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 05/22/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bearish

Underlying: Slightly bearish

Technical indicators

33%

28%

39%

My opinion

Bearish under 489.56 USD

My targets

476.76 USD (-1.05%)

472.68 USD (-1.90%)

My analysis

The basic trend is currently slightly bearish on ADOBE INC. and the short term does not seem to show any sign of improvement. Sellers are struggling to get their hands on this instrument. However, as long as the price remains below 489.56 USD, sales could be favoured. The first bearish objective would be located at 476.76 USD. Sellers would then use the next support located at 472.68 USD as an objective. Crossing it would then enable sellers to target 466.48 USD. A return to above the resistance at 489.56 USD could jeopardize this fragile bearish trend. Indecision would then be total and in this case you could keep away.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.

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 481.82 USD. On the day, this instrument lost -0.01% and was traded between 479.14 USD and 485.50 USD over the period. The price is currently at +0.56% from its lowest and -0.76% from its highest.

479.14

485.50

481.82

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

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 study of the highest / lowest by the Central Records scanner shows the following results:

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 1H of this ADOBE INC. chart shows a slightly bearish trend. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend is not supported by the signals currently being given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour

In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 7 are neutral and 5 are bearish. Caution: the Central Indicators scanner currently detects an excess:

MACD indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : 1 hour

Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour

Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour

Williams %R indicator is back over -50

Type : Bullish

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

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 : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	466.48	472.68	476.76	481.82	482.79	489.56	493.16
Change (%)	-3.18%	-1.90%	-1.05%	-	+0.20%	+1.61%	+2.35%
Change	-15.34	-9.14	-5.06	-	+0.97	+7.74	+11.34
Level	Minor	Minor	Intermediate	-	Minor	Intermediate	Minor

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	466.43	471.78	476.81	482.16	487.19	492.54	497.57
Camarilla	479.00	479.95	480.90	481.85	482.80	483.75	484.71
Woodie	466.28	471.70	476.66	482.08	487.04	492.46	497.42
Fibonacci	471.78	475.74	478.19	482.16	486.12	488.57	492.54

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	446.21	456.34	469.89	480.02	493.57	503.70	517.25
Camarilla	476.92	479.09	481.26	483.43	485.60	487.77	489.94
Woodie	447.91	457.20	471.59	480.88	495.27	504.56	518.95
Fibonacci	456.34	465.39	470.98	480.02	489.07	494.66	503.70

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	403.13	432.70	447.77	477.34	492.41	521.98	537.05
Camarilla	450.55	454.65	458.74	462.83	466.92	471.01	475.11
Woodie	395.87	429.08	440.51	473.72	485.15	518.36	529.79
Fibonacci	432.70	449.76	460.29	477.34	494.40	504.93	521.98

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):	52.24
MACD (12,26,9):	-0.6100
Directional Movement:	1.25
AROON (14):	-28.57
DEMA (21):	481.23
Parabolic SAR (0,02-0,02-0,2):	485.78
Elder Ray (13):	0.45
Super Trend (3,10):	477.72
Zig ZAG (10):	482.95
VORTEX (21):	0.9500
Stochastique (14,3,5):	45.05
TEMA (21):	480.89
Williams %R (14):	-44.99
Chande Momentum Oscillator (20):	-0.06
Repulse (5,40,3):	0.0600
ROCnROLL:	1
TRIX (15,9):	-0.0200
Courbe Coppock:	0.81

MA7:	482.38
MA20:	480.92
MA50:	490.25
MA100:	538.48
MAexp7:	481.32
MAexp20:	481.97
MAexp50:	482.67
MAexp100:	482.49
Price / MA7:	-0.12%
Price / MA20:	+0.19%
Price / MA50:	-1.72%
Price / MA100:	-10.52%
Price / MAexp7:	+0.10%
Price / MAexp20:	-0.03%
Price / MAexp50:	-0.18%
Price / MAexp100:	-0.14%

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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