ADOBE INC (ADBE) Stock Technical Analysis
NASDAQ:ADBE - Nasdaq - US00724F1012 - Common Stock - Currency: USD
Taking everything into account, ADBE scores 2 out of 10 in our technical rating. 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.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, ADBE is a bad performer in the overall market: 81% of all stocks are doing better.
ADBE is one of the lesser performing stocks in the Software industry. 63% of 284 stocks in the same industry do better.
ADBE is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ADBE is lagging the market.
In the last month ADBE has a been trading in the 383.75 - 422.95 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 3583610 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. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
336.59
527.03
We found 1 important support area.
- Support @339.99 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 411.24 to 420.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @502.76 from a trend line in the weekly time frame.
- Resistance @521.81 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 | NEUTRAL | NEUTRAL | The short term trend for ADBE is neutral. |
| ChartMill Relative Strength | 19.68 | NEGATIVE | ADBE has a low relative strength, it was outperformed by 80.32% 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) | UP | POSITIVE | The current price of ADBE is above the rising 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) | 39.31 | NEUTRAL | The RSI value for ADBE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.71 | NEGATIVE | The MACD value suggests ADBE has a negative trend. |
| Stochastics (14,3) | 51.53 | NEUTRAL | The Stochastics value for ADBE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.23 | MEDIUM VOLATILITY | The ATR as a percentage value for ADBE suggests some volalility. |
| Average Directional Index/ADX (14) | 26.34 | 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)
391.68
-22 (-5.32%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-5.32%
1 Week-6.05%
2 Weeks-5.64%
1 Month-3.21%
3 Month-0.78%
6 Month-15.89%
12 Month-25.44%
2 Year-19.9%
3 Year7%
5 Year-10.02%
10 Year383.5%
15 Year1381.95%
Volatility
ATR(14)8.59
ATR(20)%2.23%
ATR Inc155.63%
Range Today16.1
ADR(20)7
ADR(20)%1.79%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS19.68
Mansfield-2
10 Day High421.48
10 Day Low383.75
20 Day High422.95
20 Day Low383.75
52 Week High587.75
52 Week Low332.01
CS1 End339.99
CR1 Start411.24
Volume & EV
DER(3)-0.15%
DER(5)-0.03%
Volume10.63M
Volume Incr90.93%
Vol(5)5.20M
Vol(50)3.58M