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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. - Daily - Technical analysis published on 05/11/2022 (GMT)

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  • Timeframe : Daily
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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 399.35 USD
My targets
342.51 USD (-9.71%)
311.27 USD (-17.94%)
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 399.35 USD. The next support located at 342.51 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 311.27 USD. Below this support, sellers could then target 258.70 USD. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
7.7

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.

AMIKOTUN
This analysis was given by AMIKOTUN. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

ADOBE INC. rating 379.33 USD. The price registered a decrease of -3.49% on the session and was between 377.81 USD and 409.99 USD. This implies that the price is at +0.40% from its lowest and at -7.48% from its highest.

377.81
409.99
379.33

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

Central Gaps

Bearish opening

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 for higher/lower results shows the following items:

Central Records

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in Daily of this ADOBE INC. chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The probability of a further decline is moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

Price is back under the pivot point

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:

Central Patterns

Near support of channel

Type : Bullish

Timeframe : Daily



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 205.16 258.70 311.27 379.33 383.28 421.20 469.90
Change (%) -45.92% -31.80% -17.94% - +1.04% +11.04% +23.88%
Change -174.17 -120.63 -68.06 - +3.95 +41.87 +90.57
Level Major Intermediate Minor - Intermediate Major 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
Standard335.92356.86368.10389.04400.28421.22432.46
Camarilla370.48373.43376.38379.33382.28385.23388.18
Woodie331.06354.44363.24386.62395.42418.80427.60
Fibonacci356.86369.16376.75389.04401.34408.93421.22


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard333.07357.94374.48399.35415.89440.76457.30
Camarilla379.62383.42387.21391.01394.81398.60402.40
Woodie328.90355.86370.31397.27411.72438.68453.13
Fibonacci357.94373.76383.54399.35415.17424.95440.76


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard290.38342.51369.23421.36448.08500.21526.93
Camarilla374.27381.49388.72395.95403.18410.41417.63
Woodie277.68336.16356.53415.01435.38493.86514.23
Fibonacci342.51372.63391.24421.36451.48470.09500.21

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): 38.38
MACD (12,26,9): -14.0600
Directional Movement: -0.64
AROON (14): -92.86
DEMA (21): 389.32
Parabolic SAR (0,02-0,02-0,2): 418.66
Elder Ray (13): -5.94
Super Trend (3,10): 435.28
Zig ZAG (10): 379.33
VORTEX (21): 0.8400
Stochastique (14,3,5): 13.55
TEMA (21): 385.43
Williams %R (14): -90.82
Chande Momentum Oscillator (20): -34.62
Repulse (5,40,3): -6.5800
ROCnROLL: 2
TRIX (15,9): -0.4100
Courbe Coppock: 13.44
MA7: 395.96
MA20: 408.24
MA50: 430.48
MA100: 472.34
MAexp7: 392.06
MAexp20: 407.24
MAexp50: 432.87
MAexp100: 470.62
Price / MA7: -4.20%
Price / MA20: -7.08%
Price / MA50: -11.88%
Price / MA100: -19.69%
Price / MAexp7: -3.25%
Price / MAexp20: -6.85%
Price / MAexp50: -12.37%
Price / MAexp100: -19.40%

Quotes : - 15 min delayed data - NASDAQ Stocks

News


The last news published on ADOBE INC. at the time of the generation of this analysis was as follows:

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

About author

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Londinia AI

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