ADOBE INC. - 1H - Technical analysis published on 08/01/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 391.89 USD
My targets
414.62 USD (+1.13%)
421.20 USD (+2.73%)
My analysis
The bullish trend is currently very strong on ADOBE INC.. As long as the price remains above the support at 391.89 USD, you could try to benefit from the boom. The first bullish objective is located at 414.62 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 421.20 USD as an objective. Crossing it would then enable buyers to target 533.80 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.4
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ADOBE INC. rating is 410.00 USD. The price registered a decrease of -0.03% on the session and was between 405.07 USD and 412.85 USD. This implies that the price is at +1.22% from its lowest and at -0.69% from its highest.405.07
412.85
410.00
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.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of ADOBE INC. in 1H shows a strongly overall bullish trend. 92.86% 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. 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 bullish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
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:
Near support of channel
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 | 383.28 | 391.89 | 408.00 | 410.00 | 414.62 | 421.20 | 533.80 |
| Change (%) | -6.52% | -4.42% | -0.49% | - | +1.13% | +2.73% | +30.20% |
| Change | -26.72 | -18.11 | -2.00 | - | +4.62 | +11.20 | +123.80 |
| Level | Intermediate | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 393.06 | 396.97 | 403.55 | 407.46 | 414.04 | 417.95 | 424.53 |
| Camarilla | 407.24 | 408.20 | 409.16 | 410.12 | 411.08 | 412.04 | 413.01 |
| Woodie | 394.39 | 397.64 | 404.88 | 408.13 | 415.37 | 418.62 | 425.86 |
| Fibonacci | 396.97 | 400.98 | 403.46 | 407.46 | 411.47 | 413.95 | 417.95 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 355.17 | 366.67 | 388.39 | 399.89 | 421.61 | 433.11 | 454.83 |
| Camarilla | 400.99 | 404.03 | 407.08 | 410.12 | 413.17 | 416.21 | 419.26 |
| Woodie | 360.29 | 369.23 | 393.51 | 402.45 | 426.73 | 435.67 | 459.95 |
| Fibonacci | 366.67 | 379.36 | 387.20 | 399.89 | 412.58 | 420.42 | 433.11 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 319.04 | 339.05 | 374.59 | 394.60 | 430.14 | 450.15 | 485.69 |
| Camarilla | 394.84 | 399.94 | 405.03 | 410.12 | 415.21 | 420.30 | 425.40 |
| Woodie | 326.80 | 342.93 | 382.35 | 398.48 | 437.90 | 454.03 | 493.45 |
| Fibonacci | 339.05 | 360.27 | 373.38 | 394.60 | 415.82 | 428.93 | 450.15 |
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): | 71.40 | |
| MACD (12,26,9): | 4.7900 | |
| Directional Movement: | 15.54 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 408.12 | |
| Parabolic SAR (0,02-0,02-0,2): | 405.07 | |
| Elder Ray (13): | 5.29 | |
| Super Trend (3,10): | 399.25 | |
| Zig ZAG (10): | 409.14 | |
| VORTEX (21): | 1.2900 | |
| Stochastique (14,3,5): | 83.64 | |
| TEMA (21): | 411.09 | |
| Williams %R (14): | -22.25 | |
| Chande Momentum Oscillator (20): | 8.99 | |
| Repulse (5,40,3): | 0.6100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1400 | |
| Courbe Coppock: | 6.99 |
| MA7: | 398.28 | |
| MA20: | 389.38 | |
| MA50: | 392.62 | |
| MA100: | 409.07 | |
| MAexp7: | 407.52 | |
| MAexp20: | 402.46 | |
| MAexp50: | 396.92 | |
| MAexp100: | 392.15 | |
| Price / MA7: | +2.94% | |
| Price / MA20: | +5.30% | |
| Price / MA50: | +4.43% | |
| Price / MA100: | +0.23% | |
| Price / MAexp7: | +0.61% | |
| Price / MAexp20: | +1.87% | |
| Price / MAexp50: | +3.30% | |
| Price / MAexp100: | +4.55% |
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:
- Adobe Digital Price Index: Online Inflation Slows in June to 0.3%
- Adobe Reports Record Revenue in Q2 Fiscal 2022
- Adobe Supercharges Photoshop and Lightroom with Multi-Surface Updates
- New Adobe Real-Time CDP Innovations Drive Personalization for Global Brands
- Next-Generation Adobe Analytics Delivers Customer Insights From Streaming Media and the Metaverse
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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