ADOBE INC (ADBE) Stock Technical Analysis
USA - NASDAQ:ADBE - US00724F1012 - Common Stock
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.
ADBE has a poor technical rating and the quality of the setup is also only medium 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
325.93
We found 1 important support area.
- A support zone ranging from 329.22 to 333.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 344.92 to 351.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 358.12 to 372.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @465.58 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 | DOWN | NEGATIVE | The short term trend for ADBE is down. |
| ChartMill Relative Strength | 14.01 | NEGATIVE | ADBE has a low relative strength, it was outperformed by 85.99% 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) | 44.29 | NEUTRAL | The RSI value for ADBE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests ADBE has a negative trend. |
| Stochastics (14,3) | 32.15 | NEUTRAL | The Stochastics value for ADBE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.62 | MEDIUM VOLATILITY | The ATR as a percentage value for ADBE suggests some volalility. |
| Average Directional Index/ADX (14) | 16.7 | NEGATIVE | The low ADX value for ADBE suggests a weak or negative trend. |
340.31
+1.07 (+0.32%)
ADOBE INC / ADBE FAQ
What is the ChartMill technical rating of ADOBE INC (ADBE) stock?
ChartMill assigns a technical rating of 0 / 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 44.2857. 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 negative.
What are the support and resistance levels for ADOBE INC (ADBE) stock?
ADOBE INC (ADBE) has a support level at 333.65 and a resistance level at 344.92. Check the full technical report for our detailed analysis of ADBE support and resistance levels.