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 05/29/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Bearish

Underlying: Strongly bearish

Technical indicators

44%

50%

My opinion

Bearish under 482.79 USD

My targets

471.50 USD (-1.44%)

466.48 USD (-2.49%)

My analysis

The bearish basic trend is very strong on ADOBE INC. but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 482.79 USD. Crossing the first support at 471.50 USD would be a sign of a further potential price plummet. Sellers would then use the next support located at 466.48 USD as an objective. Crossing it would then enable sellers to target 460.36 USD. Caution, a return to above the resistance located at 482.79 USD would be a sign of a possible consolidation phase of the short-term basic trend. 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.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.

Force

3.8

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. rating is 478.40 USD. The price is lower by -0.01% since the last closing and was between 472.60 USD and 482.79 USD. This implies that the price is at +1.23% from its lowest and at -0.91% from its highest.

472.60

482.79

478.40

Here is a more detailed summary of the historical variations registered by ADOBE INC.:

The Central Records scanner for higher/lower results shows the following items:

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this ADOBE INC. chart shows a sharp bearish trend. 85.71% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : 1 hour

An assessment of technical indicators shows a slightly bullish signal.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:

RSI indicator is back under 50

Type : Bearish

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 triangle

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	466.48	471.50	477.23	478.40	482.79	493.16	496.76
Change (%)	-2.49%	-1.44%	-0.24%	-	+0.92%	+3.09%	+3.84%
Change	-11.92	-6.90	-1.17	-	+4.39	+14.76	+18.36
Level	Intermediate	Minor	Major	-	Minor	Intermediate	Intermediate

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	463.39	466.50	472.46	475.57	481.53	484.64	490.60
Camarilla	475.94	476.77	477.60	478.43	479.26	480.09	480.92
Woodie	464.83	467.21	473.90	476.28	482.97	485.35	492.04
Fibonacci	466.50	469.96	472.10	475.57	479.03	481.17	484.64

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	451.21	462.56	468.99	480.34	486.77	498.12	504.55
Camarilla	470.54	472.17	473.80	475.43	477.06	478.69	480.32
Woodie	448.76	461.33	466.54	479.11	484.32	496.89	502.10
Fibonacci	462.56	469.35	473.55	480.34	487.13	491.33	498.12

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):	48.12
MACD (12,26,9):	-0.8700
Directional Movement:	1.74
AROON (14):	-28.57
DEMA (21):	477.04
Parabolic SAR (0,02-0,02-0,2):	471.28
Elder Ray (13):	0.78
Super Trend (3,10):	483.36
Zig ZAG (10):	477.96
VORTEX (21):	0.9000
Stochastique (14,3,5):	66.37
TEMA (21):	477.18
Williams %R (14):	-34.87
Chande Momentum Oscillator (20):	0.49
Repulse (5,40,3):	0.3300
ROCnROLL:	-1
TRIX (15,9):	-0.0500
Courbe Coppock:	1.03

MA7:	480.88
MA20:	482.36
MA50:	485.56
MA100:	534.49
MAexp7:	478.42
MAexp20:	478.42
MAexp50:	480.19
MAexp100:	481.08
Price / MA7:	-0.52%
Price / MA20:	-0.82%
Price / MA50:	-1.47%
Price / MA100:	-10.49%
Price / MAexp7:	+0.00%
Price / MAexp20:	+0.00%
Price / MAexp50:	-0.37%
Price / MAexp100:	-0.56%

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.

About author

Londinia AI

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