ADOBE INC. - 1H - Technical analysis published on 10/25/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
39%
33%
28%
My opinion
Bearish under 548.44 USD
My targets
533.80 USD (-1.07%)
522.36 USD (-3.19%)
My analysis
ADOBE INC. is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 548.44 USD. The next support located at 533.80 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 522.36 USD. Below this support, sellers could then target 508.17 USD.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
4.1
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 539.56 USD. The price registered a decrease of -0.16% on the session and was between 532.12 USD and 546.00 USD. This implies that the price is at +1.40% from its lowest and at -1.18% from its highest.532.12
546.00
539.56
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ADOBE INC.:
Technical
Technical analysis of this 1H chart of ADOBE INC. indicates that the overall trend is bearish. 75.00% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
On the 18 technical indicators analysed, 7 are bullish, 5 are neutral and 6 are bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 508.17 | 522.36 | 533.80 | 539.56 | 548.44 | 555.45 | 564.88 |
| Change (%) | -5.82% | -3.19% | -1.07% | - | +1.65% | +2.94% | +4.69% |
| Change | -31.39 | -17.20 | -5.76 | - | +8.88 | +15.89 | +25.32 |
| Level | Major | Intermediate | Major | - | Intermediate | Minor | Major |
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 | 514.58 | 522.79 | 531.60 | 539.81 | 548.62 | 556.83 | 565.64 |
| Camarilla | 535.73 | 537.29 | 538.85 | 540.41 | 541.97 | 543.53 | 545.09 |
| Woodie | 514.88 | 522.94 | 531.90 | 539.96 | 548.92 | 556.98 | 565.94 |
| Fibonacci | 522.79 | 529.29 | 533.31 | 539.81 | 546.31 | 550.33 | 556.83 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 496.32 | 516.13 | 528.55 | 548.36 | 560.78 | 580.59 | 593.01 |
| Camarilla | 532.10 | 535.05 | 538.01 | 540.96 | 543.91 | 546.87 | 549.82 |
| Woodie | 492.62 | 514.28 | 524.85 | 546.51 | 557.08 | 578.74 | 589.31 |
| Fibonacci | 516.13 | 528.45 | 536.05 | 548.36 | 560.68 | 568.28 | 580.59 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 410.78 | 454.74 | 482.32 | 526.28 | 553.86 | 597.82 | 625.40 |
| Camarilla | 490.23 | 496.78 | 503.34 | 509.90 | 516.46 | 523.02 | 529.57 |
| Woodie | 402.59 | 450.65 | 474.13 | 522.19 | 545.67 | 593.73 | 617.21 |
| Fibonacci | 454.74 | 482.07 | 498.95 | 526.28 | 553.61 | 570.49 | 597.82 |
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): | 43.67 | |
| MACD (12,26,9): | -3.9400 | |
| Directional Movement: | -11.93 | |
| AROON (14): | 35.72 | |
| DEMA (21): | 537.16 | |
| Parabolic SAR (0,02-0,02-0,2): | 547.09 | |
| Elder Ray (13): | -1.65 | |
| Super Trend (3,10): | 550.06 | |
| Zig ZAG (10): | 539.56 | |
| VORTEX (21): | 0.8600 | |
| Stochastique (14,3,5): | 38.44 | |
| TEMA (21): | 535.11 | |
| Williams %R (14): | -49.74 | |
| Chande Momentum Oscillator (20): | 0.25 | |
| Repulse (5,40,3): | 0.4800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1100 | |
| Courbe Coppock: | 1.67 |
| MA7: | 549.34 | |
| MA20: | 533.63 | |
| MA50: | 534.31 | |
| MA100: | 515.91 | |
| MAexp7: | 538.45 | |
| MAexp20: | 542.32 | |
| MAexp50: | 545.98 | |
| MAexp100: | 543.34 | |
| Price / MA7: | -1.78% | |
| Price / MA20: | +1.11% | |
| Price / MA50: | +0.98% | |
| Price / MA100: | +4.58% | |
| Price / MAexp7: | +0.21% | |
| Price / MAexp20: | -0.51% | |
| Price / MAexp50: | -1.18% | |
| Price / MAexp100: | -0.70% |
Quotes :
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15 min delayed data
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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:
- INVESTOR ACTION ALERT: The Schall Law Firm Encourages Investors in Adobe Inc. with Losses of $100,000 to Contact the Firm
- Adobe Co-Founder Dr. John Warnock Passes at 82
- Elogic Commerce Awarded Adobe Commerce Specialization in the EMEA Region
- Adobe Reports Record Revenue in Q2 Fiscal 2023
- Adobe Summit EMEA Spotlights Major New Innovations and Customer Momentum Across Europe
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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