ADBE34 trade ideas
📈💼 Adobe (ADBE) Analysis 🖥️🚀Revenue Evolution:
Adobe's NASDAQ:ADBE transition to subscription-based revenue has been a key driver of its growth and profitability, with subscriptions dominating recent sales. This adaptability has been crucial during the pandemic and subsequent rebound, showcasing its resilience and ability to capitalize on emerging trends like AI.
Market Sentiment and Correction:
A correction in Adobe's stock price in 2024, influenced by the AI bubble and profit-taking, reflects market sentiment. Analysts suggest this correction may have been an overreaction, potentially leading to overselling. Despite adjustments to price targets, significant upside potential is still anticipated, with consensus targets implying a 30% increase from current levels.
Long-Term Outlook:
Considering global industry trends, including the receding AI bubble, Adobe's diversified portfolio and ongoing innovation in digital content creation position it favorably for sustained growth.
📊💡 Stay informed about industry trends and monitor Adobe's performance for investment decisions! #Adobe #StockAnalysis 📉📈
2 Tech Stocks With Huge Potential UpsideHey guys! Today we're taking a look at two tech stocks that we think have pretty substantial upside over the medium term as they continue to grow, churn out profits, and earn multiple expansion in the market.
Cheers!
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ADOBE (ADBE)NASDAQ:ADBE is in my watchlist. Its revenue, net income, and cash flow have experienced double-digit annual growth over the past 5 and 10 years.
They have more cash than debt and buy back their shares
Even though they don't pay dividends, their high performance compensates for me.
$ADBE is trading at important Fib-level and strong fundamentalsNASDAQ:ADBE has recent pulled back to the levels where it becomes a buy and strong buy. Fundamentally the stock is valued at 650-700 levels, hence the majority of analysts median is at 640-650.
Technical analysis shows that we are at important fib-level with 475 being a strong support level.
We may observe a rapid upside by next earnings, which was the case in previous 30-45 days pre-earning period.
$ADBE - Getting close to the first support area.NASDAQ:ADBE Adobe is getting close to $456 stated in March 15 post. Why do I think $456 could provide strong support? It's because it is the convergence area of two VWAPs and the 50% golden fib retracement zone.
Can it overshoot and fill the gap around $440? Possible.
Adobe - Pretty clear trading setup!Hello Traders and Investors, in this video I will take a quick look at Adobe.
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Explanation of my video analysis:
Back in 2012 we saw a major symmerical triangle breakout on Adobe stock which was followed by an unbelievable rally of +2.000% towards the upside. Over the past 6 years, Adobe stock has once again formed a triangle formation and just rejected the upper resistance level. If Adobe stock retest the next horizontal support towards the downside, we could already see a bullish reversal there.
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Keep your long term vision,
Philip (BasicTrading)
ADBE AscendsIf you’re not familiar with Fibonacci, familiarize yourself. Right now, we have price holding the .618 or if you’re a technical analysis aficionado, we have right shoulder forming on the inverse head and shoulders. I’m looking for a break out of the downtrend and a larger move up.
Adobe Explores OpenAI Partnership to Aid Video Editing ToolsAdobe ( NASDAQ:ADBE ), the software giant known for its innovative tools in creative content production, is delving deeper into the realm of artificial intelligence (AI) to enhance its renowned Premiere Pro video editing software. In a strategic move, Adobe ( NASDAQ:ADBE ) is exploring a potential partnership with OpenAI and other third-party AI developers to integrate generative AI tools directly into Premiere Pro.
This development marks a significant step forward for Adobe ( NASDAQ:ADBE ) as it seeks to empower video editors with AI-based features that streamline complex tasks and enhance creative possibilities. Among the planned AI-based features are the ability to seamlessly fill in parts of a scene with AI-generated objects and remove distractions without manual intervention, revolutionizing the video editing process.
At the heart of Adobe's AI endeavors lies Firefly, a powerful AI model already deployed in Adobe Photoshop for editing still images. By extending Firefly's capabilities to Premiere Pro and exploring partnerships with leading AI developers like OpenAI, Adobe ( NASDAQ:ADBE ) aims to bolster its position as an industry leader in AI-driven creative tools.
However, Adobe's decision to embrace third-party AI tools also raises questions about revenue sharing and ethical considerations. While Adobe ( NASDAQ:ADBE ) is committed to upholding ethical AI practices and ensuring user safety, the integration of third-party AI models introduces complexities regarding revenue sharing and accountability.
Despite these challenges, Adobe ( NASDAQ:ADBE ) remains steadfast in its commitment to providing users with innovative AI-driven solutions while maintaining transparency and ethical standards. With the potential for expanded choice and functionality through third-party AI models, Adobe users can expect a new era of creativity and efficiency in video editing.
