Sell signal, week 4
Adidas stock sheds 2%: 3 lower highs and a sell signal still unconfirmed
Our view last week
Adidas stock drops 4% this week, wiping out last week's bounce: sellers are back in firm control, while buyer dominance is fading fast. The Sell signal, in its third week and still in its confirmation week, slips to 20th among the 47 European-UK sell signals. The MACD has turned into a bearish cross, but the ADX declining says the trend is losing conviction — a picture worth reading carefully, with no rush to open new positions.
This week's summary
Adidas stock drops 2% and stretches its run of lower highs to 3, from the 182 area down to 161. The price stays below the 50-week moving average, and the weekly MACD sits below its Signal line. The 3 observation weeks for the sell signal close sideways, with no confirmation from the market: the picture calls for standing by, no rush to open new short positions.
IQS Phase
66
in tension
Signal Strength
17
decline losing steam
Sizing
MINIMUM
Ranking
#30 / 46
EU-UK stocks sell signals
Trade P&L %
+3.11%
from signal to date, no stop loss
Rank position
ranks 30th among the 46 sell signals for European-UK stocks in our ranking, with a signal strength of 17 out of 100.
Sector context
SectorEuropean
Benchmark ETFEXH7
Sector regime
Performanceweekly coming soon · monthly coming soon
ADS belongs to the european sector (reference ETF EXH7).
restricted Platinum content