adidas AG Stock Forecast
adidas AG stock price ended at 216.00€ on Tuesday, after losing 1.59%.
(Updated on Jul 02, 2024)
The adidas AG stock price fell by -1.59% on the last day (Tuesday, 2nd Jul 2024) from 219.50€ to 216.00€. During the last trading day the stock fluctuated 4.16% from a day low at 211.30€ to a day high of 220.10€. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -43 thousand shares and in total, 452 thousand shares were bought and sold for approximately 97.62€ million.
The stock lies in the middle of a wide and weak 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 6.63% during the next 3 months and, with a 90% probability hold a price between 223.45€ and 253.61€ at the end of this 3-month period.
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ADS.DE Signals & Forecast
There are few to no technical positive signals at the moment. The adidas AG stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 220.19€ and 225.21€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 03, 2024, and so far it has fallen -7.26%. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for adidas AG stock
On the downside, the stock finds support just below today's level from accumulated volume at 204.60€ and 201.60€. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, adidas AG finds support just below today's level at 204.60€. If this is broken, then the next support from accumulated volume will be at 201.60€ and 196.40€.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved 8.80€ (4.16%) between high and low. For the last week, the stock has had daily average volatility of 2.67%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ADS.DE) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect adidas AG to open at 215.80€, and during the day (based on 14 day Average True Range), to move between 210.80€ and 221.20€, which gives a possible trading interval of +/-5.20€ (+/-2.41%) up or down from last closing price. If adidas AG takes out the full calculated possible swing range there will be an estimated 4.82% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 220.00€ (1.85%) than the support at 204.60€ (5.28%), 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?
The adidas AG stock holds several negative signals and despite the positive trend, we believe adidas AG will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.327 Sell Candidate Unchanged
Predicted Opening Price for adidas AG of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| 215.80€ ( 0.0926%) | 216.00€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ADS.DE
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 224.60 | 3.98% |
| R2 | 221.24 | 2.43% |
| R1 | 219.16 | 1.46% |
| Price | 216.00 | |
| S1 | 212.44 | -1.65% |
| S2 | 210.36 | -2.61% |
| S3 | 207.00 | -4.17% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 231.50 | 7.18% |
| R2 | 225.90 | 4.58% |
| R1 | 220.00 | 1.85% |
| Price | 216.00 | |
| S1 | 204.60 | -5.28% |
| S2 | 201.60 | -6.67% |
| S3 | 196.40 | -9.07% |
ADS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 17, 2024 | May 17, 2024 | May 22, 2024 | 0.700€ | 0.311% |
| 2 | May 12, 2023 | May 12, 2023 | May 12, 2023 | 0.700€ | 0.425% |
| 3 | May 13, 2022 | May 13, 2022 | May 13, 2022 | 3.30€ | 1.82% |
| 4 | May 13, 2021 | May 13, 2021 | May 13, 2021 | 3.00€ | 1.05% |
| 5 | May 15, 2020 | May 15, 2020 | May 15, 2020 | 3.85€ | 1.92% |
FAQ
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