ADOBE INC (ADBE) Stock Technical Analysis
NASDAQ:ADBE - Nasdaq - US00724F1012 - Common Stock - Currency: USD
Taking everything into account, ADBE scores 1 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.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, ADBE is a bad performer in the overall market: 83% of all stocks are doing better.
ADBE is part of the Software industry. There are 284 other stocks in this industry, of which 69% are performing better than ADBE.
ADBE is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
ADBE has an average volume of 4288810 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month ADBE has a been trading in the 430.12 - 465.70 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. Prices have been consolidating lately. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
401.85
537.84
We found 1 important support area.
- A support zone ranging from 405.91 to 410.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 445.93 to 464.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 524.97 to 532.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17.12
Mansfield-1.76
10 Day High465.7
10 Day Low432.41
20 Day High465.7
20 Day Low430.12
52 Week High587.75
52 Week Low403.75
Performance
1 Week-3.24%
2 Weeks2.05%
1 Month1.61%
3 Month-13.24%
6 Month-20.42%
12 Month-19.72%
2 Year37.16%
3 Year-4.99%
5 Year28.74%
10 Year461.72%
15 Year1182.31%
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)1.28
RSI(14)46.81
LBB428.35
UBB471.24
444.32
-10.37 (-2.28%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-2.28%
1 Week-3.24%
2 Weeks2.05%
1 Month1.61%
3 Month-13.24%
6 Month-20.42%
12 Month-19.72%
2 Year37.16%
3 Year-4.99%
5 Year28.74%
10 Year461.72%
15 Year1182.31%
Volatility
ATR(14)10.6
ATR(20)%2.37%
ATR Inc12.8%
Range Today13.06
ADR(20)10.18
ADR(20)%2.29%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17.12
Mansfield-1.76
10 Day High465.7
10 Day Low432.41
20 Day High465.7
20 Day Low430.12
52 Week High587.75
52 Week Low403.75
CS1 End410.78
CR1 Start445.93
Volume & EV
DER(3)-0.17%
DER(5)0.69%
Volume3.37M
Volume Incr-18.23%
Vol(5)2.85M
Vol(50)4.29M