Adobe should see $530Disclaimer is obviously not knowing Earnings ahead of time, but Adobe looks poised to bounce off the trend line into this butterfly harmonic.
Not financial advice, good luck to all :)
ADBE34 trade ideas
$ADBENASDAQ:ADBE
#ADBE
It appears from the following numbering that we are heading towards rapid increases.
Is AI the New Muse for the Digital Renaissance?In a groundbreaking showcase at Adobe MAX 2024, the creative software giant unveiled its latest innovation: Adobe Firefly AI. This cutting-edge technology promises to revolutionize content creation across various media, from video production to 3D art. The star of the show, Firefly AI Video, demonstrates the potential to generate and manipulate video content with unprecedented ease and accuracy, potentially reshaping the entire landscape of digital creativity.
Adobe's commitment to ethical AI use and copyright protection sets a new standard in the industry, addressing concerns about the responsible implementation of AI in creative fields. By positioning Firefly AI as safe for commercial use, Adobe is paving the way for the widespread adoption of AI-powered tools in professional settings. This approach not only drives innovation but also ensures that creators can embrace new technologies without compromising their integrity or legal standing.
The market's positive response to Adobe's AI push, reflected in a 2.9% stock surge, underscores the transformative potential of these technologies. As Adobe integrates Firefly AI across its Creative Cloud suite and introduces new tools like Neo for 3D art creation, the company is democratizing access to advanced creative capabilities. This shift challenges creators to reimagine their processes and pushes the boundaries of what's possible in digital content creation.
650, BE THEREThis has the upside potential to be 650, before that happens it could dip towards 450 which will be a big buying opportunity. Whether it hits 450 or not, most likely it will test its all-time highs which is 30% upside potential from current price.
Happy Trading!! Not a financial advice.
Adobe May Have Space to the DownsideAdobe has been struggling all year, and some traders may think the software stock has space to the downside.
The first pattern on today’s chart is the series of lower highs since September 13. ADBE dipped below its subsequent low this week, potentially breaking a bearish descending triangle.
Next, the triangle followed a sharp gap lower after guidance disappointed.
Third, the 50-day simple moving average (SMA) is nearing a potential “death cross” below the 200-day SMA. That may suggest its long-term trend is getting more negative.
Finally, MACD has turned downward, and prices have remained below the falling 8-day exponential moving average. Those points may signal bearishness in the shorter term.
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Adobe to 600?NASDAQ:ADBE – After gapping down on +ER I think Adobe is at a nice spot. A pullback was expected although not quite this big. If 530 can hold I think it could start gapping back up to at least 565 by weeks end. On the downside, if 530 breaks then it could head down to next support around 500 which is where I would look for longs again.
Adobe to 600?NASDAQ:ADBE – After gapping down on +ER I think Adobe is at a nice spot. A pullback was expected although not quite this big. If 530 can hold I think it could start gapping back up to at least 565 by weeks end. On the downside, if 530 breaks then it could head down to next support around 500 which is where I would look for longs again.
Adobe (ADBE) Shares Drop Over 8%Adobe (ADBE) Shares Drop Over 8%
On Thursday evening, Adobe Inc. (ADBE) reported its third-quarter financial results:
→ Earnings per share: actual = $4.65, expected = $4.53;
→ Revenue: actual = $5.40 billion, expected = $5.37 billion.
Despite beating analyst estimates, Adobe Inc.'s (ADBE) stock dropped by more than 9% due to a disappointing fourth-quarter forecast, which fell short of market expectations. According to the chart for Adobe Inc. (ADBE), trading on Friday opened with a large bearish gap. By the end of the day, the stock had fallen by more than 8% compared to Thursday's close.
To recap, on 5 June, when the stock price was around $460, we conducted a technical analysis and identified an upward channel (shown in blue), pointing to the potential resumption of a bullish trend.
Since then:
→ The price has risen by approximately 25% to the median line of the channel, which acted as resistance (shown by the blue arrow);
→ The price briefly broke through the psychological level of $500 (shown by the black arrow).
