NASDAQ:ADBE • US00724F1012
Overall ADBE gets a technical rating of 0 out of 10. ADBE scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, ADBE does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced.
256.62
When analyzing the resistance we notice 4 important areas.
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 | 10.35 | NEGATIVE | ADBE has a low relative strength, it was outperformed by 89.65% 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) | 29.39 | OVERSOLD | The low RSI value suggests ADBE may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests ADBE has a positive trend. |
| Stochastics (14,3) | 19.84 | OVERSOLD | The low Stochastics value suggests ADBE may be oversold. |
| Average True Range in percent/ATR (20) | 3.81 | MEDIUM VOLATILITY | The ATR as a percentage value for ADBE suggests some volalility. |
| Average Directional Index/ADX (14) | 48 | POSITIVE | The high ADX value value for ADBE suggests a strong trend. |
259.21
-3.96 (-1.5%)
ChartMill assigns a technical rating of 0 / 10 to ADBE.
The current trend direction for ADOBE INC (ADBE) is Bearish.
ADOBE INC (ADBE) has an RSI value of 29.3934. This indicates that the stock is currently oversold.
The MACD indicator for ADOBE INC (ADBE) has a value of 0.130116, indicating a bearish trend.
The short term momentum for ADOBE INC (ADBE) is negative.