ADOBE INC.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	ADBE
ISIN:

ADOBE INC. - Daily - Technical analysis published on 11/12/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bearish

Technical indicators

78%

17%

My opinion

Bullish above 509.33 USD

My targets

533.80 USD (+2.60%)

586.55 USD (+12.74%)

My analysis

The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for ADOBE INC. as long as the price remains well above 509.33 USD. The buyers' bullish objective is set at 533.80 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 586.55 USD. If there is any crossing, the next objective would be the resistance located at 634.76 USD. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 533.80 USD. On this resistance, against the trend traders who would like to go short on ADOBE INC. with a bearish signal from their trading strategy, should not hesitate to act.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

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 520.27 USD. On the day, this instrument gained +3.13% with the lowest point at 504.27 USD and the highest point at 520.79 USD. The deviation from the price is +3.17% for the low point and -0.10% for the high point.

504.27

520.79

520.27

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this ADOBE INC. chart shows a slightly bearish trend. 53.57% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages indicate that this slightly bearish trend could quickly be reversed. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : Daily

The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Daily

SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	463.56	487.01	509.33	520.27	533.80	586.55	634.76
Change (%)	-10.90%	-6.39%	-2.10%	-	+2.60%	+12.74%	+22.01%
Change	-56.71	-33.26	-10.94	-	+13.53	+66.28	+114.49
Level	Minor	Major	Major	-	Major	Intermediate	Major

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	482.03	487.81	496.15	501.93	510.27	516.05	524.39
Camarilla	500.60	501.89	503.19	504.48	505.77	507.07	508.36
Woodie	483.30	488.45	497.42	502.57	511.54	516.69	525.66
Fibonacci	487.81	493.21	496.54	501.93	507.33	510.66	516.05

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	444.54	460.95	477.82	494.23	511.10	527.51	544.38
Camarilla	485.53	488.58	491.63	494.68	497.73	500.78	503.83
Woodie	444.76	461.07	478.04	494.35	511.32	527.63	544.60
Fibonacci	460.95	473.67	481.52	494.23	506.95	514.80	527.51

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	422.35	449.87	463.97	491.49	505.59	533.11	547.21
Camarilla	466.64	470.45	474.27	478.08	481.90	485.71	489.53
Woodie	415.65	446.52	457.27	488.14	498.89	529.76	540.51
Fibonacci	449.87	465.77	475.59	491.49	507.39	517.21	533.11

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):	60.52
MACD (12,26,9):	-1.4300
Directional Movement:	11.47
AROON (14):	50.00
DEMA (21):	492.61
Parabolic SAR (0,02-0,02-0,2):	479.71
Elder Ray (13):	14.43
Super Trend (3,10):	477.20
Zig ZAG (10):	518.79
VORTEX (21):	0.9800
Stochastique (14,3,5):	78.65
TEMA (21):	499.93
Williams %R (14):	-1.11
Chande Momentum Oscillator (20):	35.40
Repulse (5,40,3):	4.5300
ROCnROLL:	1
TRIX (15,9):	-0.1900
Courbe Coppock:	3.07

MA7:	498.79
MA20:	492.02
MA50:	512.42
MA100:	531.38
MAexp7:	501.58
MAexp20:	496.96
MAexp50:	507.62
MAexp100:	517.77
Price / MA7:	+4.31%
Price / MA20:	+5.74%
Price / MA50:	+1.53%
Price / MA100:	-2.09%
Price / MAexp7:	+3.73%
Price / MAexp20:	+4.69%
Price / MAexp50:	+2.49%
Price / MAexp100:	+0.48%

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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