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 11/17/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Neutral

Underlying: Strongly bearish

Technical indicators

44%

28%

My opinion

Bearish under 533.80 USD

My targets

477.65 USD (-5.11%)

439.02 USD (-12.78%)

My analysis

The basic trend is very bearish on ADOBE INC. but buyers need to catch their breath in the short term. In a case like this, you could favour trades in the direction of the trend on ADOBE INC.. As long as you stay below the resistance 533.80 USD, sellers' retain the upper hand. A break in the support at 477.65 USD would be a signal that the basic trend will reverse. Sellers would then use the next support located at 439.02 USD as an objective. Crossing it would then enable sellers to target 392.23 USD. If the price were to depress the resistance 533.80 USD in the short term, this would be a sign of possible consolidation in the short term, but against the trend trading would then perhaps be more risky. On the other hand, we could expect signals of a reversal of the trend.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.

Force

3.8

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

Additional analysis

Quotes

The ADOBE INC. price is 503.37 USD. The price registered a decrease of -5.00% on the session and was traded between 498.81 USD and 524.50 USD over the period. The price is currently at +0.91% from its lowest and -4.03% from its highest.

498.81

524.50

503.37

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

Near a 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 strongly bearish. 82.14% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the strongly bearish trend is showing signs of running out of steam. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Moving Average bearish crossovers : AMA50 & AMA100

Type : Bearish

Timeframe : Daily

Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : Daily

In fact, of the 18 technical indicators analysed by Central Analyzer, 8 are bullish, 5 are neutral and 5 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : Daily

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

Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily

RSI indicator is back under 50

Type : Bearish

Timeframe : Daily

Ichimoku : price is under the cloud

Type : Bearish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Williams %R indicator is back under -50

Type : Bearish

Timeframe : Daily

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:

Horizontal support is broken

Type : Bearish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	392.23	439.02	477.65	503.37	509.33	533.80	586.55
Change (%)	-22.08%	-12.78%	-5.11%	-	+1.18%	+6.05%	+16.52%
Change	-111.14	-64.35	-25.72	-	+5.96	+30.43	+83.18
Level	Minor	Major	Intermediate	-	Major	Major	Intermediate

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	467.60	483.20	493.29	508.89	518.98	534.58	544.67
Camarilla	496.31	498.66	501.02	503.37	505.73	508.08	510.44
Woodie	464.84	481.82	490.53	507.51	516.22	533.20	541.91
Fibonacci	483.20	493.02	499.08	508.89	518.71	524.77	534.58

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	438.35	465.98	484.67	512.30	530.99	558.62	577.31
Camarilla	490.63	494.88	499.12	503.37	507.62	511.86	516.11
Woodie	433.89	463.75	480.21	510.07	526.53	556.39	572.85
Fibonacci	465.98	483.67	494.60	512.30	529.99	540.92	558.62

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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	49.70
MACD (12,26,9):	3.3200
Directional Movement:	4.13
AROON (14):	57.14
DEMA (21):	505.18
Parabolic SAR (0,02-0,02-0,2):	491.45
Elder Ray (13):	5.20
Super Trend (3,10):	490.76
Zig ZAG (10):	503.37
VORTEX (21):	0.9600
Stochastique (14,3,5):	72.25
TEMA (21):	515.28
Williams %R (14):	-56.34
Chande Momentum Oscillator (20):	16.69
Repulse (5,40,3):	-1.8200
ROCnROLL:	2
TRIX (15,9):	-0.0600
Courbe Coppock:	11.10

MA7:	513.18
MA20:	496.06
MA50:	509.79
MA100:	531.33
MAexp7:	512.46
MAexp20:	503.82
MAexp50:	509.52
MAexp100:	518.29
Price / MA7:	-1.91%
Price / MA20:	+1.47%
Price / MA50:	-1.26%
Price / MA100:	-5.26%
Price / MAexp7:	-1.77%
Price / MAexp20:	-0.09%
Price / MAexp50:	-1.21%
Price / MAexp100:	-2.88%

Quotes : - 15 min delayed data - NASDAQ Stocks

News

Don't forget to follow the news on ADOBE INC.. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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