ADOBE INC. - Daily - Technical analysis published on 07/05/2024 (GMT)
- 90
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 533.80 USD
My targets
584.64 USD (+2.54%)
604.49 USD (+6.02%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ADOBE INC. as long as the price remains well above 533.80 USD. The buyers' bullish objective is set at 584.64 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 604.49 USD. If there is any crossing, the next objective would be the resistance located at 634.76 USD.
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
0
10
7.3
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
ADOBE INC. rating 570.15 USD. The price has increased by +0.43% since the last closing with the lowest point at 564.00 USD and the highest point at 571.83 USD. The deviation from the price is +1.09% for the low point and -0.29% for the high point.564.00
571.83
570.15
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this ADOBE INC. chart shows a bullish trend. The signals returned by the moving averages are 75.00% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Daily
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
CCI indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Three white soldiers
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 493.16 | 533.80 | 564.60 | 570.15 | 584.64 | 604.49 | 634.76 |
| Change (%) | -13.50% | -6.38% | -0.97% | - | +2.54% | +6.02% | +11.33% |
| Change | -76.99 | -36.35 | -5.55 | - | +14.49 | +34.34 | +64.61 |
| Level | Major | Major | Major | - | Minor | Minor | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 557.66 | 560.83 | 565.49 | 568.66 | 573.32 | 576.49 | 581.15 |
| Camarilla | 568.00 | 568.72 | 569.43 | 570.15 | 570.87 | 571.59 | 572.30 |
| Woodie | 558.41 | 561.20 | 566.24 | 569.03 | 574.07 | 576.86 | 581.90 |
| Fibonacci | 560.83 | 563.82 | 565.67 | 568.66 | 571.65 | 573.50 | 576.49 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 496.12 | 509.18 | 532.36 | 545.42 | 568.60 | 581.66 | 604.84 |
| Camarilla | 545.57 | 548.90 | 552.22 | 555.54 | 558.86 | 562.18 | 565.51 |
| Woodie | 501.18 | 511.71 | 537.42 | 547.95 | 573.66 | 584.19 | 609.90 |
| Fibonacci | 509.18 | 523.02 | 531.58 | 545.42 | 559.26 | 567.82 | 581.66 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 353.35 | 394.97 | 475.25 | 516.87 | 597.15 | 638.77 | 719.05 |
| Camarilla | 522.02 | 533.19 | 544.37 | 555.54 | 566.71 | 577.89 | 589.06 |
| Woodie | 372.69 | 404.64 | 494.59 | 526.54 | 616.49 | 648.44 | 738.39 |
| Fibonacci | 394.97 | 441.53 | 470.30 | 516.87 | 563.43 | 592.20 | 638.77 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 77.72 | |
| MACD (12,26,9): | 23.4500 | |
| Directional Movement: | 29.46 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 550.23 | |
| Parabolic SAR (0,02-0,02-0,2): | 503.76 | |
| Elder Ray (13): | 31.35 | |
| Super Trend (3,10): | 527.94 | |
| Zig ZAG (10): | 570.15 | |
| VORTEX (21): | 1.1600 | |
| Stochastique (14,3,5): | 98.46 | |
| TEMA (21): | 569.14 | |
| Williams %R (14): | -1.42 | |
| Chande Momentum Oscillator (20): | 44.84 | |
| Repulse (5,40,3): | 4.0800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.5000 | |
| Courbe Coppock: | 35.63 |
| MA7: | 550.82 | |
| MA20: | 511.16 | |
| MA50: | 489.70 | |
| MA100: | 508.82 | |
| MAexp7: | 552.95 | |
| MAexp20: | 523.10 | |
| MAexp50: | 505.12 | |
| MAexp100: | 512.40 | |
| Price / MA7: | +3.51% | |
| Price / MA20: | +11.54% | |
| Price / MA50: | +16.43% | |
| Price / MA100: | +12.05% | |
| Price / MAexp7: | +3.11% | |
| Price / MAexp20: | +8.99% | |
| Price / MAexp50: | +12.87% | |
| Price / MAexp100: | +11.27% |
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:
- Readymag Nominated for the Webby Awards Alongside Adobe and Vimeo as the Best Digital Tool for Creative Production
- Adobe Announces Generative AI Solutions to Jumpstart Content Supply Chain for Enterprises
- Oshyn Introduces Reliability Report at Adobe Summit
-
Look ahead: US producer prices; retail sales; Adobe; Dollar General
- Thinking about trading options or stock in Tesla, Coinbase Global, Adobe, Crowdstrike, or Meta Platforms?
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis ADOBE INC. - Daily