ADOBE INC.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

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Change:	-
Volume:	-

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Type:	Stocks
Ticker:	ADBE
ISIN:

ADOBE INC. - 1H - Technical analysis published on 07/23/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

33%

28%

39%

My opinion

Bearish under 578.61 USD

My targets

533.80 USD (-3.72%)

505.38 USD (-8.84%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on ADOBE INC. as long as the price remains well below 578.61 USD. The sellers' bearish objective is set at 533.80 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 505.38 USD. In case of crossing, the next objective would be the support located at 492.97 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.

Force

5.2

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 Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The ADOBE INC. price is 554.41 USD. On the day, this instrument lost -0.07% and was traded between 553.81 USD and 557.25 USD over the period. The price is currently at +0.11% from its lowest and -0.51% from its highest.

553.81

557.25

554.41

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows an item:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of ADOBE INC. in 1H shows a overall strongly bearish trend. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour

Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near horizontal support

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	505.38	533.80	552.32	554.41	578.61	604.49	634.76
Change (%)	-8.84%	-3.72%	-0.38%	-	+4.37%	+9.03%	+14.49%
Change	-49.03	-20.61	-2.09	-	+24.20	+50.08	+80.35
Level	Minor	Major	Minor	-	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	544.14	548.43	551.62	555.91	559.10	563.39	566.58
Camarilla	552.76	553.45	554.13	554.82	555.51	556.19	556.88
Woodie	543.60	548.16	551.08	555.64	558.56	563.12	566.04
Fibonacci	548.43	551.28	553.05	555.91	558.76	560.53	563.39

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	522.13	535.55	543.27	556.69	564.41	577.83	585.55
Camarilla	545.19	547.12	549.06	551.00	552.94	554.88	556.81
Woodie	519.29	534.13	540.43	555.27	561.57	576.41	582.71
Fibonacci	535.55	543.62	548.61	556.69	564.76	569.75	577.83

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 the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	44.35
MACD (12,26,9):	-1.4800
Directional Movement:	-0.73
AROON (14):	14.29
DEMA (21):	554.11
Parabolic SAR (0,02-0,02-0,2):	551.75
Elder Ray (13):	-0.54
Super Trend (3,10):	562.28
Zig ZAG (10):	554.46
VORTEX (21):	0.9300
Stochastique (14,3,5):	48.47
TEMA (21):	553.93
Williams %R (14):	-53.16
Chande Momentum Oscillator (20):	0.05
Repulse (5,40,3):	-0.7400
ROCnROLL:	2
TRIX (15,9):	-0.0500
Courbe Coppock:	0.60

MA7:	558.89
MA20:	558.45
MA50:	511.45
MA100:	507.77
MAexp7:	554.97
MAexp20:	556.23
MAexp50:	558.54
MAexp100:	554.82
Price / MA7:	-0.80%
Price / MA20:	-0.72%
Price / MA50:	+8.40%
Price / MA100:	+9.19%
Price / MAexp7:	-0.10%
Price / MAexp20:	-0.33%
Price / MAexp50:	-0.74%
Price / MAexp100:	-0.07%

Quotes : - 15 min delayed data - NASDAQ Stocks

News

The last news published on ADOBE INC. at the time of the generation of this analysis was as follows:

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

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