Technical Outlook
Adobe Inc. stock ( NASDAQ:ADBE ) has a weak Relative Strength Index (RSI) of 28.73. However, the Monthly price chart of the stock shows an inverted hammer forming at the close of last week's trading session.
ADBE at Volume Profile NodeThis morning NASDAQ:ADBE triggered a Spike Alert on the opening 30 minute bar. I double checked this signal against Volume Profile.
On the weekly there is a major Volume Profile node at 480 considering the bullish trend from September 2022 to January 2024. The spike this morning touches this level and have moved off with a significant Spike:
The Spike allows me to start a trade on the 30 minute timeframe with low risk and a 3:1 Reward/Risk ratio with the intent to play the higher timeframe Weekly move as a major pullback.
If we increase the time considered the Volume Profile node becomes even more significant as the POC (Point of Control) for the price action going all the way back to COVID low.
ADBE BullI am bullish Adbe here, it is on bullish zone and I guess soon will touch to 550 my price target 550
ADBE potential buy setupReasons for bullish bias:
- Price bounced from support
- Gap down after positive earnings most likely would be filled
- Bullish divergence
Here are the recommended trading levels:
Entry Level(CMP): 521.19
Stop Loss Level: 481.40
Take Profit Level 1: 560.98
Take Profit Level 2: Open
ADBE BREAKOUT $900 PTADBE is not only sitting close to a yearly low, but also has formed a MASSIVE cup and handle on both the daily, and monthly chart!
RSI is oversold below 40.
Looking for a breakout from the handle.
PT is over $900 for September/October 2025.
This is not financial advice. Just my interpretation of the chart pattern and fundamentals.
ADBE COLLAR Stock is in a nice uptrend. Good strong pull back on nice earnings. BUY LOW< SELL high, at / around the 200 sma on a weekly. Buying pp and selling CC to create a net credit and loss of $3 WORST case and making $45 best case :-)
Ready flyStrong support after pullback strong dayli wekly rsi dont miss out
pt 520 545 short
560 565 long
ADBE will give you a Christmas gift this yearIgnore the chart. It's incredibly distorted, maybe the time frame is too much for TradingView. I might try and upload an undistorted version in the comments below. Anyway.
I thought ADBE might have a breakout soon so I spent a couple hours this morning making this chart. Conclusion: Holders of ADBE will get a Christmas present this year. ADBE will try to match its previous high in 2021 by the end of the year.
So many stocks. So little capital. 😊
Happy trading.
ADBE Adobe Options Ahead of EarningsIf you haven`t bought the dip on ADBE:
Then analyzing the options chain and the chart patterns of ADBE Adobe prior to the earnings report this week,
I would consider purchasing the 560usd strike price Puts with
an expiration date of 2024-3-15,
for a premium of approximately $27.70.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Adobe and BitcoinWhat do you mean #Bitcoin isn't just another #Tech stocks such as #Adobe?
They are all tied by the similar capital flows.
ADBE 2024-03-16 looks really bearishNASDAQ:ADBE stock price below SMA200, SMA150, moving down away from the horizontal resistance level. In short term, really bearish
ADBE - ADOBE Buying opportunitiesDear traders,
Id like to share this idea in order to take long positions. Lets take adavantage of this sell off and start looking of buying positions.
450- 490$ is is a good price range to look for buying opportunities.
best,
ADBE February 24 Trade and Lessons LearnedAs shown on the chart, here was what happened
I bought NASDAQ:ADBE on February 5, right near the resistance, expecting a break out into new high.
The stock did not break out and started to go down.
I sold 50% of my position on February 16 as it crossed down the MA-150 on huge volume. Actually I should have started selling on February 15 as it crossed down its MA-150 on higher volume. I was a little reluctant back then because the overall market was still very good and I hoped the stock will soon recover.
At its MA-200, the stock started to move up again. On March 1 it crossed up MA-150 but could not go further, instead moved down again the next day. That was when I sold the rest of my position.
Had it not recoverd from the MA-200 on February 21 and moved down below it, I would also sell the rest of my position.
Similar to NASDAQ:AAPL (see the idea in the related idea section), this stock was a laggard during the uptrend from January 24.
Lesson learned:
When the overall market is in uptrend, you should put your money into the strongest stocks.
If a stock is moving down its MA-50/150/200 during an overall market uptrend while other stocks are moving up, just sell it. You can always buy it later.
Weak stocks during uptrend will become even weaker during correction.
Strongest stocks during uptrend can struggle to move up during correction, but generally they will decline less than weak stocks during the same correction.
ADBE Strong Selloff and Potential Buy OpportunityNASDAQ:ADBE met earnings expectations yesterday, but set low guidance for 2024. ADBE is having a strong selloff from this low guidance, and this selloff is taking place near previous all time highs. I think ADBE is a very bullish stock, and I am interested in buying this dip. I'm thinking there will be a buy opportunity below $480 and will track ADBE to look for a setup. More downside is likely for now.
