ADOBE INC.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
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High / Low range:	-

Type:	Stocks
Ticker:	ADBE
ISIN:

ADOBE INC. - 1H - Technical analysis published on 09/03/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

39%

28%

33%

My opinion

Bullish above 557.55 USD

My targets

578.50 USD (+0.86%)

595.70 USD (+3.86%)

My analysis

The basic bullish trend is very strong on ADOBE INC. but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 557.55 USD. Crossing the first resistance at 578.50 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 595.70 USD as an objective. Crossing it would then enable buyers to target 611.55 USD. Caution, a return to below 557.55 USD would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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

Force

5.4

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 573.57 USD. The price registered a decrease of -0.15% on the session with the lowest point at 570.63 USD and the highest point at 586.70 USD. The deviation from the price is +0.52% for the low point and -2.24% for the high point.

570.63

586.70

573.57

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

Opening Gap UP

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

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of ADOBE INC. in 1H shows a strongly overall bullish trend. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, of the 18 technical indicators analysed by Central Analyzer, 7 are bullish, 6 are neutral and 5 are bearish. The Central Indicators scanner found this result concerning these indicators:

Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour

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

Near support of channel

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	533.80	557.55	572.00	573.57	578.50	595.70	611.55
Change (%)	-6.93%	-2.79%	-0.27%	-	+0.86%	+3.86%	+6.62%
Change	-39.77	-16.02	-1.57	-	+4.93	+22.13	+37.98
Level	Major	Major	Minor	-	Major	Minor	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	562.54	565.41	569.91	572.78	577.28	580.15	584.65
Camarilla	572.38	573.06	573.73	574.41	575.09	575.76	576.44
Woodie	563.36	565.82	570.73	573.19	578.10	580.56	585.47
Fibonacci	565.41	568.23	569.97	572.78	575.60	577.34	580.15

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	535.64	544.99	559.70	569.05	583.76	593.11	607.82
Camarilla	567.79	570.00	572.21	574.41	576.62	578.82	581.03
Woodie	538.32	546.33	562.38	570.39	586.44	594.45	610.50
Fibonacci	544.99	554.18	559.86	569.05	578.24	583.92	593.11

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	445.07	472.54	523.47	550.94	601.87	629.34	680.27
Camarilla	552.85	560.04	567.22	574.41	581.60	588.78	595.97
Woodie	456.81	478.41	535.21	556.81	613.61	635.21	692.01
Fibonacci	472.54	502.49	520.99	550.94	580.89	599.39	629.34

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):	53.68
MACD (12,26,9):	2.0100
Directional Movement:	9.88
AROON (14):	57.14
DEMA (21):	575.06
Parabolic SAR (0,02-0,02-0,2):	584.30
Elder Ray (13):	0.52
Super Trend (3,10):	564.24
Zig ZAG (10):	573.27
VORTEX (21):	1.0500
Stochastique (14,3,5):	25.85
TEMA (21):	574.69
Williams %R (14):	-72.67
Chande Momentum Oscillator (20):	2.26
Repulse (5,40,3):	-0.4000
ROCnROLL:	1
TRIX (15,9):	0.0700
Courbe Coppock:	0.60

MA7:	566.19
MA20:	551.00
MA50:	550.39
MA100:	514.09
MAexp7:	573.30
MAexp20:	572.08
MAexp50:	567.35
MAexp100:	560.74
Price / MA7:	+1.30%
Price / MA20:	+4.10%
Price / MA50:	+4.21%
Price / MA100:	+11.57%
Price / MAexp7:	+0.05%
Price / MAexp20:	+0.26%
Price / MAexp50:	+1.10%
Price / MAexp100:	+2.29%

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.

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