ADOBE INC (ADBE)
US00724F1012 - Common Stock
We assign a technical rating of 2 out of 10 to ADBE. ADBE has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
ADBE has an average volume of 3640140 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, ADBE turns out to be only a medium performer in the overall market: it outperformed 59% of all stocks.
ADBE is an average performer in the Software industry, it outperforms 62% of 277 stocks in the same industry.
ADBE is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ADBE is lagging the market.
In the last month ADBE has a been trading in the 460.36 - 496.75 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, ADBE does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
430.89
629.55
When analyzing the support we can see 3 important areas.
- A support zone ranging from 475.60 to 479.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 462.82 to 465.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @435.24 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 484.96 to 495.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @623.32 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS59.3
Mansfield-2.07
10 Day High496.76
10 Day Low466.48
20 Day High496.76
20 Day Low460.36
52 Week High638.25
52 Week Low361.72
Performance
1 Week0.24%
2 Weeks-0.57%
1 Month3.96%
3 Month-11.57%
6 Month-19.78%
12 Month30.22%
2 Year16.08%
3 Year-4.19%
5 Year78.45%
10 Year649.04%
15 Year1615.51%
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)
Technical Indicators
MACD(12,26,9)1.96
RSI(14)48.66
LBB465.7
UBB497.81
ADOBE INC
NASDAQ:ADBE (5/17/2024, 7:00:00 PM)
After market: 483.22 -0.21 (-0.04%)483.43
+0.55 (+0.11%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg0.11%
1 Week0.24%
2 Weeks-0.57%
1 Month3.96%
3 Month-11.57%
6 Month-19.78%
12 Month30.22%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)10.13
ATR(20)%2.06%
ATR Inc
Range Today4.36
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High496.76
10 Day Low466.48
20 Day High496.76
20 Day Low460.36
52 Week High638.25
52 Week Low361.72
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume2.26M
Volume Incr17.15%
Vol(5)3.01M
Vol(50)3.64M