ADOBE INC.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	ADBE
ISIN:

ADOBE INC. - 1H - Technical analysis published on 08/26/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

33%

17%

50%

My opinion

Bullish above 551.68 USD

My targets

561.98 USD (+0.67%)

572.00 USD (+2.46%)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on ADOBE INC.. As long as you are above the support located at 551.68 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 561.98 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 572.00 USD as an objective. Crossing it would then enable buyers to target 578.50 USD. If the support 551.68 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.

Force

2.7

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. rating is 558.24 USD. The price is lower by -0.01% since the last closing with the lowest point at 555.03 USD and the highest point at 560.21 USD. The deviation from the price is +0.58% for the low point and -0.35% for the high point.

555.03

560.21

558.24

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

Bearish opening

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 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 this 1H chart of ADOBE INC. indicates that the overall trend is bullish. 67.86% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. An assessment of moving averages reveals several bearish signals that could impact this trend:

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour

Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : 1 hour

Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : 1 hour

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour

Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour

Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	512.91	533.80	551.68	558.24	561.98	572.00	578.50
Change (%)	-8.12%	-4.38%	-1.18%	-	+0.67%	+2.46%	+3.63%
Change	-45.33	-24.44	-6.56	-	+3.74	+13.76	+20.26
Level	Minor	Major	Minor	-	Minor	Intermediate	Intermediate

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	537.67	545.09	551.69	559.11	565.71	573.13	579.73
Camarilla	554.45	555.73	557.02	558.30	559.59	560.87	562.16
Woodie	537.27	544.89	551.29	558.91	565.31	572.93	579.33
Fibonacci	545.09	550.44	553.75	559.11	564.46	567.77	573.13

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	527.18	538.89	548.59	560.30	570.00	581.71	591.41
Camarilla	552.41	554.38	556.34	558.30	560.26	562.23	564.19
Woodie	526.19	538.39	547.60	559.80	569.01	581.21	590.42
Fibonacci	538.89	547.07	552.12	560.30	568.48	573.53	581.71

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 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):	49.43
MACD (12,26,9):	-0.3200
Directional Movement:	2.67
AROON (14):	-7.15
DEMA (21):	558.20
Parabolic SAR (0,02-0,02-0,2):	560.65
Elder Ray (13):	0.60
Super Trend (3,10):	569.59
Zig ZAG (10):	557.90
VORTEX (21):	0.9300
Stochastique (14,3,5):	40.73
TEMA (21):	556.50
Williams %R (14):	-60.84
Chande Momentum Oscillator (20):	2.23
Repulse (5,40,3):	-0.0700
ROCnROLL:	-1
TRIX (15,9):	-0.0100
Courbe Coppock:	0.50

MA7:	559.79
MA20:	542.28
MA50:	545.91
MA100:	509.98
MAexp7:	558.03
MAexp20:	558.49
MAexp50:	556.18
MAexp100:	551.11
Price / MA7:	-0.28%
Price / MA20:	+2.94%
Price / MA50:	+2.26%
Price / MA100:	+9.46%
Price / MAexp7:	+0.04%
Price / MAexp20:	-0.04%
Price / MAexp50:	+0.37%
Price / MAexp100:	+1.29%

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.

About author

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