ADIDAS AG NA O.N. - Daily - Technical analysis published on 05/29/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
17%
33%
50%
My opinion
Bullish above 203.2 EUR
My targets
232.2 EUR (+4.55%)
244.3 EUR (+10.00%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on ADIDAS AG NA O.N.. As long as you are above the support located at 203.2 EUR, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 232.2 EUR would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 244.3 EUR as an objective. Crossing it would then enable buyers to target 290.3 EUR. If the support 203.2 EUR were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
2
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ADIDAS AG NA O.N. rating 222.1 EUR. The price registered a decrease of -0.09% on the session with the lowest point at 221.3 EUR and the highest point at 222.1 EUR. The deviation from the price is +0.36% for the low point and 0% for the high point.221.3
222.1
222.1
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ADIDAS AG NA O.N.:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this ADIDAS AG NA O.N. chart shows a bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. There is no crossing of moving average by the price or crossing of moving averages between themselves.
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:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of triangle
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 176.3 | 197.2 | 222.1 | 222.1 | 232.2 | 244.3 | 290.3 |
| Change (%) | -20.62% | -11.21% | 0% | - | +4.55% | +10.00% | +30.71% |
| Change | -45.8 | -24.9 | 0 | - | +10.1 | +22.2 | +68.2 |
| Level | Minor | Major | Major | - | Major | Intermediate | 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 | 218.1 | 219.3 | 220.8 | 222.0 | 223.5 | 224.7 | 226.2 |
| Camarilla | 221.6 | 221.8 | 222.1 | 222.3 | 222.6 | 222.8 | 223.0 |
| Woodie | 218.3 | 219.4 | 221.0 | 222.1 | 223.7 | 224.8 | 226.4 |
| Fibonacci | 219.3 | 220.3 | 221.0 | 222.0 | 223.0 | 223.7 | 224.7 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 212.0 | 216.4 | 220.2 | 224.6 | 228.4 | 232.8 | 236.6 |
| Camarilla | 221.7 | 222.4 | 223.2 | 223.9 | 224.7 | 225.4 | 226.2 |
| Woodie | 211.6 | 216.3 | 219.8 | 224.5 | 228.0 | 232.7 | 236.2 |
| Fibonacci | 216.4 | 219.6 | 221.5 | 224.6 | 227.8 | 229.7 | 232.8 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 164.7 | 180.1 | 203.2 | 218.6 | 241.7 | 257.1 | 280.2 |
| Camarilla | 215.8 | 219.3 | 222.9 | 226.4 | 229.9 | 233.5 | 237.0 |
| Woodie | 168.7 | 182.0 | 207.2 | 220.5 | 245.7 | 259.0 | 284.2 |
| Fibonacci | 180.1 | 194.8 | 203.9 | 218.6 | 233.3 | 242.4 | 257.1 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 48.90 | |
| MACD (12,26,9): | 1.7000 | |
| Directional Movement: | -2.1 | |
| AROON (14): | 35.7 | |
| DEMA (21): | 227.2 | |
| Parabolic SAR (0,02-0,02-0,2): | 231.9 | |
| Elder Ray (13): | -2.7 | |
| Super Trend (3,10): | 216.3 | |
| Zig ZAG (10): | 221.9 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 17.10 | |
| TEMA (21): | 223.9 | |
| Williams %R (14): | -90.50 | |
| Chande Momentum Oscillator (20): | -2.7 | |
| Repulse (5,40,3): | 0.1000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.2000 | |
| Courbe Coppock: | 0.50 |
| MA7: | 223.8 | |
| MA20: | 225.2 | |
| MA50: | 216.2 | |
| MA100: | 198.0 | |
| MAexp7: | 223.6 | |
| MAexp20: | 223.8 | |
| MAexp50: | 216.0 | |
| MAexp100: | 205.0 | |
| Price / MA7: | -0.76% | |
| Price / MA20: | -1.38% | |
| Price / MA50: | +2.73% | |
| Price / MA100: | +12.17% | |
| Price / MAexp7: | -0.67% | |
| Price / MAexp20: | -0.76% | |
| Price / MAexp50: | +2.82% | |
| Price / MAexp100: | +8.34% |
Quotes :
-
15 min delayed data
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Germany Stocks
News
The latest news and videos published on ADIDAS AG NA O.N. at the time of the analysis were as follows:
- Nvidia, 3M, Fidelity, Sony, Adidas top 2024 Axios-Harris Poll 100 with best reputation; 70% of companies decline
-
How Adidas have overcome their Kanye West fallout thanks to long-time favourites. #Adidas #yeezy
- EQS-Adhoc: adidas delivers better-than-expected performance in the first quarter and increases its full-year guidance
-
Adidas shares slip on outlook
- EQS-Adhoc: adidas full-year results exceed latest expectations; company decides not to write off most of its Yeezy inventory
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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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