 | |
| MA100: | 153.38 | |
| MAexp7: | 174.05 | |
| MAexp20: | 173.11 | |
| MAexp50: | 169.08 | |
| MAexp100: | 165.13 | |
| Price / MA7: | +4.26% | |
| Price / MA20: | +8.68% | |
| Price / MA50: | +7.74% | |
| Price / MA100: | +13.42% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | +0.49% | |
| Price / MAexp50: | +2.89% | |
| Price / MAexp100: | +5.35% |
Quotes :
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15 min delayed data
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Germany Stocks
News
The last news published on ADIDAS AG NA O.N. at the time of the generation of this analysis was as follows:
- ADDYY LAWSUIT ALERT: Levi & Korsinsky Notifies adidas AG Investors of a Class Action Lawsuit and Upcoming Deadline
- SHAREHOLDER ALERT: The Gross Law Firm Notifies Shareholders of adidas AG of a Class Action Lawsuit and a Lead Plaintiff Deadline of June 27, 2023 - (OTC Other: ADDYY)
- ADDYY ALERT: The Klein Law Firm Announces a Lead Plaintiff Deadline of June 27, 2023 in the Class Action Filed on Behalf of adidas AG Shareholders
- ROSEN, A LEADING INVESTOR RIGHTS LAW FIRM, Encourages adidas AG Investors with Losses to Secure Counsel Before Important June 27 Deadline in Securities Class Action Filed by the Firm - ADDYY, ADDDF
- CLASS ACTION ALERT: The Law Offices of Vincent Wong Remind adidas Investors of a Lead Plaintiff Deadline of June 27, 2023
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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