What’s next for Adobe Inc. (ADBE) stock?
It's worth noting that Friday's candle closed above its midpoint, which could be interpreted as a sign that demand forces were present, viewing the price drop as an opportunity to take long positions. Any panic, if there was any, didn’t significantly extend the downward momentum.
Therefore, while the disappointing forecast may continue to weigh on ADBE's stock price, bulls might show renewed activity – potentially around the psychological $500 mark or the lower boundary of the channel.
According to TipRanks, the average price target for ADBE stock is $620 over the next 12 months, indicating a potential upside of 15% from current levels.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
9/13/24 - $adbe - Small swing here at $5309/13/24 :: VROCKSTAR :: NASDAQ:ADBE
Small swing here at $530
- quick comment here
- still a co that has >3.5% cash yields likely to grow double digits
- defn an at risk to AI situation (as are all software- frankly)
- but the beat and only small revision to guide doesn't show me any material deficiencies
- not the cheapest name at over 30x PE (still higher than META and GOOGL which i think have probably better protection to lead on the AI disruption front)
- so i'm keeping it small for now, not wed to it
- mkt wants to be bid into next week's highly telegraphed rates cut - not going to opine on this but to say - i have my positions ( OTC:GDLC , OTC:BITW are core, NASDAQ:NXT and NASDAQ:CELH are large, and a pile of cash with some swings and well hedged lol hello salad bot NYSE:SG again).
- so what we are seeing today is typical degross, reset. the fact it's not down 20% tells me there's lower risk it takes days to sort out.
- let's see. if i owned it, id not touch it
- if you don't need to own it, not a risk to waiting
- i'm just playing a lil bingo on a friday given my light exposure in the book, generally
have a good weekend everyone
V
$ADBE Adobe's GAP on EARNINGS is no big dealIf you use the great EARNINGS indicator here on TradingView you can quickly see how volatile stocks have been on their EARNINGS report looking back many years very quickly and visually by seeing how big the EARNINGS TRIANGLE is.
When we look at NASDAQ:ADBE you can see it gaps a LOT on earnings and has done so the last two quarters as shown with the big green circles I have drawn around the big green triangles and mid-point line which extends out 6 months for reference.
Educate yourself with TradingView EARNINGS TRIANGLES and EARNINGS LINES so you are aware of what is important news and what isn't.
You can also see how important the past earnings levels are for a stock as a reference.
Have a good day.
Tim
10:18AM EST
Adobe Shares (NASDAQ: $ADBE) Plunge on Disappointing OutlookAdobe Inc. (NASDAQ: NASDAQ:ADBE ) shares tumbled more than 9% in extended trading after the company released a disappointing outlook for its fiscal fourth quarter, overshadowing its strong third-quarter performance. Despite reporting better-than-expected earnings and revenue, the lackluster guidance raised concerns among investors about Adobe’s near-term growth prospects.
The San Jose-based software giant, renowned for its Creative Cloud and other digital media services, posted third-quarter revenue of $5.41 billion, marking an 11% increase year-over-year. Earnings per share (EPS) came in at $3.76, exceeding the $3.05 reported in the same quarter last year. However, Adobe’s projection of fourth-quarter revenue between $5.50 billion and $5.55 billion fell short of analysts' estimates. The company also expects diluted EPS of $3.58 to $3.63, lower than Wall Street's anticipated range.
Despite the record net-new annualized recurring revenue (ARR) of $504 million from its Digital Media segment, Adobe’s cautious outlook reflects ongoing concerns about economic uncertainty, high interest rates, and cautious enterprise spending.
Technical Outlook: Key Levels to Watch
Adobe's stock price has been under pressure, reflecting broader market concerns. The shares are currently poised to break down below the lower trendline of an ascending triangle pattern—a bearish signal that could indicate further declines.
Here are the critical technical levels to monitor:
1. $500 Level: This is a crucial support zone that coincides with a psychological round number and aligns with multiple peaks and troughs from June 2023 to August 2024. A breakdown below this level could signal a shift in investor sentiment, paving the way for further declines.
