Adidas shares price hinted its surrender to the bearish bias domination by providing new negative closings below 193.60 resistance, to notice suffering some losses by reaching 185.20 level, while resuming the negative attack requires breaking 183.90 barrier to ease the mission of achieving new negative targets that start at 179.20 followed by reaching 173.25 in the upcoming period.

Stochastic crawl towards the oversold areas confirms the negative overview by providing strong negative momentum, which increases the chances of achieving the required break followed by waiting to record the suggested negative targets.

Expected trading range for today is between 191.80 and 179.20

Expected trend for today: Bearish