ADOBE INC (ADBE) Stock Technical Analysis
NASDAQ:ADBE - US00724F1012 - Common Stock
356.7 USD
+2.74 (+0.77%)
356.33 USD
-0.37 (-0.1%)
Taking everything into account, ADBE scores 1 out of 10 in our technical rating. 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.
92% of all other stocks performed better in the past year than ADBE.
ADBE is part of the Software industry. There are 280 other stocks in this industry, of which 76% are performing better than ADBE.
ADBE is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month ADBE has a been trading in the 330.04 - 364.65 range, which is quite wide. It is currently trading near the high of this range.
ADBE has an average volume of 3699780 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although the technical rating is bad, ADBE does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 357.24. Right above this resistance zone may be a good entry point.
More info and screens
330.30
514.21
2 important support areas can be observed.
- 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.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 357.24 to 367.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @380.91 from a trend line in the daily time frame.
- Resistance @482.31 from a trend line in the weekly time frame.
- Resistance @509.12 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 | 8.13 | NEGATIVE | ADBE has a low relative strength, it was outperformed by 91.87% 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 | 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) | 49.58 | NEUTRAL | The RSI value for ADBE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.67 | POSITIVE | The MACD value suggests ADBE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 74.05 | NEUTRAL | The Stochastics value for ADBE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.31 | MEDIUM VOLATILITY | The ATR as a percentage value for ADBE suggests some volalility. |
| Average Directional Index/ADX (14) | 22.75 | NEUTRAL | The ADX value for ADBE suggests a possible start of a new trend. |
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)
356.7
+2.74 (+0.77%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg0.77%
1 Week-1.49%
2 Weeks0.52%
1 Month2.56%
3 Month-14.07%
6 Month-18.67%
12 Month-37.9%
2 Year-36.23%
3 Year-4.48%
5 Year-30.52%
10 Year353.99%
15 Year1187.73%
Volatility
ATR(14)7.72
ATR(20)%2.31%
ATR Inc-11.49%
Range Today4.8
ADR(20)8.11
ADR(20)%2.27%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.13
Mansfield-2.42
10 Day High364.65
10 Day Low347
20 Day High364.65
20 Day Low330.04
52 Week High587.75
52 Week Low330.04
CS1 End341.04
CR1 Start357.24
Volume & EV
DER(3)1.14%
DER(5)-0.32%
Volume2.64M
Volume Incr-20.27%
Vol(5)3.02M
Vol(50)3.70M