Bernstein Lowers Adidas Share Target Due to World Cup Sales Outlook

Bernstein has lowered its share target for Adidas due to the sales outlook for the World Cup. This is not an investment advice.

📊 ADI — Piyasa Yorumu

▼ down · 70%

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.

RSI 14

38.7

MACD

-1.71

24h Δ

-4.86%

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