ADOBE INC. - Daily - Technical analysis published on 08/01/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
39%
22%
39%
My opinion
Bullish above 533.80 USD
My targets
578.61 USD (+4.89%)
604.49 USD (+9.58%)
My analysis
A bullish trend on ADOBE INC. both in substance and in the short term. A purchase could be considered as long as the price remains above 533.80 USD. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 578.61 USD. Then the price could move towards 604.49 USD. Then 634.76 USD by extension. Be careful, a return below 533.80 USD would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
3.8
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 pitiantuta. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ADOBE INC. rating 551.65 USD. On the day, this instrument gained +2.40% and was between 543.77 USD and 555.55 USD. This implies that the price is at +1.45% from its lowest and at -0.70% from its highest.543.77
555.55
551.65
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:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of ADOBE INC. indicates that the overall trend is bullish. 71.43% of the signals given by moving averages are bullish. This bullish trend shows slight signs of slowing down given the slightly bullish signals given by the short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 7 are bullish, 7 are neutral and 4 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal support
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 463.56 | 492.97 | 533.80 | 551.65 | 578.61 | 604.49 | 634.76 |
| Change (%) | -15.97% | -10.64% | -3.24% | - | +4.89% | +9.58% | +15.07% |
| Change | -88.09 | -58.68 | -17.85 | - | +26.96 | +52.84 | +83.11 |
| Level | Minor | Intermediate | 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 | 533.32 | 538.54 | 545.10 | 550.32 | 556.88 | 562.10 | 568.66 |
| Camarilla | 548.41 | 549.49 | 550.57 | 551.65 | 552.73 | 553.81 | 554.89 |
| Woodie | 533.98 | 538.88 | 545.76 | 550.66 | 557.54 | 562.44 | 569.32 |
| Fibonacci | 538.54 | 543.04 | 545.82 | 550.32 | 554.82 | 557.60 | 562.10 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 494.02 | 510.81 | 526.62 | 543.41 | 559.22 | 576.01 | 591.82 |
| Camarilla | 533.48 | 536.46 | 539.45 | 542.44 | 545.43 | 548.42 | 551.41 |
| Woodie | 493.54 | 510.57 | 526.14 | 543.17 | 558.74 | 575.77 | 591.34 |
| Fibonacci | 510.81 | 523.26 | 530.95 | 543.41 | 555.86 | 563.55 | 576.01 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 55.81 | |
| MACD (12,26,9): | 3.8800 | |
| Directional Movement: | 1.53 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 553.34 | |
| Parabolic SAR (0,02-0,02-0,2): | 555.57 | |
| Elder Ray (13): | 3.54 | |
| Super Trend (3,10): | 571.33 | |
| Zig ZAG (10): | 551.65 | |
| VORTEX (21): | 0.9200 | |
| Stochastique (14,3,5): | 33.77 | |
| TEMA (21): | 545.06 | |
| Williams %R (14): | -43.40 | |
| Chande Momentum Oscillator (20): | -14.06 | |
| Repulse (5,40,3): | -0.3200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2500 | |
| Courbe Coppock: | 8.38 |
| MA7: | 539.80 | |
| MA20: | 555.39 | |
| MA50: | 518.08 | |
| MA100: | 506.58 | |
| MAexp7: | 543.98 | |
| MAexp20: | 545.03 | |
| MAexp50: | 530.15 | |
| MAexp100: | 525.13 | |
| Price / MA7: | +2.20% | |
| Price / MA20: | -0.67% | |
| Price / MA50: | +6.48% | |
| Price / MA100: | +8.90% | |
| Price / MAexp7: | +1.41% | |
| Price / MAexp20: | +1.21% | |
| Price / MAexp50: | +4.06% | |
| Price / MAexp100: | +5.05% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The last news published on ADOBE INC. at the time of the generation of this analysis was as follows:
- Readymag Nominated for the Webby Awards Alongside Adobe and Vimeo as the Best Digital Tool for Creative Production
- Adobe Announces Generative AI Solutions to Jumpstart Content Supply Chain for Enterprises
- Oshyn Introduces Reliability Report at Adobe Summit
-
Look ahead: US producer prices; retail sales; Adobe; Dollar General
- Thinking about trading options or stock in Tesla, Coinbase Global, Adobe, Crowdstrike, or Meta Platforms?
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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