ADOBE INC. - Daily - Technical analysis published on 02/09/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 345.63 USD
My targets
374.01 USD (+2.16%)
391.21 USD (+6.86%)
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 345.63 USD. The buyers” bullish objective is set at 374.01 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 391.21 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
7.9
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 emerick. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ADOBE INC. rating 366.09 USD. The price has increased by -0.37% since the last closing and was between 364.38 USD and 369.34 USD. This implies that the price is at +0.47% from its lowest and at -0.88% from its highest.364.38
369.34
366.09
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ADOBE INC.:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this ADOBE INC. chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase are moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Daily
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 : Daily
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 275.49 | 311.27 | 345.63 | 366.09 |
| Change (%) | -24.75% | -14.97% | -5.59% | - |
| Change | -90.60 | -54.82 | -20.46 | - |
| Level | Major | Major | Intermediate | - |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 358.99 | 361.00 | 364.23 | 366.24 | 369.47 | 371.48 | 374.71 |
| Camarilla | 366.02 | 366.50 | 366.98 | 367.46 | 367.94 | 368.42 | 368.90 |
| Woodie | 359.60 | 361.31 | 364.84 | 366.55 | 370.08 | 371.79 | 375.32 |
| Fibonacci | 361.00 | 363.00 | 364.24 | 366.24 | 368.24 | 369.48 | 371.48 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 325.67 | 333.03 | 342.09 | 349.45 | 358.51 | 365.87 | 374.93 |
| Camarilla | 346.63 | 348.13 | 349.64 | 351.14 | 352.65 | 354.15 | 355.66 |
| Woodie | 326.51 | 333.46 | 342.93 | 349.88 | 359.35 | 366.30 | 375.77 |
| Fibonacci | 333.03 | 339.31 | 343.18 | 349.45 | 355.73 | 359.60 | 365.87 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 305.32 | 316.75 | 333.95 | 345.38 | 362.58 | 374.01 | 391.21 |
| Camarilla | 343.27 | 345.89 | 348.52 | 351.14 | 353.76 | 356.39 | 359.01 |
| Woodie | 308.20 | 318.19 | 336.83 | 346.82 | 365.46 | 375.45 | 394.09 |
| Fibonacci | 316.75 | 327.69 | 334.45 | 345.38 | 356.32 | 363.08 | 374.01 |
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): | 71.01 | |
| MACD (12,26,9): | 9.3400 | |
| Directional Movement: | 25.49 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 365.41 | |
| Parabolic SAR (0,02-0,02-0,2): | 350.56 | |
| Elder Ray (13): | 9.14 | |
| Super Trend (3,10): | 346.96 | |
| Zig ZAG (10): | 366.09 | |
| VORTEX (21): | 1.1700 | |
| Stochastique (14,3,5): | 76.20 | |
| TEMA (21): | 366.24 | |
| Williams %R (14): | -24.61 | |
| Chande Momentum Oscillator (20): | 16.03 | |
| Repulse (5,40,3): | 0.1100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.3800 | |
| Courbe Coppock: | 9.22 |
| MA7: | 361.67 | |
| MA20: | 352.81 | |
| MA50: | 333.13 | |
| MA100: | 306.87 | |
| MAexp7: | 362.29 | |
| MAexp20: | 352.97 | |
| MAexp50: | 335.62 | |
| MAexp100: | 318.37 | |
| Price / MA7: | +1.22% | |
| Price / MA20: | +3.76% | |
| Price / MA50: | +9.89% | |
| Price / MA100: | +19.30% | |
| Price / MAexp7: | +1.05% | |
| Price / MAexp20: | +3.72% | |
| Price / MAexp50: | +9.08% | |
| Price / MAexp100: | +14.99% |
News
The last news published on ADOBE INC. at the time of the generation of this analysis was as follows:
- Investor Advisory: Adobe Announces Webcast of Investor Conference Participation
- Adobe Announces Changes to Executive Leadership Team
- Adobe Appoints Anil Chakravarthy as Executive Vice President and General Manager of Its Digital Experience Business
- Adobe Surpasses $11 Billion in Annual Revenue
- Adobe to Webcast Q4 and FY2019 Earnings Conference Call
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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