Adidas AG ADR (ADDYY)
Adidas AG ADR (ADDYY) continues to strengthen its relative position within the SIA International ADR Report, climbing 16 positions over the past month and an impressive 162 positions over the past quarter to reach #60. The stock currently carries a perfect SIA SMAX score of 10/10, while the Retail sector remains in the Neutral zone of the SIA Sector Report and has improved by four positions over the past month. This combination may suggest improving relative strength both at the stock and sector level.
From a Point & Figure perspective, ADDYY's most recent signal is a bullish spread double top. Near-term 3-box reversal support is identified at $98.48, with additional support at $92.80. Initial resistance is indicated at $113.13, followed by additional resistance at $124.90. These levels may provide investors with key reference points as the current trend continues to develop.
Relative performance has been notably strong in recent months. ADDYY has returned 1.63% over the past month, 31.21% over the past quarter, and 11.53% over the past six months, outperforming the iShares MSCI ACWI Index, which returned 0.31%, 7.21%, and 8.33%, respectively, over the same periods.
Adidas AG is a German athletic apparel and footwear company headquartered in Herzogenaurach, Bavaria. It is the largest sportswear manufacturer in Europe and the second largest globally. In addition to its core Adidas brand, the company holds an 8.33% ownership stake in FC Bayern Munich and owns Runtastic, an Austrian fitness technology company.
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