ADIDAS AG NA O.N. - Daily - Technical analysis published on 07/01/2024 (GMT)
- 145
- 0
- Timeframe : Daily
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Slightly bullish
Technical indicators
50%
17%
33%
My opinion
Neutral between 212.8 EUR and 232.7 EUR
My targets
-
My analysis
The basic trend is slightly bullish and the short term is tentatively bearish. With such a pattern, the price could just as easily move towards the first support as the first resistance. The first support is located at 212.8 EUR. The first resistance is located at 232.7 EUR. With no basic trend, it will be important to monitor the reaction of the price to the levels cited. A bearish break in the support could quickly reverse the basic trend. A bullish break in resistance would be welcome to boost the slightly bullish basic trend. On the other hand, if the price is blocked by support or resistance, it could be attractive to trade against the trend on the last short-term movement registered by ADIDAS AG NA O.N..
Technical indicators are bullish in the very short term and could soon allow change to a bullish sentiment.
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
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. rating is 222.2 EUR. On the day, this instrument lost -0.36% with the lowest point at 220.7 EUR and the highest point at 225.3 EUR. The deviation from the price is +0.68% for the low point and -1.38% for the high point.220.7
225.3
222.2
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
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
Technical analysis of ADIDAS AG NA O.N. in Daily shows an overall slightly bullish trend. 57.14% of the signals given by moving averages are bullish. Caution: the slightly bearish signals currently given by short-term moving averages indicate that this slightly bullish trend could be reversed. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : Daily
In fact, only 9 technical indicators out of 18 studied are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near support of channel
Type : Bullish
Timeframe : Daily
Horizontal support is broken
Type : Bearish
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 | R1 | Price | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 161.5 | 179.6 | 197.2 | 222.2 | 222.2 | 232.7 | 244.3 |
| Change (%) | -27.34% | -19.19% | -11.25% | 0% | - | +4.73% | +9.95% |
| Change | -60.7 | -42.6 | -25.0 | 0 | - | +10.5 | +22.1 |
| Level | Major | Minor | Major | Intermediate | - | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 214.1 | 217.3 | 220.1 | 223.3 | 226.1 | 229.3 | 232.1 |
| Camarilla | 221.4 | 221.9 | 222.5 | 223.0 | 223.6 | 224.1 | 224.7 |
| Woodie | 214.0 | 217.2 | 220.0 | 223.2 | 226.0 | 229.2 | 232.0 |
| Fibonacci | 217.3 | 219.6 | 221.0 | 223.3 | 225.6 | 227.0 | 229.3 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 207.3 | 211.8 | 217.4 | 221.9 | 227.5 | 232.0 | 237.6 |
| Camarilla | 220.2 | 221.2 | 222.1 | 223.0 | 223.9 | 224.9 | 225.8 |
| Woodie | 207.9 | 212.1 | 218.0 | 222.2 | 228.1 | 232.3 | 238.2 |
| Fibonacci | 211.8 | 215.7 | 218.0 | 221.9 | 225.8 | 228.1 | 232.0 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 190.8 | 202.5 | 212.8 | 224.5 | 234.8 | 246.5 | 256.8 |
| Camarilla | 217.0 | 219.0 | 221.0 | 223.0 | 225.0 | 227.0 | 229.1 |
| Woodie | 190.0 | 202.2 | 212.0 | 224.2 | 234.0 | 246.2 | 256.0 |
| Fibonacci | 202.5 | 210.9 | 216.1 | 224.5 | 232.9 | 238.1 | 246.5 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 49.60 | |
| MACD (12,26,9): | -1.1000 | |
| Directional Movement: | 4.2 | |
| AROON (14): | -35.8 | |
| DEMA (21): | 221.7 | |
| Parabolic SAR (0,02-0,02-0,2): | 214.5 | |
| Elder Ray (13): | 0.8 | |
| Super Trend (3,10): | 229.8 | |
| Zig ZAG (10): | 223.0 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 51.00 | |
| TEMA (21): | 219.4 | |
| Williams %R (14): | -49.10 | |
| Chande Momentum Oscillator (20): | -4.7 | |
| Repulse (5,40,3): | 0.0000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.1000 | |
| Courbe Coppock: | 7.20 |
| MA7: | 220.9 | |
| MA20: | 224.1 | |
| MA50: | 225.7 | |
| MA100: | 209.9 | |
| MAexp7: | 221.8 | |
| MAexp20: | 222.9 | |
| MAexp50: | 220.9 | |
| MAexp100: | 212.3 | |
| Price / MA7: | +0.59% | |
| Price / MA20: | -0.85% | |
| Price / MA50: | -1.55% | |
| Price / MA100: | +5.86% | |
| Price / MAexp7: | +0.18% | |
| Price / MAexp20: | -0.31% | |
| Price / MAexp50: | +0.59% | |
| Price / MAexp100: | +4.66% |
Quotes :
-
15 min delayed data
-
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…
Add a comment
Comments
0 comments on the analysis ADIDAS AG NA O.N. - Daily