ADS.DE closes higher for the 5th day in a row
Adidas AG (ADS.DE) Technical Analysis Report for Apr 16, 2018
Moving higher for the 5th day in a row, ADS.DE finished Monday at 210.70 edging higher €0.10 (0.05%) on low volume. Today's closing price of 210.70 marks the highest close since Inception. Closing within the prior day's range, prices failed to decisively move past the previous day's trading range in a lackluster session. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.
Monday's trading range was €1.80 (0.85%), that's far below last trading month's daily average range of €3.86. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being way below average.
After having been unable to move above 211.40 in the prior session, the market ran into sellers again around the same price level today, failing to move higher than 211.80.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.
While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bullish.
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