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 01/05/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

22%

50%

28%

My opinion

Bearish under 578.26 USD

My targets

547.21 USD (-3.47%)

533.80 USD (-5.83%)

My analysis

The bearish trend is currently very strong for ADOBE INC.. As long as the price remains below the resistance at 578.26 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 547.21 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 533.80 USD as an objective. Crossing it would then enable sellers to target 508.15 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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 bearish sentiment is not called into question, despite technical indicators being neutral.

Force

Comment on the analysis

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 Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The ADOBE INC. price is 566.85 USD. The price registered a decrease of -0.04% on the session and was traded between 563.50 USD and 569.49 USD over the period. The price is currently at +0.59% from its lowest and -0.46% from its highest.

563.50

569.49

566.85

The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.

Opening Gap DOWN

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

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

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New LOW record (1st january)

Type : Bearish

Timeframe : Weekly

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of ADOBE INC. in 1H shows a overall strongly 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

On the 18 technical indicators analysed, 4 are bullish, 5 are neutral and 9 are bearish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : 1 hour

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

MACD indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal support

Type : Bullish

Timeframe : 1 hour

Near support of channel

Type : Bullish

Timeframe : 1 hour

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	508.15	533.80	564.88	566.85	578.26	600.98	612.48
Change (%)	-10.36%	-5.83%	-0.35%	-	+2.01%	+6.02%	+8.05%
Change	-58.70	-33.05	-1.97	-	+11.41	+34.13	+45.63
Level	Major	Intermediate	Major	-	Minor	Intermediate	Minor

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	558.59	562.62	564.84	568.87	571.09	575.12	577.34
Camarilla	565.33	565.90	566.48	567.05	567.62	568.20	568.77
Woodie	557.68	562.17	563.93	568.42	570.18	574.67	576.43
Fibonacci	562.62	565.01	566.49	568.87	571.26	572.74	575.12

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	583.71	588.33	592.46	597.08	601.21	605.83	609.96
Camarilla	594.19	595.00	595.80	596.60	597.40	598.20	599.01
Woodie	583.48	588.21	592.23	596.96	600.98	605.71	609.73
Fibonacci	588.33	591.67	593.73	597.08	600.42	602.48	605.83

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	516.21	547.21	571.90	602.90	627.59	658.59	683.28
Camarilla	581.29	586.39	591.50	596.60	601.71	606.81	611.92
Woodie	513.07	545.63	568.76	601.32	624.45	657.01	680.14
Fibonacci	547.21	568.48	581.62	602.90	624.17	637.31	658.59

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):	32.30
MACD (12,26,9):	-5.5500
Directional Movement:	-24.70
AROON (14):	-92.86
DEMA (21):	565.50
Parabolic SAR (0,02-0,02-0,2):	570.27
Elder Ray (13):	-3.25
Super Trend (3,10):	576.87
Zig ZAG (10):	566.75
VORTEX (21):	0.8100
Stochastique (14,3,5):	14.06
TEMA (21):	564.25
Williams %R (14):	-77.45
Chande Momentum Oscillator (20):	-6.49
Repulse (5,40,3):	-0.5400
ROCnROLL:	2
TRIX (15,9):	-0.1500
Courbe Coppock:	2.82

MA7:	581.88
MA20:	597.16
MA50:	589.34
MA100:	561.83
MAexp7:	567.73
MAexp20:	573.19
MAexp50:	582.37
MAexp100:	590.06
Price / MA7:	-2.58%
Price / MA20:	-5.08%
Price / MA50:	-3.82%
Price / MA100:	+0.89%
Price / MAexp7:	-0.16%
Price / MAexp20:	-1.11%
Price / MAexp50:	-2.66%
Price / MAexp100:	-3.93%

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.

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