ADOBE INC. - 1H - Technical analysis published on 05/17/2024 (GMT)
- 93
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Slightly bullish
Technical indicators
28%
39%
33%
My opinion
Neutral between 477.62 USD and 489.53 USD
My targets
-
My analysis
A slightly bullish trend and a neutral short term. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 489.53 USD. The first support is located at 477.62 USD. A very slight advantage is given by the slightly bullish basic trend so that the resistance is reached first, but should we take this into account? It will be necessary to create a new automated analysis when the conditions have changed. This may be the case, for example, when the first resistance has been broken above or the first support has been broken below.
In the very short term, the neutral opinion of this analysis is confirmed by technical indicators which are also neutral.
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
ADOBE INC. rating 482.78 USD. On the day, this instrument lost -0.02% and was traded between 481.52 USD and 485.88 USD over the period. The price is currently at +0.26% from its lowest and -0.64% from its highest.481.52
485.88
482.78
The Central Gaps scanner detects a bullish opening. A small advantage for buyers 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.:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of ADOBE INC. in 1H shows an overall slightly bullish trend. Only 53.57% of the signals given by moving averages are bullish. This slightly bullish trend could return to neutral given the neutral signals also given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 6 are neutral and 7 are bearish. Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of channel
Type : Bullish
Timeframe : 1 hour
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 466.48 | 472.68 | 477.62 | 482.78 | 482.79 | 489.53 | 493.16 |
| Change (%) | -3.38% | -2.09% | -1.07% | - | +0.00% | +1.40% | +2.15% |
| Change | -16.30 | -10.10 | -5.16 | - | +0.01 | +6.75 | +10.38 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | 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 | 475.93 | 478.66 | 480.77 | 483.50 | 485.61 | 488.34 | 490.45 |
| Camarilla | 481.55 | 481.99 | 482.44 | 482.88 | 483.32 | 483.77 | 484.21 |
| Woodie | 475.62 | 478.51 | 480.46 | 483.35 | 485.30 | 488.19 | 490.14 |
| Fibonacci | 478.66 | 480.51 | 481.65 | 483.50 | 485.35 | 486.49 | 488.34 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 459.68 | 469.99 | 476.14 | 486.45 | 492.60 | 502.91 | 509.06 |
| Camarilla | 477.76 | 479.27 | 480.78 | 482.29 | 483.80 | 485.31 | 486.82 |
| Woodie | 457.60 | 468.95 | 474.06 | 485.41 | 490.52 | 501.87 | 506.98 |
| Fibonacci | 469.99 | 476.28 | 480.16 | 486.45 | 492.74 | 496.62 | 502.91 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 403.13 | 432.70 | 447.77 | 477.34 | 492.41 | 521.98 | 537.05 |
| Camarilla | 450.55 | 454.65 | 458.74 | 462.83 | 466.92 | 471.01 | 475.11 |
| Woodie | 395.87 | 429.08 | 440.51 | 473.72 | 485.15 | 518.36 | 529.79 |
| Fibonacci | 432.70 | 449.76 | 460.29 | 477.34 | 494.40 | 504.93 | 521.98 |
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): | 48.50 | |
| MACD (12,26,9): | 0.3400 | |
| Directional Movement: | -4.06 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 484.02 | |
| Parabolic SAR (0,02-0,02-0,2): | 480.63 | |
| Elder Ray (13): | 0.44 | |
| Super Trend (3,10): | 477.25 | |
| Zig ZAG (10): | 483.26 | |
| VORTEX (21): | 1.0900 | |
| Stochastique (14,3,5): | 45.59 | |
| TEMA (21): | 484.77 | |
| Williams %R (14): | -77.68 | |
| Chande Momentum Oscillator (20): | -3.65 | |
| Repulse (5,40,3): | -0.1400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 2.08 |
| MA7: | 482.24 | |
| MA20: | 479.26 | |
| MA50: | 495.07 | |
| MA100: | 541.88 | |
| MAexp7: | 484.17 | |
| MAexp20: | 483.68 | |
| MAexp50: | 483.53 | |
| MAexp100: | 482.71 | |
| Price / MA7: | +0.11% | |
| Price / MA20: | +0.73% | |
| Price / MA50: | -2.48% | |
| Price / MA100: | -10.91% | |
| Price / MAexp7: | -0.29% | |
| Price / MAexp20: | -0.19% | |
| Price / MAexp50: | -0.16% | |
| Price / MAexp100: | +0.01% |
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:
- Readymag Nominated for the Webby Awards Alongside Adobe and Vimeo as the Best Digital Tool for Creative Production
- Adobe Announces Generative AI Solutions to Jumpstart Content Supply Chain for Enterprises
- Oshyn Introduces Reliability Report at Adobe Summit
-
Look ahead: US producer prices; retail sales; Adobe; Dollar General
- Thinking about trading options or stock in Tesla, Coinbase Global, Adobe, Crowdstrike, or Meta Platforms?
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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