ADOBE INC. - Daily - Technical analysis published on 08/19/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 421.20 USD
My targets
485.69 USD (+10.63%)
533.80 USD (+21.59%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ADOBE INC. as long as the price remains well above 421.20 USD. The buyers' bullish objective is set at 485.69 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 533.80 USD. If there is any crossing, the next objective would be the resistance located at 616.53 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. 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.
This analysis was given by Milosz Herman. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ADOBE INC. rating 439.03 USD. On the day, this instrument gained +0.28% and was traded between 437.01 USD and 441.39 USD over the period. The price is currently at +0.46% from its lowest and -0.53% from its highest.437.01
441.39
439.03
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of ADOBE INC. indicates that the overall trend is strongly bullish. 85.71% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 12 technical indicators on 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : Daily
Near support of channel
Type : Bullish
Timeframe : Daily
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 311.27 | 360.79 | 421.20 | 439.03 | 533.80 | 616.53 | 688.37 |
| Change (%) | -29.10% | -17.82% | -4.06% | - | +21.59% | +40.43% | +56.79% |
| Change | -127.76 | -78.24 | -17.83 | - | +94.77 | +177.50 | +249.34 |
| Level | Minor | Major | Major | - | Major | 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 | 432.52 | 434.76 | 436.90 | 439.14 | 441.28 | 443.52 | 445.66 |
| Camarilla | 437.83 | 438.23 | 438.63 | 439.03 | 439.43 | 439.83 | 440.24 |
| Woodie | 432.46 | 434.74 | 436.84 | 439.12 | 441.22 | 443.50 | 445.60 |
| Fibonacci | 434.76 | 436.44 | 437.47 | 439.14 | 440.82 | 441.85 | 443.52 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 410.13 | 417.37 | 431.52 | 438.76 | 452.91 | 460.15 | 474.30 |
| Camarilla | 439.79 | 441.75 | 443.71 | 445.67 | 447.63 | 449.59 | 451.55 |
| Woodie | 413.59 | 419.10 | 434.98 | 440.49 | 456.37 | 461.88 | 477.76 |
| Fibonacci | 417.37 | 425.54 | 430.59 | 438.76 | 446.93 | 451.98 | 460.15 |
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): | 61.10 | |
| MACD (12,26,9): | 13.7600 | |
| Directional Movement: | 12.38 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 442.76 | |
| Parabolic SAR (0,02-0,02-0,2): | 431.46 | |
| Elder Ray (13): | 6.25 | |
| Super Trend (3,10): | 410.15 | |
| Zig ZAG (10): | 439.03 | |
| VORTEX (21): | 1.0900 | |
| Stochastique (14,3,5): | 80.94 | |
| TEMA (21): | 450.99 | |
| Williams %R (14): | -24.78 | |
| Chande Momentum Oscillator (20): | 29.07 | |
| Repulse (5,40,3): | 0.4100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.4800 | |
| Courbe Coppock: | 19.36 |
| MA7: | 442.06 | |
| MA20: | 422.22 | |
| MA50: | 397.58 | |
| MA100: | 408.76 | |
| MAexp7: | 439.48 | |
| MAexp20: | 425.37 | |
| MAexp50: | 411.87 | |
| MAexp100: | 422.78 | |
| Price / MA7: | -0.69% | |
| Price / MA20: | +3.98% | |
| Price / MA50: | +10.43% | |
| Price / MA100: | +7.41% | |
| Price / MAexp7: | -0.10% | |
| Price / MAexp20: | +3.21% | |
| Price / MAexp50: | +6.59% | |
| Price / MAexp100: | +3.84% |
Quotes :
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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 Digital Price Index: E-Commerce Enters Deflation for the First Time in Over Two Years
- FC Bayern and Adobe Partner to Redefine Fan Experiences
- Adobe Digital Price Index: Online Inflation Slows in June to 0.3%
- Adobe Reports Record Revenue in Q2 Fiscal 2022
- New Adobe Real-Time CDP Innovations Drive Personalization for Global Brands
This member declared not having a position on this financial instrument or a related financial instrument.
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