ADBE Technical Analysis - ADOBE INC

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to ADBE. ADBE's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

87% of all other stocks performed better in the past year than ADBE.

ADBE is part of the Software industry. There are 282 other stocks in this industry, of which 70% are performing better than ADBE.

ADBE is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

In the last month ADBE has a been trading in the 336.94 - 370.86 range, which is quite wide. It is currently trading near the lows of this range.

ADBE has an average volume of 4564590 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

ADBE has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

330.30

475.87

We found 1 important support area.

A support zone ranging from 333.64 to 337.50. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 4 important resistance areas.

Resistance @340.00 from a horizontal line in the daily time frame.
A resistance zone ranging from 348.63 to 357.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 362.90 to 372.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @471.16 from a trend line in the weekly time frame.

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	DOWN	NEGATIVE	The long term trend for ADBE is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for ADBE is down.
ChartMill Relative Strength	13.31	NEGATIVE	ADBE has a low relative strength, it was outperformed by 86.69% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of ADBE is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of ADBE is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of ADBE is below a declining SMA(200).
Relative Strength Index/RSI (14)	37.51	NEUTRAL	The RSI value for ADBE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-1.48	NEGATIVE	The MACD value suggests ADBE has a negative trend.
Stochastics (14,3)	18.83	OVERSOLD	The low Stochastics value suggests ADBE may be oversold.
Average True Range in percent/ATR (20)	2.77	MEDIUM VOLATILITY	The ATR as a percentage value for ADBE suggests some volalility.
Average Directional Index/ADX (14)	13.75	NEGATIVE	The low ADX value for ADBE suggests a weak or negative trend.