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ADOBE INC.
ADOBE INC.
- USD (-)
- 15 min delayed data - NASDAQ Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: ADBE
ISIN:

ADOBE INC. - 1H - Technical analysis published on 05/29/2020 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
56%
6%
39%
My opinion
Bullish above 373.53 USD
My targets
391.27 USD (+2.55%)
My analysis
ADOBE INC. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 373.53 USD. The next resistance located at 391.27 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
7.3

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.

Vincent Launay
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

ADOBE INC. rating 381.55 USD. The price has increased by +0.45% since the last closing and was between 377.08 USD and 384.33 USD. This implies that the price is at +1.19% from its lowest and at -0.72% from its highest.

377.08
384.33
381.55

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bullish opening

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 Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of ADOBE INC. indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



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:

Central Patterns

Horizontal resistance is broken

Type : Bullish

Timeframe : 1 hour



Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Central Candlesticks

Bullish harami

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
Price


S3S2S1PriceR1R2
ProTrendLines 355.39 361.44 373.53 381.55 383.28 391.27
Change (%) -6.86% -5.27% -2.10% - +0.45% +2.55%
Change -26.16 -20.11 -8.02 - +1.73 +9.72
Level Intermediate Minor Intermediate - Major Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard358.19365.34372.59379.74386.99394.14401.39
Camarilla375.87377.19378.51379.83381.15382.47383.79
Woodie358.23365.37372.63379.77387.03394.17401.43
Fibonacci365.34370.84374.24379.74385.24388.64394.14


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard353.50360.35372.81379.66392.12398.97411.43
Camarilla379.95381.72383.49385.26387.03388.80390.57
Woodie356.30361.75375.61381.06394.92400.37414.23
Fibonacci360.35367.73372.29379.66387.04391.60398.97


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard243.64266.67310.16333.19376.68399.71443.20
Camarilla335.35341.45347.54353.64359.74365.84371.93
Woodie253.86271.79320.38338.31386.90404.83453.42
Fibonacci266.67292.08307.78333.19358.60374.30399.71

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): 54.05
MACD (12,26,9): 1.2200
Directional Movement: -0.15
AROON (14): 57.14
DEMA (21): 381.32
Parabolic SAR (0,02-0,02-0,2): 377.08
Elder Ray (13): 1.52
Super Trend (3,10): 373.32
Zig ZAG (10): 381.51
VORTEX (21): 1.0200
Stochastique (14,3,5): 72.94
TEMA (21): 381.60
Williams %R (14): -25.75
Chande Momentum Oscillator (20): 11.78
Repulse (5,40,3): 0.1700
ROCnROLL: 1
TRIX (15,9): 0.0200
Courbe Coppock: 5.91
MA7: 380.71
MA20: 368.35
MA50: 341.52
MA100: 344.92
MAexp7: 381.63
MAexp20: 380.01
MAexp50: 377.61
MAexp100: 372.08
Price / MA7: +0.22%
Price / MA20: +3.58%
Price / MA50: +11.72%
Price / MA100: +10.62%
Price / MAexp7: -0.02%
Price / MAexp20: +0.41%
Price / MAexp50: +1.04%
Price / MAexp100: +2.55%

Quotes : 2020-05-29 16:18:58 - 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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