ADIDAS AG NA O.N. - 1H - Technical analysis published on 09/27/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 232.4 EUR
My targets
244.3 EUR (+3.43%)
270.6 EUR (+14.55%)
My analysis
The bullish trend is currently very strong on ADIDAS AG NA O.N.. As long as the price remains above the support at 232.4 EUR, you could try to benefit from the boom. The first bullish objective is located at 244.3 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 270.6 EUR as an objective. Crossing it would then enable buyers to target 290.5 EUR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.6
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This analysis was given by chookich. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ADIDAS AG NA O.N. rating is 236.2 EUR. On the day, this instrument gained +1.03% with the lowest point at 234.8 EUR and the highest point at 237.2 EUR. The deviation from the price is +0.60% for the low point and -0.42% for the high point.234.8
237.2
236.2
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
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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 14 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
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 | 223.0 | 227.5 | 232.4 | 236.2 | 236.5 | 244.3 | 290.5 |
| Change (%) | -5.60% | -3.68% | -1.62% | - | +0.13% | +3.43% | +22.97% |
| Change | -13.2 | -8.7 | -3.8 | - | +0.3 | +8.1 | +54.3 |
| Level | Intermediate | 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 | 220.1 | 223.8 | 228.8 | 232.5 | 237.5 | 241.2 | 246.2 |
| Camarilla | 231.4 | 232.2 | 233.0 | 233.8 | 234.6 | 235.4 | 236.2 |
| Woodie | 220.8 | 224.1 | 229.5 | 232.8 | 238.2 | 241.5 | 246.9 |
| Fibonacci | 223.8 | 227.1 | 229.2 | 232.5 | 235.8 | 237.9 | 241.2 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 203.7 | 210.4 | 214.1 | 220.8 | 224.5 | 231.2 | 234.9 |
| Camarilla | 214.9 | 215.9 | 216.9 | 217.8 | 218.8 | 219.7 | 220.7 |
| Woodie | 202.2 | 209.7 | 212.6 | 220.1 | 223.0 | 230.5 | 233.4 |
| Fibonacci | 210.4 | 214.4 | 216.8 | 220.8 | 224.8 | 227.2 | 231.2 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 187.2 | 197.9 | 215.0 | 225.7 | 242.8 | 253.5 | 270.6 |
| Camarilla | 224.4 | 226.9 | 229.5 | 232.0 | 234.6 | 237.1 | 239.7 |
| Woodie | 190.3 | 199.5 | 218.1 | 227.3 | 245.9 | 255.1 | 273.7 |
| Fibonacci | 197.9 | 208.6 | 215.1 | 225.7 | 236.4 | 242.9 | 253.5 |
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): | 78.90 | |
| MACD (12,26,9): | 3.9000 | |
| Directional Movement: | 33.8 | |
| AROON (14): | 78.6 | |
| DEMA (21): | 235.0 | |
| Parabolic SAR (0,02-0,02-0,2): | 232.3 | |
| Elder Ray (13): | 3.8 | |
| Super Trend (3,10): | 230.5 | |
| Zig ZAG (10): | 237.2 | |
| VORTEX (21): | 1.2000 | |
| Stochastique (14,3,5): | 90.70 | |
| TEMA (21): | 237.3 | |
| Williams %R (14): | -0.70 | |
| Chande Momentum Oscillator (20): | 13.7 | |
| Repulse (5,40,3): | 0.9000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2000 | |
| Courbe Coppock: | 11.20 |
| MA7: | 225.2 | |
| MA20: | 221.9 | |
| MA50: | 222.2 | |
| MA100: | 223.7 | |
| MAexp7: | 234.4 | |
| MAexp20: | 230.3 | |
| MAexp50: | 225.7 | |
| MAexp100: | 223.1 | |
| Price / MA7: | +4.88% | |
| Price / MA20: | +6.44% | |
| Price / MA50: | +6.30% | |
| Price / MA100: | +5.59% | |
| Price / MAexp7: | +0.77% | |
| Price / MAexp20: | +2.56% | |
| Price / MAexp50: | +4.65% | |
| Price / MAexp100: | +5.87% |
Quotes :
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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:
-
Keir Starmer wore his own Team GB Adidas jacket as he met British athletes training in Paris.
-
Why did Adidas drop Bella Hadid after 'sick' campaign?
- EQS-Adhoc: adidas increases its full-year guidance following better-than-expected second quarter results
- 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
This member declared not having a position on this financial instrument or a related financial instrument.
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