ADOBE INC.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	ADBE
ISIN:

ADOBE INC. - Daily - Technical analysis published on 07/05/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

94%

My opinion

Bullish above 533.80 USD

My targets

584.64 USD (+2.54%)

604.49 USD (+6.02%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ADOBE INC. as long as the price remains well above 533.80 USD. The buyers' bullish objective is set at 584.64 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 604.49 USD. If there is any crossing, the next objective would be the resistance located at 634.76 USD.

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

7.3

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

Additional analysis

Quotes

ADOBE INC. rating 570.15 USD. The price has increased by +0.43% since the last closing with the lowest point at 564.00 USD and the highest point at 571.83 USD. The deviation from the price is +1.09% for the low point and -0.29% for the high point.

564.00

571.83

570.15

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

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

The Central Records scanner for higher/lower results shows an item:

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this ADOBE INC. chart shows a bullish trend. The signals returned by the moving averages are 75.00% bullish. This bullish trend is reinforced 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.

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

CCI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Three white soldiers

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	493.16	533.80	564.60	570.15	584.64	604.49	634.76
Change (%)	-13.50%	-6.38%	-0.97%	-	+2.54%	+6.02%	+11.33%
Change	-76.99	-36.35	-5.55	-	+14.49	+34.34	+64.61
Level	Major	Major	Major	-	Minor	Minor	Major

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	557.66	560.83	565.49	568.66	573.32	576.49	581.15
Camarilla	568.00	568.72	569.43	570.15	570.87	571.59	572.30
Woodie	558.41	561.20	566.24	569.03	574.07	576.86	581.90
Fibonacci	560.83	563.82	565.67	568.66	571.65	573.50	576.49

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	496.12	509.18	532.36	545.42	568.60	581.66	604.84
Camarilla	545.57	548.90	552.22	555.54	558.86	562.18	565.51
Woodie	501.18	511.71	537.42	547.95	573.66	584.19	609.90
Fibonacci	509.18	523.02	531.58	545.42	559.26	567.82	581.66

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	353.35	394.97	475.25	516.87	597.15	638.77	719.05
Camarilla	522.02	533.19	544.37	555.54	566.71	577.89	589.06
Woodie	372.69	404.64	494.59	526.54	616.49	648.44	738.39
Fibonacci	394.97	441.53	470.30	516.87	563.43	592.20	638.77

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):	77.72
MACD (12,26,9):	23.4500
Directional Movement:	29.46
AROON (14):	92.86
DEMA (21):	550.23
Parabolic SAR (0,02-0,02-0,2):	503.76
Elder Ray (13):	31.35
Super Trend (3,10):	527.94
Zig ZAG (10):	570.15
VORTEX (21):	1.1600
Stochastique (14,3,5):	98.46
TEMA (21):	569.14
Williams %R (14):	-1.42
Chande Momentum Oscillator (20):	44.84
Repulse (5,40,3):	4.0800
ROCnROLL:	1
TRIX (15,9):	0.5000
Courbe Coppock:	35.63

MA7:	550.82
MA20:	511.16
MA50:	489.70
MA100:	508.82
MAexp7:	552.95
MAexp20:	523.10
MAexp50:	505.12
MAexp100:	512.40
Price / MA7:	+3.51%
Price / MA20:	+11.54%
Price / MA50:	+16.43%
Price / MA100:	+12.05%
Price / MAexp7:	+3.11%
Price / MAexp20:	+8.99%
Price / MAexp50:	+12.87%
Price / MAexp100:	+11.27%

Quotes : - 15 min delayed data - NASDAQ Stocks

News

The latest news and videos published on ADOBE INC. at the time of the analysis were as follows:

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

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