Taking everything into account, ADBE scores 4 out of 10 in our technical rating. In the past year, ADBE was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
ADBE has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 354.20, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
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2 important support areas can be observed.
- A support zone ranging from 344.61 to 354.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @312.39 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- Resistance @356.44 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 363.21 to 372.87. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @452.57 from a trend line in the weekly time frame.
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 | UP | POSITIVE | The short term trend for ADBE is up. |
| ChartMill Relative Strength | 21.1 | NEGATIVE | ADBE has a low relative strength, it was outperformed by 78.9% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ADBE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ADBE is above the rising 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) | 63.24 | NEUTRAL | The RSI value for ADBE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 2.65 | POSITIVE | The MACD value suggests ADBE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.19 | OVERBOUGHT | The high Stochastics value suggests ADBE may be overbought. |
| Average True Range in percent/ATR (20) | 2.82 | MEDIUM VOLATILITY | The ATR as a percentage value for ADBE suggests some volalility. |
| Average Directional Index/ADX (14) | 30.04 | POSITIVE | The high ADX value value for ADBE suggests a strong trend. |
355.86
+0.05 (+0.01%)
ADOBE INC / ADBE FAQ
What is the ChartMill technical rating of ADOBE INC (ADBE) stock?
ChartMill assigns a technical rating of 4 / 10 to ADBE.
Can you provide the trend direction for ADOBE INC?
The current trend direction for ADOBE INC (ADBE) is Bearish.
What is the RSI signal for ADBE stock?
ADOBE INC (ADBE) has an RSI value of 63.2375. This indicates that the stock is currently neutral.
What is the short term momentum for ADOBE INC (ADBE) stock?
The short term momentum for ADOBE INC (ADBE) is positive.
What are the support and resistance levels for ADOBE INC (ADBE) stock?
ADOBE INC (ADBE) has a support level at 354.2 and a resistance level at 356.44. Check the full technical report for our detailed analysis of ADBE support and resistance levels.