adidas AG : Good timing to anticipate a continuation of the trend
Entry price | Target | Stop-loss | Potential |
---|
€256.7 |
€279 |
€244.4 |
+8.69% |
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Shares in adidas AG show a positive technical chart pattern over the medium term, which suggests that the rising trend should be followed.
Summary● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
● The company has solid fundamentals for a short-term investment strategy.
Strengths● Graphically speaking, the timing seems perfect for purchasing the stock close to the EUR 245.8 support.
● The company is in a robust financial situation considering its net cash and margin position.
● Over the last seven days, analysts have been revising upwards their EPS estimates for the company.
● The stock is in a well-established, long-term rising trend above the technical support level at 229.2 EUR
Weaknesses● The firm trades with high earnings multiples: 25.71 times its 2019 earnings per share.
● The company is not the most generous with respect to shareholders' compensation.
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