adidas AG Stock Forecast

adidas AG stock price down 1.06% on Thursday
(Updated on May 02, 2024)

ADS.F Signals & Forecast

The adidas AG stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately 227.94€. On a fall, the stock will find some support from the long-term average at approximately 209.50€. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Monday, April 29, 2024, and so far it has fallen -3.57%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The stock had a Golden Star Signal on Thursday, February 15, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for adidas AG stock

adidas AG finds support from accumulated volume at 220.00€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved 5.60€ between high and low, or 2.52%. For the last week, the stock has had daily average volatility of 2.36%.

Our recommended stop-loss: 213.10€ (-4.87%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (ADS.F) For The Upcoming Trading Day Of Friday 3rd

For the upcoming trading day on Friday, 3rd we expect adidas AG to open at 224.80€, and during the day (based on 14 day Average True Range), to move between 218.40€ and 229.60€, which gives a possible trading interval of +/-5.60€ (+/-2.50%) up or down from last closing price. If adidas AG takes out the full calculated possible swing range there will be an estimated 5.00% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 224.60€ (0.27%) than the support at 220.00€ (1.79%), 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?

adidas AG holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.124 Hold/Accumulate Unchanged

Predicted Opening Price for adidas AG of Friday, May 3, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.