Londinia Opportunities Analyses - 06/08/2023 (GMT) ADOBE INC. - 1H

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Type:	Stocks
Ticker:	ADBE
ISIN:

Londinia

I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.

U.S. Stocks
Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

11%

17%

My opinion

Bullish above 431.24 USD

My targets

451.02 USD (+2.78%)

474.20 USD (+8.06%)

My analysis

The bullish trend is currently very strong on ADOBE INC.. As long as the price remains above the support at 431.24 USD, you could try to benefit from the boom. The first bullish objective is located at 451.02 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 474.20 USD as an objective. Crossing it would then enable buyers to target 533.80 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

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.

Additional analysis

Quotes

The ADOBE INC. rating is 438.82 USD. The price registered an increase of +4.90% on the session and was traded between 423.58 USD and 440.63 USD over the period. The price is currently at +3.60% from its lowest and -0.41% from its highest.

423.58

440.63

438.82

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:

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of ADOBE INC. in 1H shows a strongly overall 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 scanner does not detect any result on moving averages that would impact this trend.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near horizontal resistance

Type : Bearish

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:

Bearish engulfing lines

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	384.67	411.02	431.24	438.82	440.38	451.02	533.80
Change (%)	-12.34%	-6.34%	-1.73%	-	+0.36%	+2.78%	+21.64%
Change	-54.15	-27.80	-7.58	-	+1.56	+12.20	+94.98
Level	Major	Minor	Minor	-	Intermediate	Intermediate	Intermediate

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	392.70	405.22	411.77	424.29	430.84	443.36	449.91
Camarilla	413.08	414.82	416.57	418.32	420.07	421.82	423.56
Woodie	389.72	403.73	408.79	422.80	427.86	441.87	446.93
Fibonacci	405.22	412.51	417.01	424.29	431.58	436.08	443.36

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	390.71	400.70	418.54	428.53	446.37	456.36	474.20
Camarilla	428.72	431.27	433.82	436.37	438.92	441.47	444.02
Woodie	394.63	402.66	422.46	430.49	450.29	458.32	478.12
Fibonacci	400.70	411.33	417.90	428.53	439.16	445.73	456.36

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	254.36	293.12	355.46	394.22	456.56	495.32	557.66
Camarilla	389.99	399.26	408.52	417.79	427.06	436.33	445.59
Woodie	266.14	299.02	367.24	400.12	468.34	501.22	569.44
Fibonacci	293.12	331.74	355.60	394.22	432.84	456.70	495.32

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):	63.12
MACD (12,26,9):	1.4400
Directional Movement:	14.94
AROON (14):	21.43
DEMA (21):	432.28
Parabolic SAR (0,02-0,02-0,2):	419.90
Elder Ray (13):	7.86
Super Trend (3,10):	423.61
Zig ZAG (10):	438.54
VORTEX (21):	0.9600
Stochastique (14,3,5):	93.97
TEMA (21):	430.49
Williams %R (14):	-10.39
Chande Momentum Oscillator (20):	5.54
Repulse (5,40,3):	0.9800
ROCnROLL:	1
TRIX (15,9):	0.0100
Courbe Coppock:	1.70

MA7:	429.25
MA20:	389.74
MA50:	377.99
MA100:	367.37
MAexp7:	432.91
MAexp20:	430.47
MAexp50:	423.63
MAexp100:	408.44
Price / MA7:	+2.23%
Price / MA20:	+12.59%
Price / MA50:	+16.09%
Price / MA100:	+19.45%
Price / MAexp7:	+1.37%
Price / MAexp20:	+1.94%
Price / MAexp50:	+3.59%
Price / MAexp100:	+7.44%

Quotes : - 15 min delayed data - Actions NASDAQ

News

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