ADOBE INC. - Daily - Technical analysis published on 08/02/2024 (GMT)
- 99
- 0
- 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.
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.
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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:
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
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
S3
S2
S1
R1
R2
R3
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 :
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15 min delayed data
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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
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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…
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