ADOBE INC.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Open:	-
Change:	-
Volume:	-

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Type:	Stocks
Ticker:	ADBE
ISIN:

ADOBE INC. - Daily - Technical analysis published on 08/02/2024 (GMT)

Timeframe : Daily
- Analysis generated on
Status : NEUTRAL

Summary of the analysis

Trends

Short term: Bearish

Underlying: Neutral

Technical indicators

22%

44%

33%

My opinion

Neutral between 492.97 USD and 533.80 USD

My targets

My analysis

The basic trend is neutral and the short term is tentatively bearish. With such a pattern, it is difficult to favour buying or selling. The first support is located at 492.97 USD. The first resistance is located at 533.80 USD. However, the probabilities of moving towards the first support before the first resistance are slightly higher. Without a basic trend, it is important to monitor the price response at these levels. A bearish break in the support or a bullish break in the resistance could provide a signal that would set the new direction of the basic trend. On the other hand, if the price is blocked by support or resistance, it could be attractive to trade against the trend on the last short-term movement recorded by ADOBE INC..

In the very short term, the neutral opinion of this analysis is confirmed by technical indicators which are also neutral.

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

Additional analysis

Quotes

The ADOBE INC. rating is 521.42 USD. The price is lower by -4.57% since the last closing and was traded between 521.42 USD and 536.84 USD over the period. The price is currently at 0% from its lowest and -2.87% from its highest.

521.42

536.84

521.42

The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.

Opening Gap DOWN

Type : Bearish

Timeframe : Openning

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

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

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of ADOBE INC. indicates that the overall trend is not clearly defined. The slightly bearish signals currently given by short-term moving averages could allow the overall trend to return to a slightly bearish trend. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : Daily

On the 18 technical indicators analysed, 4 are bullish, 6 are neutral and 8 are bearish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily

RSI indicator is back under 50

Type : Bearish

Timeframe : Daily

Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : Daily

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Near support of channel

Type : Bullish

Timeframe : Daily

The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Downside gap

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	439.02	463.56	492.97	521.42	533.80	578.61	604.49
Change (%)	-15.80%	-11.10%	-5.46%	-	+2.37%	+10.97%	+15.93%
Change	-82.40	-57.86	-28.45	-	+12.38	+57.19	+83.07
Level	Intermediate	Minor	Intermediate	-	Major	Major	Minor

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	515.37	527.80	537.11	549.54	558.85	571.28	580.59
Camarilla	540.43	542.42	544.42	546.41	548.40	550.40	552.39
Woodie	513.80	527.02	535.54	548.76	557.28	570.50	579.02
Fibonacci	527.80	536.11	541.24	549.54	557.85	562.98	571.28

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	494.02	510.81	526.62	543.41	559.22	576.01	591.82
Camarilla	533.48	536.46	539.45	542.44	545.43	548.42	551.41
Woodie	493.54	510.57	526.14	543.17	558.74	575.77	591.34
Fibonacci	510.81	523.26	530.95	543.41	555.86	563.55	576.01

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	473.02	500.30	525.98	553.26	578.94	606.22	631.90
Camarilla	537.09	541.94	546.80	551.65	556.51	561.36	566.21
Woodie	472.21	499.90	525.17	552.86	578.13	605.82	631.09
Fibonacci	500.30	520.53	533.03	553.26	573.49	585.99	606.22

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	42.61
MACD (12,26,9):	1.7600
Directional Movement:	-4.15
AROON (14):	-92.86
DEMA (21):	549.01
Parabolic SAR (0,02-0,02-0,2):	561.98
Elder Ray (13):	-12.94
Super Trend (3,10):	571.33
Zig ZAG (10):	526.90
VORTEX (21):	0.7900
Stochastique (14,3,5):	34.32
TEMA (21):	539.06
Williams %R (14):	-98.83
Chande Momentum Oscillator (20):	-38.70
Repulse (5,40,3):	-4.4200
ROCnROLL:	2
TRIX (15,9):	0.1800
Courbe Coppock:	8.93

MA7:	538.71
MA20:	551.52
MA50:	520.18
MA100:	506.17
MAexp7:	539.07
MAexp20:	543.34
MAexp50:	530.60
MAexp100:	525.56
Price / MA7:	-3.21%
Price / MA20:	-5.46%
Price / MA50:	+0.24%
Price / MA100:	+3.01%
Price / MAexp7:	-3.27%
Price / MAexp20:	-4.03%
Price / MAexp50:	-1.73%
Price / MAexp100:	-0.79%

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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