ADIDAS AG NA O.N. - 1H - Technical analysis published on 06/21/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
11%
11%
My opinion
Bullish above 172.48 EUR
My targets
178.82 EUR (+2.46%)
188.21 EUR (+7.84%)
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 172.48 EUR, you could try to benefit from the boom. The first bullish objective is located at 178.82 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 188.21 EUR as an objective. Crossing it would then enable buyers to target 244.30 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.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.1
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Additional analysis
Quotes
The ADIDAS AG NA O.N. rating is 174.52 EUR. The price registered an increase of +3.00% on the session and was between 171.64 EUR and 176.92 EUR. This implies that the price is at +1.68% from its lowest and at -1.36% from its highest.171.64
176.92
174.52
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum 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
A technical analysis in 1H of this ADIDAS AG NA O.N. chart shows a strongly bullish trend. The signals given by the moving averages are 82.14% bullish. This strong bullish trend is confirmed by the strong signals currently being 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 positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 161.46 | 169.63 | 172.48 | 174.52 | 178.82 | 188.21 | 244.30 |
Change (%) | -7.48% | -2.80% | -1.17% | - | +2.46% | +7.84% | +39.98% |
Change | -13.06 | -4.89 | -2.04 | - | +4.30 | +13.69 | +69.78 |
Level | Intermediate | Major | Minor | - | Intermediate | Intermediate | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 164.61 | 166.77 | 168.11 | 170.27 | 171.61 | 173.77 | 175.11 |
Camarilla | 168.48 | 168.80 | 169.12 | 169.44 | 169.76 | 170.08 | 170.40 |
Woodie | 164.19 | 166.57 | 167.69 | 170.07 | 171.19 | 173.57 | 174.69 |
Fibonacci | 166.77 | 168.11 | 168.94 | 170.27 | 171.61 | 172.44 | 173.77 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 149.49 | 156.15 | 165.49 | 172.15 | 181.49 | 188.15 | 197.49 |
Camarilla | 170.42 | 171.89 | 173.35 | 174.82 | 176.29 | 177.75 | 179.22 |
Woodie | 150.82 | 156.82 | 166.82 | 172.82 | 182.82 | 188.82 | 198.82 |
Fibonacci | 156.15 | 162.27 | 166.04 | 172.15 | 178.27 | 182.04 | 188.15 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 123.97 | 137.57 | 144.53 | 158.13 | 165.09 | 178.69 | 185.65 |
Camarilla | 145.85 | 147.73 | 149.62 | 151.50 | 153.39 | 155.27 | 157.15 |
Woodie | 120.66 | 135.91 | 141.22 | 156.47 | 161.78 | 177.03 | 182.34 |
Fibonacci | 137.57 | 145.42 | 150.27 | 158.13 | 165.98 | 170.83 | 178.69 |
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): | 56.35 | |
MACD (12,26,9): | 0.4300 | |
Directional Movement: | 16.21 | |
AROON (14): | 42.86 | |
DEMA (21): | 173.17 | |
Parabolic SAR (0,02-0,02-0,2): | 169.71 | |
Elder Ray (13): | 1.36 | |
Super Trend (3,10): | 170.08 | |
Zig ZAG (10): | 174.08 | |
VORTEX (21): | 0.9900 | |
Stochastique (14,3,5): | 70.01 | |
TEMA (21): | 173.54 | |
Williams %R (14): | -34.59 | |
Chande Momentum Oscillator (20): | 4.78 | |
Repulse (5,40,3): | -0.2100 | |
ROCnROLL: | 1 | |
TRIX (15,9): | -0.0200 | |
Courbe Coppock: | 2.66 |
MA7: | 173.20 | |
MA20: | 162.91 | |
MA50: | 162.21 | |
MA100: | 154.44 | |
MAexp7: | 173.86 | |
MAexp20: | 172.85 | |
MAexp50: | 171.93 | |
MAexp100: | 169.17 | |
Price / MA7: | +0.76% | |
Price / MA20: | +7.13% | |
Price / MA50: | +7.59% | |
Price / MA100: | +13.00% | |
Price / MAexp7: | +0.38% | |
Price / MAexp20: | +0.97% | |
Price / MAexp50: | +1.51% | |
Price / MAexp100: | +3.16% |
Quotes :
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15 min delayed data
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Germany Stocks
News
Don't forget to follow the news on ADIDAS AG NA O.N.. At the time of publication of this analysis, the latest news was as follows:
- SHAREHOLDER ALERT: The Gross Law Firm Notifies Shareholders of adidas AG of a Class Action Lawsuit and a Lead Plaintiff Deadline of June 27, 2023 - (OTC Other: ADDYY)
- ADDYY ALERT: The Klein Law Firm Announces a Lead Plaintiff Deadline of June 27, 2023 in the Class Action Filed on Behalf of adidas AG Shareholders
- ROSEN, THE FIRST FILING FIRM, Encourages adidas AG Investors to Secure Counsel Before Important June 27 Deadline in Securities Class Action Commenced by the Firm - ADDYY, ADDDF
- CLASS ACTION ALERT: The Law Offices of Vincent Wong Remind adidas Investors of a Lead Plaintiff Deadline of June 27, 2023
- ADDYY SHAREHOLDER ALERT: Jakubowitz Law Reminds adidas Shareholders of a Lead Plaintiff Deadline of June 27, 2023
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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…
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