ADOBE INC.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
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High / Low range:	-

Type:	Stocks
Ticker:	ADBE
ISIN:

ADOBE INC. - 1H - Technical analysis published on 01/12/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

50%

44%

My opinion

Bullish above 578.26 USD

My targets

604.54 USD (+1.20%)

612.75 USD (+2.57%)

My analysis

In the short term, there could be an acceleration of the basic bullish trend on ADOBE INC.. This is a positive signal for buyers. As long as the price remains above 578.26 USD, a purchase could be considered. The first bullish objective is located at 604.54 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 612.75 USD as an objective. Crossing it would then enable buyers to target 623.00 USD. In the event of a return below 578.26 USD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.

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

5.7

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.

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Additional analysis

Quotes

ADOBE INC. rating 597.38 USD. The price is lower by -0.02% since the last closing and was between 593.02 USD and 599.38 USD. This implies that the price is at +0.74% from its lowest and at -0.33% from its highest.

593.02

599.38

597.38

The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.

Opening Gap UP

Type : Bullish

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 an item:

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of ADOBE INC. in 1H shows an overall bullish trend. 75.00% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Bullish trend reversal : Moving Average 100

Type : Bullish

Timeframe : 1 hour

In fact, only 9 technical indicators out of 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

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

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	564.88	578.26	594.76	597.38	604.54	612.75	623.00
Change (%)	-5.44%	-3.20%	-0.44%	-	+1.20%	+2.57%	+4.29%
Change	-32.50	-19.12	-2.62	-	+7.16	+15.37	+25.62
Level	Major	Intermediate	Minor	-	Intermediate	Minor	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	575.41	579.96	588.73	593.28	602.05	606.60	615.37
Camarilla	593.83	595.05	596.27	597.49	598.71	599.93	601.15
Woodie	577.51	581.02	590.83	594.34	604.15	607.66	617.47
Fibonacci	579.96	585.05	588.20	593.28	598.37	601.52	606.60

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	528.05	545.69	555.15	572.79	582.25	599.89	609.35
Camarilla	557.15	559.63	562.12	564.60	567.08	569.57	572.05
Woodie	523.95	543.65	551.05	570.75	578.15	597.85	605.25
Fibonacci	545.69	556.05	562.44	572.79	583.15	589.54	599.89

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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	64.80
MACD (12,26,9):	3.8600
Directional Movement:	13.71
AROON (14):	35.72
DEMA (21):	597.23
Parabolic SAR (0,02-0,02-0,2):	588.39
Elder Ray (13):	2.86
Super Trend (3,10):	585.77
Zig ZAG (10):	596.87
VORTEX (21):	1.1200
Stochastique (14,3,5):	76.26
TEMA (21):	598.40
Williams %R (14):	-16.62
Chande Momentum Oscillator (20):	5.88
Repulse (5,40,3):	0.2900
ROCnROLL:	1
TRIX (15,9):	0.1100
Courbe Coppock:	1.84

MA7:	583.41
MA20:	589.52
MA50:	596.27
MA100:	565.58
MAexp7:	595.45
MAexp20:	591.99
MAexp50:	587.33
MAexp100:	588.60
Price / MA7:	+2.39%
Price / MA20:	+1.33%
Price / MA50:	+0.19%
Price / MA100:	+5.62%
Price / MAexp7:	+0.32%
Price / MAexp20:	+0.91%
Price / MAexp50:	+1.71%
Price / MAexp100:	+1.49%

Quotes : - 15 min delayed data - 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:

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

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