We assign a technical rating of 2 out of 10 to ADBE. 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.
The technical rating of ADBE is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
309.27
We found 1 important support area.
- Support @312.39 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 353.52 to 356.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | 19.07 | NEGATIVE | ADBE has a low relative strength, it was outperformed by 80.93% 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) | DOWN | MIXED | The current price of ADBE is above 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) | 58.47 | NEUTRAL | The RSI value for ADBE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 3.28 | POSITIVE | The MACD value suggests ADBE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 76.79 | NEUTRAL | The Stochastics value for ADBE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.93 | MEDIUM VOLATILITY | The ATR as a percentage value for ADBE suggests some volalility. |
| Average Directional Index/ADX (14) | 28.17 | POSITIVE | The high ADX value value for ADBE suggests a strong trend. |
347.89
-3.26 (-0.93%)
ADOBE INC / ADBE FAQ
What is the ChartMill technical rating of ADOBE INC (ADBE) stock?
ChartMill assigns a technical rating of 2 / 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 58.4684. 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 312.39 and a resistance level at 353.52. Check the full technical report for our detailed analysis of ADBE support and resistance levels.