2. $435 Support: A drop to this area could present a buying opportunity as it corresponds with a pre-gap consolidation zone during a significant uptrend observed between May and June 2023. This level also aligns closely with a swing low from May 2024, adding to its significance as a potential support point.
3. $386 Level: The next lower support sits at $386, where the stock could encounter buying interest near several historical peaks that formed from early February to late April last year. A failure to hold this level could set the stage for a deeper correction.
Resistance to Watch
On the upside, the key resistance level to watch is $550. If Adobe shares attempt a countertrend move, they may face selling pressure around this level, which represents a retest of the ascending channel’s lower trendline.
AI Innovations Yet to Prove Lucrative
Adobe has been at the forefront of integrating AI into its suite of products, including popular tools like Photoshop and Illustrator. The company has embedded its proprietary Firefly technology into these applications, aiming to enhance user experience and drive value. However, investors remain skeptical about Adobe's ability to monetize these AI advancements, particularly amid rising competition from nimble startups and rival firms like Salesforce and Workday.
On a recent earnings call, Adobe’s management emphasized their focus on enhancing customer engagement with AI tools rather than directly monetizing them. CEO Shantanu Narayen highlighted the potential for new content types, such as video, to open additional revenue streams in the future. However, the market's appetite for immediate returns and tangible financial impacts from AI innovations remains unfulfilled, contributing to the negative sentiment.
A Potential Shift to Bearish Momentum
Adobe's recent chart activity reveals a troubling pattern, with the stock price sitting at a precarious position just above key support levels. The 50-day moving average recently crossed above the 200-day moving average, forming a golden cross, a traditionally bullish signal. However, the failure to hold above the ascending triangle’s lower trendline suggests that this bullish momentum could be fading.
The stock’s RSI (Relative Strength Index) of 60.95 indicates that while it is not yet in oversold territory, there is ample room for further downside. Should the stock break below the critical $435 support pivot, it may trigger a wave of bearish sentiment, potentially leading to a broader sell-off.
Conclusion
Adobe Inc. (NASDAQ: NASDAQ:ADBE ) faces a challenging landscape as it navigates economic headwinds and investor expectations for its AI-driven future. With critical support levels under threat, the technical picture suggests caution. Investors should remain vigilant, especially with the stock approaching key pivot points that could determine its near-term trajectory. While Adobe’s innovative product suite continues to perform, the market’s immediate focus will likely remain on whether the company can turn its AI ambitions into concrete financial gains, making it a stock to watch closely in the coming months.
Looking for a short swing on ADBE. We are forming a double top.🔉Sound on!🔉
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
1:7 Risk To reward Sell setup For ADBE
This analysis delves into a potential trade setup on the D1 (Daily) timeframe, using Smart Money Concepts. Below is a detailed breakdown:
😇 7 Dimension Analysis
Time Frame: D1 (Daily)
Swing Structure:
The current swing structure is bullish but shows signs of exhaustion. After a swing liquidity sweep and meeting key parameters like inducement, the impulsive swing move was unable to sustain itself above the previous higher high (hH) level.
All Points of Interest (POIs) have been mitigated, and after sweeping the liquidity, the price is likely to close in the Premier zone of the swing, signaling a strong possibility of a sharp sell-off in the coming move.
A "Whale Scoop" entry model is preferred here, with resistance and supply zones also located at these levels. The fake breakout further supports the expectation of a deep correction.
Pattern:
🟢 Chart Patterns:
Reversal pattern: A double top has formed right at the top, alongside a shakeout, indicating a potential reversal.
🟢 Candle Patterns:
The record session ended with a long wick hammer right at the swing level, signaling the probable start of another corrective swing move.
Volume:
🟢 There was no significant volume during the entire impulsive move, which suggests that the move may have been a trap. This, combined with the fake-out trap, confirms the likelihood of an impending sell-off.
