ADOBE INC (ADBE) Stock Technical Analysis
NASDAQ:ADBE - Nasdaq - US00724F1012 - Common Stock - Currency: USD
Taking everything into account, ADBE scores 0 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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, ADBE is a bad performer in the overall market: 91% of all stocks are doing better.
ADBE is one of the lesser performing stocks in the Software industry. 78% of 283 stocks in the same industry do better.
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 332.65 - 376.16 range, which is quite wide. It is currently trading near the lows of this range.
ADBE has an average volume of 3976810 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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
334.88
517.71
We found 1 important support area.
- A support zone ranging from 338.26 to 341.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 369.36 to 373.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 390.22 to 392.11. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @487.89 from a trend line in the weekly time frame.
- Resistance @512.58 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 | 9.31 | NEGATIVE | ADBE has a low relative strength, it was outperformed by 90.69% 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) | 31.58 | NEUTRAL | The RSI value for ADBE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.92 | NEGATIVE | The MACD value suggests ADBE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 17.84 | OVERSOLD | The low Stochastics value suggests ADBE may be oversold. |
| Average True Range in percent/ATR (20) | 2.03 | MEDIUM VOLATILITY | The ATR as a percentage value for ADBE suggests some volalility. |
| Average Directional Index/ADX (14) | 37.56 | POSITIVE | The high ADX value value for ADBE suggests a strong 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)
341.05
+2.78 (+0.82%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg0.82%
1 Week-1.94%
2 Weeks-8.01%
1 Month-6.14%
3 Month-11.02%
6 Month-21.25%
12 Month-36.41%
2 Year-39.03%
3 Year-8.67%
5 Year-33.57%
10 Year334.07%
15 Year1131.23%
Volatility
ATR(14)7.36
ATR(20)%2.03%
ATR Inc51.62%
Range Today5.2
ADR(20)6.72
ADR(20)%1.97%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.31
Mansfield-2.92
10 Day High376.16
10 Day Low332.65
20 Day High376.16
20 Day Low332.65
52 Week High587.75
52 Week Low332.01
CS1 End341.04
CR1 Start369.36
Volume & EV
DER(3)2.11%
DER(5)0.72%
Volume3.51M
Volume Incr33.21%
Vol(5)4.37M
Vol(50)3.98M