Adidas AG Stock Forecast
Green day on Friday for Adidas AG
(Updated on May 17, 2024)
The Adidas AG stock price gained 0.217% on the last trading day (Friday, 17th May 2024), rising from $124.30 to $124.57. During the last trading day the stock fluctuated 0.645% from a day low at $124.03 to a day high of $124.83. The price has risen in 7 of the last 10 days and is up by 2.8% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 17 thousand shares were bought and sold for approximately $2.16 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 25.31% during the next 3 months and, with a 90% probability hold a price between $143.26 and $159.68 at the end of this 3-month period.
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ADDYY Signals & Forecast
The Adidas AG stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $123.16 and $117.18. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen -1.60%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Adidas AG stock
Adidas AG finds support from accumulated volume at $121.72 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.800 between high and low, or 0.645%. For the last week the stock has had daily average volatility of 0.94%.
Our recommended stop-loss: $118.82 (-4.62%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (ADDYY) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Adidas AG to open at $124.48, and during the day (based on 14 day Average True Range), to move between $122.34 and $126.80, which gives a possible trading interval of +/-$2.23 (+/-1.79%) up or down from last closing price. If Adidas AG takes out the full calculated possible swing range there will be an estimated 3.58% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $125.54 (0.78%) than the support at $121.72 (2.29%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Adidas AG stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Adidas AG stock to perform well in the short-term.
Current score: 1.797 Buy Candidate Unchanged
Predicted Opening Price for Adidas AG of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $124.48 ( 0.0750%) | $124.57 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ADDYY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 125.28 | 0.567 % | |
| R2 | 124.97 | 0.322 % | ||
| R1 | 124.78 | 0.170 % | ||
| Current price: | 124.57 | |||
| Support | S1 | 124.17 | -0.320 % | |
| S2 | 123.98 | -0.472 % | ||
| S3 | 123.68 | -0.717 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 126.60 | 1.63 % | ||
| R1 | 125.54 | 0.779 % | ||
| Current price | 124.57 | |||
| Support | S1 | 121.72 | -2.29% | |
| S2 | 100.11 | -19.64% | ||
| S3 | 97.78 | -21.51% |
ADDYY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 10, 2024 | May 17, 2024 | May 29, 2024 | $0.239 | 0.193% |
| 2 | May 12, 2023 | May 12, 2023 | May 23, 2023 | $0.386 | 0.452% |
| 3 | May 13, 2022 | May 13, 2022 | May 23, 2022 | $1.82 | 1.94% |
| 4 | May 07, 2021 | May 13, 2021 | May 25, 2021 | $1.78 | 0.96% |
| 5 | Apr 08, 2019 | May 10, 2019 | May 21, 2019 | $1.88 | 1.31% |
FAQ
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