ADBE Technical Analysis - ADOBE INC

Technical Rating and Analysis

Overall ADBE gets a technical rating of 2 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. ADBE was also a bad performer in the overall market in the last year.

When comparing the yearly performance of all stocks, ADBE is a bad performer in the overall market: 89% of all stocks are doing better.

ADBE is part of the Software industry. There are 279 other stocks in this industry, of which 75% are performing better than ADBE.

ADBE is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

In the last month ADBE has a been trading in the 331.50 - 370.86 range, which is quite wide. It is currently trading near the high of this range.

ADBE has an average volume of 4208350 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.

Volume is considerably higher in the last couple of days.

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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 and the volatility has been reduced. There is a resistance zone just above the current price starting at 372.21. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 356.01, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

330.30

481.51

3 important support areas can be observed.

A support zone ranging from 351.21 to 356.01. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A support zone ranging from 340.00 to 341.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @333.64 from a horizontal line in the daily time frame.

3 important resistance areas can be observed.

A resistance zone ranging from 372.21 to 372.87. This zone is formed by a combination of multiple trend lines in the daily time frame.
A resistance zone ranging from 417.13 to 420.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @476.74 from a trend line in the weekly time frame.

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What is Support and Resistance

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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	UP	POSITIVE	The short term trend for ADBE is up.
ChartMill Relative Strength	11.76	NEGATIVE	ADBE has a low relative strength, it was outperformed by 88.24% 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)	58.72	NEUTRAL	The RSI value for ADBE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	2.12	POSITIVE	The MACD value suggests ADBE has a positive trend.
Stochastics (14,3)	88.7	OVERBOUGHT	The high Stochastics value suggests ADBE may be overbought.
Average True Range in percent/ATR (20)	2.87	MEDIUM VOLATILITY	The ATR as a percentage value for ADBE suggests some volalility.
Average Directional Index/ADX (14)	17.81	NEGATIVE	The low ADX value for ADBE suggests a weak or negative trend.