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Adyen Share Price Forecast – What’s Next After A 45% Sell-off?


Adyen (AMS: ADYEN) share price has been in a tailspin since the release of its latest earnings report. The stock of the Dutch payment processor has plummeted to its fresh 3-year lows as the sellers stepped over each other to get rid of their holdings.

After a 25% sell-off on Thursday, the trading of ADYEN stock was temporarily halted at Euronext Amsterdam. After resumption, the sell-off intensified even further, and the stock closed the day with a 38% loss. On Friday, the capitulation continued, and the stock extended its loss by another 5%.

Why Is Adyen Stock Falling?

The intense sell-off in the stock of the European payment giant can be attributed to the disappointing financial results which were released on Thursday. The results for the first half revealed earnings of €320 million, below the analyst expectations of €365 million.

Even after a 21% increase in revenue, it still remained below the forecasted figure of €754 million. The firm also reported a significant decline in the EBITDA margin, sending Adyen share price to its multi-year lows. Even at current prices, the stock is still considered to be overvalued by many analysts compared to its competitors.

Adyen Share Price Retests Key Demand Zone

As visible on the following AMS: ADYEN chart, the stock has fallen into a major demand zone. This support level goes back to 2018, the year when the stock was publicly listed. I expect the stock to accumulate within this €840-€670 trading range. The following chart also shows a massive gap above €1,200, which may take some time to get filled.

Needless to say, the ADYEN share price forecast is currently extremely bearish. A bounce from the above-mentioned demand zone might show some strength but I don’t see any bullish reversal any time soon. A higher likelihood is for the stock to enter a prolonged bearish accumulation before the next major move.

In the meantime, I’ll keep sharing updated Adyen stock price analysis and my personal trades on my Twitter, where you are welcome to follow me.

Adyen share price chart