ADIDAS AG NA O.N.
Long

Daily 4XSetUps - ADS Just Below Annual High 2024 Of €243.9

16

2024/12/11
Daily 4XSetUps - ADS Just Below Annual High 2024 Of €243.9
“-20% in october & end of november and bullish back above!
will we see even higher annual highs in 2024? 2025 also?”



The profit forecasts per share have not changed significantly in the case of the ADS share in the last 7 weeks (i.e. have oscillated between +1% and -1%). The last significant analyst signal was positive and started on November 5th, 2024 at a price of €221.10. So based on the growth potential and other metrics, the stock appears slightly undervalued. And the medium-term technical 40-day trend has also been positive again since December 3rd, 2024. The confirmed technical trend reversal point of +1.75% corresponds to €217.51. And the relative outperformance of the last four weeks compared to the SXXP is an impressive +5.20%. There is also a high fundamental discount of +2.4 to the growth expectation based on earnings per share. So the share really isn't fundamentally expensive. Because the dividends are well covered by profits. And for the next 12 months expected dividend +25.18% of profits must be used. And that with a growth of +45.13%! What more could you want? Anyone who as a trader and/or investor can't do anything with the ADS share, doesn't want to do anything, and still perceives it to be fundamentally too expensive, I don't want to and can't help you anymore. Which is why we continue to let this long ADS 4XSetUp run. Like the last few days, weeks, months, almost years…

€247.6 : 2020/03/05 - GAP High Coronavirus Outbreak SellOff
€245.1 : 2020/03/06 - High Of False Trading Day Inside GAP
€241.3 : 2024/12/11 - last price action
€237.7 : 2020/03/06 - Low Of False Trading Day Inside GAP
€234.9 : 2020/03/10 - GAP Low Coronavirus Outbreak SellOff
These are the most important price actions for the ADS share. The GAP is essential in the historical context because it allows us to differentiate the price action into historical low prices and/or highest prices. But since we were still at more or less €100 at the beginning of 2023, we shouldn't be so hasty - which is why the price target of €248 is also dated to the end of the second quarter of 2025.



“My approach was to hire, train, test, and then fire or promote quickly, so that we could rapidly identify the excellent hires and get rid of the ordinary ones, repeating the process again and again until the percentage of those who were truly great was high enough to meet our needs.”
Ray Dalio



€241.3 : 2024/12/11 - last price action
€236.5 : 2024/08/30 - August High 2024
€225.6 : 2024/11/11 - High After Trump Election
€212.2 : 2024/11/06 - Low After Trump Election
€207.8 : 2024/09/11 - September Low 2024
Before some days, better said weeks, the price action was more or less around our entry price. Regardless of this, what is more important is the fact that after the failed breakout from the GAP described above, the ADS share is currently more or less oscillating sideways after Trump was re-elected to the White House, last month. And that also between the 100 and/or 200 sma trend lines. That's why I wrote last time that we standed calm before the storm - the beginning of a medium-term and/or long-term trend. Bullish or bearish trend? I don't know! Therefore, definitely operate with a stop price - even if we are stopped out. That's part of the business. And as But first we should watch and hope that €212.2 holds as a resistance zone. And based on that, the €225.6 will be tackled again by us bullish traders and/or investors. And since the share unexpectedly and as expected turned up again at just over €200, today we are not even €5 away from the target price of €248. But don't get too euphoric - it could have gone the other way. So stay euphoric in a disciplined manner - and won't let the euphoria take away from us. And especially not since Trump is coming back to the White House - along with Musk and his new MAGA employees. Which will certainly give him less resistance from the public than in the years from 2017 to 2021. And although the ADS share has nothing directly to do with it, the consumer trade, i.e. consumer goods, brands such as ADS and 1MC, should also and/or BMW (thanks to Musk in the wake of the euphoria surrounding TSLA), are also making a comeback. Because I am still expecting the USA to actually not fall into a recession and, with the help of the FED, we will only experience a soft landing scenario in 2025 as far as the US economy is concerned. That's why we'll let the stock run for now - and when the target price is reached we'll think about what happens next…

€245.0 : 2024/12/09 - Monthly High December 2024
€243.9 : 2024/09/30 - Monthly High September 2024
€242.0 : 2024/07/31 - Monthly High July 2024
€241.3 : 2024/12/11 - last price action
€240.8 : 2024/10/15 - Monthly High October 2024
€236.6 : 2024/06/30 - Monthly High June 2024
€236.5 : 2024/08/30 - Monthly High August 2024
€225.6 : 2024/11/15 - Monthly High November 2024
On Friday, November 22nd, 2024, the stock was sent down bearishly to as much as 208 by traders and/or investors. A price action on the share for the first time since April 2024. And that after the price action on September 30, 2024 was already at €243.9. Therefore we have a nice high and broad sideways trend, both on the time axis and on the price axis. And we should take our time - until 2025. Although the ADS share is currently trading at €241.3 shortly before the close of trading, on Wednesday, December 11th, 2024. However, the numerous monthly highs just listed are more likely to serve as bullish support zones than accelerated bearish price action zones. Since the environment for ADS shares and the in-house fundamentals do not suggest a fundamental overvaluation of the share.

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248.0 € : 2024/08/14 - Target Price
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242.0 € : 2024/11/21 - last price action
217.2 € : 2024/08/14 - Entry Price
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200.0 € : 2024/08/14 - Stop Price
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With best wishes
and with good intentions!
Aaron



“daily 4XSetUps - …” is pure information material!
By trying to give you even more information about some trading capabilities to trade and/or invest in some securities. This post is not a call to action - it only provides information. You decide (not) to decide. Even if I am writing daily 4XSetUps with concrete entry prices, target prices and/or also stop prices! It is like it is - like I said; You decide to respond to the analysis I just formulated to buy, to sell, or to do nothing! More information about my approaches to investing in something specific or just trading it, or even just describing it, can be found in the daily "Another 48h - DXY ...! Analysis Post. Where I try to track the price action in DXY every day so that we learn something new daily.

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