Momentum RSI:
🟢 Although the momentum is still in the bullish zone with no range shift yet, a powerful divergence indicates that a substantial amount of bullish momentum is about to be exhausted. Caution is advised before considering any buy positions.
Volatility Bollinger Bands:
🟢 The expansion phase of the Bollinger Bands is likely coming to an end, suggesting that the price might enter a sideways or corrective phase for some time.
Strength ADX:
The ADX still reflects a bullish trend, but given the other indicators, this may be lagging behind the actual price action.
Rating: ⭐⭐⭐ (3 Stars)
Probability: 60%
The trade setup has a moderate probability, indicating a cautious approach with potential for significant reward if the expected correction occurs.
✔️ Entry Time Frame: Daily
✅ Entry TF Structure: Bearish Liquidity Sweep
☑️ POI: Fakeout at swing level
💡 Decision: Initiate a Sell position.
🚀 Entry: 578
✋ Stop Loss: 589
🎯 Take Profit: 483
😊 Risk to Reward Ratio: 1:7
🕛 Expected Duration: 20 days
SUMMARY:
This Daily analysis suggests a counter-trend sell opportunity in a bullish structure showing signs of weakening. The presence of a double top, fake breakout, and lack of volume during the impulsive move all point toward an impending bearish correction. The setup is given a 60% probability rating, reflecting a cautious yet potentially lucrative opportunity. The recommended trade involves selling at 578 with a stop loss at 589 and a take profit at 483, yielding a risk-to-reward ratio of 1:7. The expected duration for this trade is 20 days, and it should be monitored closely for signs of the anticipated sell-off.
Watchlist 9/2/24 PT -2NASDAQ:ADBE - Stock making V shape reversal on daily time frame. Calls above $575 for a move towards $580 with earnings on 12th we can see $600 pre earnings if $580 breaks and holds. Stock is strong on indicator level.
NYSE:LLY - Eli Lilly Launches Discounted Mounjaro And Zepbound amid ongoing shortage. Stock making multiple $960 breaks but failing to hold.. Calls good to add as long as $960 breaks and holds for a move towards $1K. Stock is strong on indicators.
NYSE:GS - Goldman Sachs Expected To Affect 3%-4% Of Workforce With Over 1,300 Jobs Cut; Stock faulting to break and hold $515 level on daily. Looking for calls above that level for a move towards all time highs at $517.23 and higher.
AMEX:IWM - $225 is the level to watch on this ETF. calls above $221 for a move towards that level. If $219 trendline support breaks we can see a move towards downside. ETF in uptrend since breaking $200
NASDAQ:TSLA -Tesla China Sales Surge 17% in August, Reaching 86,697 Vehicles. Stock needs to break and hold $216 for a breakout of trendline to add calls. Next resistance at $230 and higher. Stock is strong on indicator level.
$ADBE looks bullish NASDAQ:ADBE - weekly with a strong close above all its moving averages. a break and close above $560 is needed, then we could see fireworks with a rally to $600 soon.
Adobe : TIME to accumulateHello there,
New Idea, US STOCK.
H&S inverted. Buy between 420-445.
MA RED weekly bounce probably.
If the partern is confirmed : Target 1000 dollars
SAFE ENTER : Break the channel
Looks like it wants 537 and revisit the gap below. Never financial advice. Just offering perspective.
Adobe great buy. Adobe is one of the stocks that hasn't been affected by the huge correction in the stock market in the last two years.
It kept it's daily trend and now it stablished a new uptrend on the 1 hour chart...
Retracmnent is a out to finish and we should see a bullish move after testing.
ADBE - Make or Break ?This is the possible trajectory of ADBE , based on the tech sector/NDX trajectory ADBE follows.
Downside target #1 500
If it doesn’t hold , we can see 380
If it holds and if the tech sector is strong, we can see 660.
Target #1 580
Target #2 660
Watch The Movement Before Earnings, It Will Determine The Move!I am paying close attention to the large volume gap that looks like it is pulling price to it.
I want it to touch that lower level of the gap before earnings and if it does it will ROCKET UP!!!
