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 06/14/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

67%

11%

22%

My opinion

Bullish above 509.73 USD

My targets

533.80 USD (+1.68%)

564.64 USD (+7.55%)

My analysis

The bullish trend is currently very strong on ADOBE INC.. As long as the price remains above the support at 509.73 USD, you could try to benefit from the boom. The first bullish objective is located at 533.80 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 564.64 USD as an objective. Crossing it would then enable buyers to target 634.54 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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, 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

7.5

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

ADOBE INC. rating 525.00 USD. The price has increased by +14.44% since the last closing and was traded between 521.88 USD and 534.45 USD over the period. The price is currently at +0.60% from its lowest and -1.77% from its highest.

521.88

534.45

525.00

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

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

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

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

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 strongly bullish trend. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Moving Average bullish crossovers : AMA50 & AMA100

Type : Bullish

Timeframe : 1 hour

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 Moving Average 100

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 100

Type : Bullish

Timeframe : 1 hour

In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is overbought : over 80

Type : Neutral

Timeframe : 1 hour

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 has recently detected several signals:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour

Aroon indicator bullish trend

Type : Bullish

Timeframe : 1 hour

SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : 1 hour

MACD indicator is back over 0

Type : Bullish

Timeframe : 1 hour

Momentum indicator is back over 0

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:

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Long black line

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	471.12	480.45	493.16	525.00	533.80	564.64	634.54
Change (%)	-10.26%	-8.49%	-6.06%	-	+1.68%	+7.55%	+20.86%
Change	-53.88	-44.55	-31.84	-	+8.80	+39.64	+109.54
Level	Intermediate	Minor	Major	-	Major	Minor	Major

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	445.14	449.32	454.03	458.21	462.92	467.10	471.81
Camarilla	456.30	457.11	457.93	458.74	459.56	460.37	461.19
Woodie	445.41	449.45	454.30	458.34	463.19	467.23	472.08
Fibonacci	449.32	452.72	454.81	458.21	461.61	463.70	467.10

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	412.68	424.63	445.03	456.98	477.38	489.33	509.73
Camarilla	456.53	459.50	462.47	465.43	468.40	471.36	474.33
Woodie	416.91	426.74	449.26	459.09	481.61	491.44	513.96
Fibonacci	424.63	436.99	444.62	456.98	469.34	476.97	489.33

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	357.44	395.71	420.23	458.50	483.02	521.29	545.81
Camarilla	427.49	433.25	439.00	444.76	450.52	456.27	462.03
Woodie	350.58	392.27	413.37	455.06	476.16	517.85	538.95
Fibonacci	395.71	419.69	434.51	458.50	482.48	497.30	521.29

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):	84.11
MACD (12,26,9):	4.8600
Directional Movement:	54.36
AROON (14):	42.86
DEMA (21):	471.90
Parabolic SAR (0,02-0,02-0,2):	453.50
Elder Ray (13):	58.44
Super Trend (3,10):	494.48
Zig ZAG (10):	528.01
VORTEX (21):	1.0000
Stochastique (14,3,5):	46.32
TEMA (21):	475.24
Williams %R (14):	-10.85
Chande Momentum Oscillator (20):	56.13
Repulse (5,40,3):	-0.8200
ROCnROLL:	1
TRIX (15,9):	0.0300
Courbe Coppock:	3.11

MA7:	470.03
MA20:	468.77
MA50:	474.89
MA100:	518.58
MAexp7:	488.05
MAexp20:	466.90
MAexp50:	462.93
MAexp100:	463.78
Price / MA7:	+11.69%
Price / MA20:	+12.00%
Price / MA50:	+10.55%
Price / MA100:	+1.24%
Price / MAexp7:	+7.57%
Price / MAexp20:	+12.44%
Price / MAexp50:	+13.41%
Price / MAexp100:	+13.20%

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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Londinia AI

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