ADOBE INC. - 1H - Technical analysis published on 03/26/2020 (GMT)
- Who voted?
- 351
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
67%
11%
22%
My opinion
Bullish above 311.27 USD
My targets
324.27 USD (+2.73%)
335.29 USD (+6.22%)
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 311.27 USD. The buyers” bullish objective is set at 324.27 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 335.29 USD. If there is any crossing, the next objective would be the resistance located at 349.17 USD.
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
5.7
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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ADOBE INC. price is 315.65 USD. The price registered an increase of +3.18% on the session and was between 305.69 USD and 320.11 USD. This implies that the price is at +3.26% from its lowest and at -1.39% from its highest.305.69
320.11
315.65
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of ADOBE INC. in 1H shows an overall bullish trend. The signals returned by the moving averages are 71.43% 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.
An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near support of channel
Type : Bullish
Timeframe : 1 hour
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 261.09 | 279.71 | 311.27 | 315.65 | 324.27 | 335.29 | 349.17 |
| Change (%) | -17.28% | -11.39% | -1.39% | - | +2.73% | +6.22% | +10.62% |
| Change | -54.56 | -35.94 | -4.38 | - | +8.62 | +19.64 | +33.52 |
| Level | Major | Major | Major | - | Intermediate | Minor | Minor |
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 | 277.29 | 287.71 | 296.81 | 307.23 | 316.33 | 326.75 | 335.85 |
| Camarilla | 300.54 | 302.33 | 304.12 | 305.91 | 307.70 | 309.49 | 311.28 |
| Woodie | 276.63 | 287.38 | 296.15 | 306.90 | 315.67 | 326.42 | 335.19 |
| Fibonacci | 287.71 | 295.17 | 299.77 | 307.23 | 314.69 | 319.29 | 326.75 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 189.05 | 222.09 | 258.71 | 291.76 | 328.38 | 361.43 | 398.05 |
| Camarilla | 276.18 | 282.57 | 288.95 | 295.34 | 301.73 | 308.11 | 314.50 |
| Woodie | 190.84 | 222.98 | 260.51 | 292.65 | 330.18 | 362.32 | 399.84 |
| Fibonacci | 222.09 | 248.70 | 265.14 | 291.76 | 318.37 | 334.81 | 361.43 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 254.42 | 289.21 | 317.17 | 351.96 | 379.91 | 414.70 | 442.66 |
| Camarilla | 327.87 | 333.62 | 339.37 | 345.12 | 350.87 | 356.62 | 362.38 |
| Woodie | 251.00 | 287.50 | 313.75 | 350.25 | 376.49 | 412.99 | 439.24 |
| Fibonacci | 289.21 | 313.18 | 327.99 | 351.96 | 375.92 | 390.73 | 414.70 |
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): | 54.38 | |
| MACD (12,26,9): | 2.7300 | |
| Directional Movement: | 0.95 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 314.97 | |
| Parabolic SAR (0,02-0,02-0,2): | 299.73 | |
| Elder Ray (13): | 4.35 | |
| Super Trend (3,10): | 294.32 | |
| Zig ZAG (10): | 315.85 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 86.15 | |
| TEMA (21): | 315.94 | |
| Williams %R (14): | -18.33 | |
| Chande Momentum Oscillator (20): | 5.74 | |
| Repulse (5,40,3): | -0.2300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1000 | |
| Courbe Coppock: | 2.78 |
| MA7: | 305.20 | |
| MA20: | 320.67 | |
| MA50: | 344.31 | |
| MA100: | 328.30 | |
| MAexp7: | 314.70 | |
| MAexp20: | 311.48 | |
| MAexp50: | 308.88 | |
| MAexp100: | 313.70 | |
| Price / MA7: | +3.42% | |
| Price / MA20: | -1.57% | |
| Price / MA50: | -8.32% | |
| Price / MA100: | -3.85% | |
| Price / MAexp7: | +0.30% | |
| Price / MAexp20: | +1.34% | |
| Price / MAexp50: | +2.19% | |
| Price / MAexp100: | +0.62% |
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:
- Adobe Reports Record Revenue
- Adobe to Webcast Q1 FY2020 Earnings Conference Call
- 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
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis ADOBE INC. - 1H