296.12 USD
-7.97 (-2.62%)
296.6 USD
+0.48 (+0.16%)
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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 87% of all other stocks performed better in the past year than ADBE.
- ADBE is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
- In the last month ADBE has a been trading in the 295.42 - 359.67 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- ADBE has an average volume of 4127150 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- ADBE is part of the Software industry. There are 276 other stocks in this industry, ADBE did better than 46% of them.
The technical rating of ADBE is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
293.16
366.84
We can see 3 important resistance areas.
- A resistance zone ranging from 333.96 to 344.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @350.37 from a trend line in the daily time frame.
- Resistance @363.21 from a horizontal line in the daily 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 | 13.74 | NEGATIVE | ADBE has a low relative strength, it was outperformed by 86.26% 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) | 22.35 | OVERSOLD | The low RSI value suggests ADBE may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -5.61 | NEGATIVE | The MACD value suggests ADBE has a negative trend. |
| Stochastics (14,3) | 3.21 | OVERSOLD | The low Stochastics value suggests ADBE may be oversold. |
| Average True Range in percent/ATR (20) | 2.73 | MEDIUM VOLATILITY | The ATR as a percentage value for ADBE suggests some volalility. |
| Average Directional Index/ADX (14) | 31.21 | 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)
296.12
-7.97 (-2.62%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-2.62%
1 Week-11.33%
2 Weeks-11.16%
1 Month-16.51%
3 Month-11.14%
6 Month-19.05%
12 Month-31.13%
2 Year-52.07%
3 Year-20.04%
5 Year-35.45%
10 Year232.23%
15 Year795.98%
Volatility
ATR(14)9.1
ATR(20)%2.73%
ATR Inc-19.76%
Range Today9.46
ADR(20)7.53
ADR(20)%2.54%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13.74
3 months CRS19.24
6 months CRS15.52
Mansfield-2.88
10 Day High343.95
10 Day Low295.42
20 Day High359.67
20 Day Low295.42
52 Week High465.7
52 Week Low295.42
CS1 EndN/A
CR1 Start333.96
Volume & EV
DER(3)-1.67%
DER(5)-2.93%
Volume8.53M
Volume Incr47.33%
Vol(5)5.96M
Vol(50)4.13M
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.
What is the current trend direction of ADOBE INC (ADBE) stock?
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 22.3505. This indicates that the stock is currently oversold.
Can you provide the MACD signal for ADOBE INC?
The MACD indicator for ADOBE INC (ADBE) has a value of -5.60587, indicating a bearish trend.
What is the short term momentum for ADOBE INC (ADBE) stock?
The short term momentum for ADOBE INC (ADBE) is negative.