ADOBE INC.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	ADBE
ISIN:

ADOBE INC. - Daily - Technical analysis published on 06/17/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bullish

Technical indicators

78%

11%

My opinion

Bullish above 493.16 USD

My targets

533.80 USD (+3.74%)

564.62 USD (+9.72%)

My analysis

The strong short-term increase for ADOBE INC. reinforces the current slightly bullish trend. As long as the price remains above 493.16 USD, you could take advantage of this bullish acceleration. The first bullish objective is located at 533.80 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 564.62 USD as an objective. Crossing it would then enable buyers to target 634.54 USD. A return to 493.16 USD would be a sign of a possible correction of short-term bullish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

4.6

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by AMIKOTUN. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The ADOBE INC. rating is 514.58 USD. The price is lower by -2.04% since the last closing and was traded between 512.34 USD and 525.94 USD over the period. The price is currently at +0.44% from its lowest and -2.16% from its highest.

512.34

525.94

514.58

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following result:

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this ADOBE INC. chart shows a slightly bullish trend. 57.14% of the signals given by moving averages are bullish. This slightly bullish trend could be reinforced by the strong bullish signals given by short-term moving averages. An assessment of moving averages reveals several bearish and bullish signals:

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish trend reversal : Moving Average 50

Type : Bullish

Timeframe : Daily

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : Daily

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : Daily

Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : Daily

Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : Daily

In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily

MACD indicator is back over 0

Type : Bullish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	360.79	451.02	493.16	514.58	533.80	564.62	634.54
Change (%)	-29.89%	-12.35%	-4.16%	-	+3.74%	+9.72%	+23.31%
Change	-153.79	-63.56	-21.42	-	+19.22	+50.04	+119.96
Level	Minor	Major	Major	-	Major	Minor	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	507.41	514.64	519.98	527.21	532.55	539.78	545.12
Camarilla	521.85	523.01	524.16	525.31	526.46	527.62	528.77
Woodie	506.46	514.17	519.03	526.74	531.60	539.31	544.17
Fibonacci	514.64	519.45	522.41	527.21	532.02	534.98	539.78

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	390.12	420.82	473.06	503.76	556.00	586.70	638.94
Camarilla	502.50	510.10	517.71	525.31	532.91	540.52	548.12
Woodie	400.90	426.21	483.84	509.15	566.78	592.09	649.72
Fibonacci	420.82	452.50	472.07	503.76	535.44	555.01	586.70

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	357.44	395.71	420.23	458.50	483.02	521.29	545.81
Camarilla	427.49	433.25	439.00	444.76	450.52	456.27	462.03
Woodie	350.58	392.27	413.37	455.06	476.16	517.85	538.95
Fibonacci	395.71	419.69	434.51	458.50	482.48	497.30	521.29

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	66.41
MACD (12,26,9):	2.8500
Directional Movement:	21.92
AROON (14):	71.43
DEMA (21):	475.11
Parabolic SAR (0,02-0,02-0,2):	439.40
Elder Ray (13):	42.36
Super Trend (3,10):	474.66
Zig ZAG (10):	514.39
VORTEX (21):	0.8800
Stochastique (14,3,5):	73.47
TEMA (21):	483.99
Williams %R (14):	-19.27
Chande Momentum Oscillator (20):	69.41
Repulse (5,40,3):	-3.1900
ROCnROLL:	1
TRIX (15,9):	-0.1300
Courbe Coppock:	3.11

MA7:	478.13
MA20:	470.27
MA50:	475.44
MA100:	517.66
MAexp7:	485.72
MAexp20:	474.80
MAexp50:	483.63
MAexp100:	504.95
Price / MA7:	+7.62%
Price / MA20:	+9.42%
Price / MA50:	+8.23%
Price / MA100:	-0.59%
Price / MAexp7:	+5.94%
Price / MAexp20:	+8.38%
Price / MAexp50:	+6.40%
Price / MAexp100:	+1.91%

Quotes : - 15 min delayed data - NASDAQ Stocks

News

The latest news and videos published on ADOBE INC. at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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