ADOBE INC (ADBE) Technical Analysis
NASDAQ:ADBE • US00724F1012
Current stock price
234.84 USD
-6.04 (-2.51%)
At close:
235.5 USD
+0.66 (+0.28%)
Pre-Market:
ADBE Technical Rating and Analysis
Overall ADBE gets a technical rating of 0 out of 10. 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.
- 91% of all other stocks performed better in the past year than ADBE.
- ADBE is currently making a new 52 week low. This is a very bad signal. The S&P500 Index is trading in the upper part of its 52 week range, so ADBE is lagging the market.
- In the last month ADBE has a been trading in the 233.16 - 285.36 range, which is quite wide. It is currently trading near the lows of this range.
- ADBE has an average volume of 6246270 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- ADBE is an average performer in the Software industry, it outperforms 42% of 275 stocks in the same industry.
ADBE Weekly and Daily overview Charts
ADBE Setup Rating and Analysis
ADBE has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
ADBE Support and Resistance Analysis
232.49
366.84
We can see 5 important resistance areas.
- A resistance zone ranging from 258.32 to 261.45. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 269.18 to 275.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @320.25 from a trend line in the weekly time frame.
- Resistance @344.59 from a trend line in the weekly time frame.
- Resistance @363.21 from a horizontal line in the daily time frame.
ADBE 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 | 9.8 | NEGATIVE | ADBE has a low relative strength, it was outperformed by 90.2% 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) | 31 | NEUTRAL | The RSI value for ADBE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.62 | NEGATIVE | The MACD value suggests ADBE has a negative trend. |
| Stochastics (14,3) | 7.98 | OVERSOLD | The low Stochastics value suggests ADBE may be oversold. |
| Average True Range in percent/ATR (20) | 4.11 | MEDIUM VOLATILITY | The ATR as a percentage value for ADBE suggests some volalility. |
| Average Directional Index/ADX (14) | 36.7 | POSITIVE | The high ADX value value for ADBE suggests a strong trend. |
ADBE Chart- and CandleStick Pattern Analysis
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
ADBE Technicals: Chart, Performance Metrics, Trend & Indicators
234.84
-6.04 (-2.51%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-2.51%
1 Week-5.36%
2 Weeks-5.81%
1 Month-10.51%
3 Month-33.62%
6 Month-34.83%
12 Month-39.11%
2 Year-53.46%
3 Year-39.06%
5 Year-50.6%
10 Year150.36%
15 Year608.2%
Volatility
ATR(14)9.97
ATR(20)%4.11%
ATR Inc-11.28%
Range Today6.63
ADR(20)8.75
ADR(20)%3.72%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.8
3 months CRS11.05
6 months CRS15.95
Mansfield-3.11
10 Day High258.91
10 Day Low233.16
20 Day High285.36
20 Day Low233.16
52 Week High422.95
52 Week Low233.16
CS1 EndN/A
CR1 Start258.32
Volume & EV
DER(3)-0.06%
DER(5)0.18%
Volume4.43M
Volume Incr-27.22%
Vol(5)4.99M
Vol(50)6.25M
ADOBE INC / ADBE TA FAQ
What is the ChartMill technical rating of ADOBE INC (ADBE) stock?
ChartMill assigns a technical rating of 0 / 10 to ADBE.
What is the current trend direction of ADOBE INC (ADBE) stock?
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 30.998. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ADOBE INC?
The MACD indicator for ADOBE INC (ADBE) has a value of -1.6165, indicating a bearish trend.
What is the short term momentum for ADOBE INC (ADBE) stock?
The short term momentum for ADOBE INC (ADBE) is negative.