Bernstein Lowers Adidas Share Target Due to World Cup Sales Outlook

The news includes a negative analyst assessment regarding Adidas' World Cup sales outlook. Technical indicators also point to weakness: the price is below both the 20-day and 50-day moving averages, the RSI is at 38.7 in the sell zone, and the MACD is negative and below the signal line. The 4.86% decline in the last 24 hours indicates increasing selling pressure. The downtrend is expected to continue in the short term.