ADOBE INC. - 1H - Technical analysis published on 10/15/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Slightly bullish
Technical indicators
17%
72%
11%
My opinion
Bearish under 501.60 USD
My targets
489.21 USD (-1.24%)
477.57 USD (-3.59%)
My analysis
The strong short-term decline in ADOBE INC. calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 501.60 USD, one could consider taking advantage of the short-term movement. The first bearish objective is located at 489.21 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 477.57 USD as an objective. Crossing it would then enable sellers to target 466.20 USD. Be careful, a return to above 501.60 USD could jeopardize the reversal.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
2.5
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ADOBE INC. rating is 495.36 USD. On the day, this instrument lost -2.16% and was between 491.85 USD and 502.50 USD. This implies that the price is at +0.71% from its lowest and at -1.42% from its highest.491.85
502.50
495.36
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ADOBE INC.:
Near a new HIGH record (5 years)
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 slightly bullish. 53.57% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently being given by short-term moving averages indicate that this slightly bullish trend could be reversed. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 13 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
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:
Horizontal support is broken
Type : Bearish
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 | 466.20 | 477.57 | 489.21 | 495.36 | 501.60 | 511.35 | 519.55 |
| Change (%) | -5.89% | -3.59% | -1.24% | - | +1.26% | +3.23% | +4.88% |
| Change | -29.16 | -17.79 | -6.15 | - | +6.24 | +15.99 | +24.19 |
| Level | Intermediate | Minor | Minor | - | Intermediate | Minor | 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 | 484.27 | 492.94 | 499.62 | 508.29 | 514.97 | 523.64 | 530.32 |
| Camarilla | 502.09 | 503.50 | 504.90 | 506.31 | 507.72 | 509.12 | 510.53 |
| Woodie | 483.29 | 492.44 | 498.64 | 507.79 | 513.99 | 523.14 | 529.34 |
| Fibonacci | 492.94 | 498.80 | 502.42 | 508.29 | 514.15 | 517.77 | 523.64 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 461.05 | 469.27 | 485.72 | 493.94 | 510.39 | 518.61 | 535.06 |
| Camarilla | 495.38 | 497.64 | 499.90 | 502.16 | 504.42 | 506.68 | 508.94 |
| Woodie | 465.16 | 471.33 | 489.83 | 496.00 | 514.50 | 520.67 | 539.17 |
| Fibonacci | 469.27 | 478.70 | 484.52 | 493.94 | 503.37 | 509.19 | 518.61 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 365.31 | 408.92 | 449.67 | 493.28 | 534.03 | 577.64 | 618.39 |
| Camarilla | 467.23 | 474.96 | 482.70 | 490.43 | 498.16 | 505.90 | 513.63 |
| Woodie | 363.89 | 408.21 | 448.25 | 492.57 | 532.61 | 576.93 | 616.97 |
| Fibonacci | 408.92 | 441.14 | 461.05 | 493.28 | 525.50 | 545.41 | 577.64 |
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): | 36.70 | |
| MACD (12,26,9): | -1.4000 | |
| Directional Movement: | -12.46 | |
| AROON (14): | -64.28 | |
| DEMA (21): | 503.45 | |
| Parabolic SAR (0,02-0,02-0,2): | 507.53 | |
| Elder Ray (13): | -6.54 | |
| Super Trend (3,10): | 511.56 | |
| Zig ZAG (10): | 495.47 | |
| VORTEX (21): | 0.8700 | |
| Stochastique (14,3,5): | 13.56 | |
| TEMA (21): | 498.82 | |
| Williams %R (14): | -87.82 | |
| Chande Momentum Oscillator (20): | -21.25 | |
| Repulse (5,40,3): | -0.4000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 5.82 |
| MA7: | 502.05 | |
| MA20: | 488.69 | |
| MA50: | 483.04 | |
| MA100: | 454.24 | |
| MAexp7: | 499.95 | |
| MAexp20: | 503.88 | |
| MAexp50: | 500.91 | |
| MAexp100: | 495.59 | |
| Price / MA7: | -1.33% | |
| Price / MA20: | +1.36% | |
| Price / MA50: | +2.55% | |
| Price / MA100: | +9.05% | |
| Price / MAexp7: | -0.92% | |
| Price / MAexp20: | -1.69% | |
| Price / MAexp50: | -1.11% | |
| Price / MAexp100: | -0.05% |
Quotes :
2020-10-15 16:30:40
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15 min delayed data
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NASDAQ Stocks
News
The latest news and videos published on ADOBE INC. at the time of the analysis were as follows:
- Adobe Names Melanie Boulden to its Board of Directors
- Adobe Reports Record Revenue
- Investor Advisory: Adobe Announces Webcast of Investor Conference Participation
- Adobe to Webcast Q3 FY2020 Earnings Conference Call
- Investor Advisory: Adobe Announces Webcast of Investor Conference Participation
This member declared not having a position on this financial instrument or a related financial instrument.
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