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ADOBE INC DRNADOBE INC DRNADOBE INC DRN

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ADBE34 trade ideas

Adobe Has Pulled BackAdobe rallied in the spring on AI optimism. It continued higher in the fourth quarter before pulling back, and now dip buyers may get active. The first pattern on today’s chart is the price zone between roughly $560 and $570. The software company peaked there in September and October, but is now trying to hold it. Has old resistance become new support? Second, ADBE bounced at its 100-day simple moving average (SMA) in late October. Friday’s low was near the same line. That may suggest its long-term trend is still rising. Third, the price action in the last three weeks has produced a falling wedge. An upside breakout could be viewed as a bullish reversal following the short-term pullback. Finally, stochastics are rebounding from an oversold condition. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures or cryptocurrencies); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission (“SEC”) and a futures commission merchant licensed with the Commodity Futures Trading Commission (“CFTC”). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association (“NFA”), and a number of exchanges. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services under federal and state money services business/money-transmitter and similar registrations and licenses. TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a member of NFA. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NASDAQ:ADBE
by TradeStation
1
ADOBE LONG 620 LONG 620 TP Long Position: Adobe has consistently demonstrated strong financial performance, driven by its leading position in the creative software and digital experience markets. The company's subscription-based model provides a reliable revenue stream, and its innovative product portfolio continues to attract a wide user base. Key Points: Earnings Growth: Adobe has shown impressive earnings growth in recent quarters, fueled by increasing demand for its creative cloud services. Positive trends in earnings can drive stock appreciation. Subscription Model: Adobe's shift to a subscription-based model ensures a steady stream of recurring revenue. This stability may appeal to long-term investors seeking a reliable growth story. Digital Transformation: Adobe is well-positioned to benefit from the ongoing digital transformation across industries. As businesses and individuals increasingly rely on digital tools for creativity and marketing, Adobe's products remain essential. Innovation: Adobe consistently invests in research and development, ensuring a pipeline of new and improved products. The company's commitment to innovation may drive future revenue growth and market share expansion.
NASDAQ:ADBELong
by NYRUNSGLOBAL
Updated Swing Trading Watchlist - Pullback OpportunitiesHello Traders, As we dive deeper into our trading strategy inspired by Mark Minervini, I'm excited to share a detailed analysis of our updated watchlist: www.tradingview.com This list is meticulously curated, focusing on stocks poised for potential pullback entries, suitable for short to medium-term trades. Here’s what we’ve analyzed: Selection of Stocks in Strong Uptrends: Our primary filter is selecting stocks exhibiting strong uptrends over the past weeks or months. We use specific criteria like stocks trading above their 50-day and 200-day moving averages, a sign of enduring strength. Additionally, we look for stocks outperforming the market index, indicating relative strength. Volume Analysis During Pullbacks: We observe the trading volume during pullbacks. An ideal scenario is a pullback on lower-than-average volume, suggesting a lack of selling pressure. A sudden increase in volume can sometimes signal capitulation, which might lead to a potential reversal. Key Support Levels and Technical Indicators: Stocks approaching critical support levels, such as major moving averages or historical support zones, are of high interest. We combine this with technical indicators like the RSI (Relative Strength Index) and MACD (Moving Average Convergence Divergence) to gauge oversold conditions and potential bullish divergence. Price Action and Chart Patterns: We're scrutinizing price patterns that align with Minervini's SEPA (Specific Entry Point Analysis) criteria. This includes looking for stocks forming bases, tight consolidations, or exhibiting orderly pullbacks without significant volume spikes. Flags, pennants, and narrow range days near support areas are particularly noteworthy. Sector and Market Sentiment Analysis: Understanding the current market sentiment and sector rotation plays a crucial role. Stocks in leading sectors or those showing resilience in a weak market are preferred. We also consider the broader market trend and economic indicators to assess the overall risk environment. Risk Management and Entry Points: Each stock on our watchlist comes with a predefined risk management plan, including stop-loss levels and potential entry points. We're waiting for a reversal signal, such as a high-volume rebound off a support level or a break of a short-term downtrend line, to initiate positions. Earnings and Fundamental Check: While our focus is on technical analysis, we don't ignore fundamental aspects. We check upcoming earnings dates and ensure that the stocks have solid fundamentals, aligning with Minervini's preference for quality stocks. Conclusion : This watchlist represents a blend of technical prowess and strategic foresight, aiming to capitalize on pullback opportunities in strong stocks. Remember, the key to successful swing trading lies in timing, precision, and risk management. Stay alert for real-time updates as these setups evolve. Let's capture the market's rhythm together!
NASDAQ:ADBE
by JS_TechTrading
Adobe: Downhill! ⛷️The ADBE price has been dropping since yesterday. Our primary expectation is that this is merely the beginning of a larger descent, as we now consider the white wave (b) to be completed and locate the price in the same-colored wave (c). This wave should now fall below the resistance at $506.92 and only come to an end around $380. However, there is an alternative to consider, to which we assign a probability of 30%. This option would shift the high of the white wave alt.(b) slightly higher.
NASDAQ:ADBEShort
by MarketIntel
Adobe Inc. (‘ADBE’), DailyShares of Adobe Inc. (symbol ‘ADBE’) have performed exceptionally well over the last 3 months, reaching a 2-year high. The company’s earnings report for the fiscal quarter ending November 2023 is due for release on Wednesday 13th of December, after market close. The consensus EPS is $3.32, well up from $2.78 in the same quarter last year. ‘ The company's share price rose by around 7% in the last quarter and the financial image is also reflecting this positive update. The total assets outweigh the total liabilities at a ratio of more than 2:1 while the current ratio as of 31/08/2023 is at 125% meaning that the company is more than able to repay its short term liabilities with the current assets at hand. The net income is at a 2 year high while the return on equity is just shy of 35%. This means that the company is utilizing its shareholders equity to generate income which is viewed positively by its shareholders and making the company an attractive addition to their portfolios.’ said Antreas Themistokleous, market analyst at Exness. From the technical analysis perspective the price has been bullish throughout the whole of the quarter with some rather minor corrections. The psychological resistance of the round number at $625 has proven to be strong enough to push the price to the downside in recent sessions and also pushed the Stochastic oscillator back in neutral levels. At the time of this report being written the 50 day moving average was trading above the 100 day moving average indicating that the overall bullish momentum is still valid. In the case that the recent correction continues in the near short term then the first point of major support could possibly be found around the $550 price area which consists of the dynamic support between the 2 moving averages, the psychological support of the round number and is also just above the 61.8% of the monthly Fibonacci retracement level.
NASDAQ:ADBE
by Exness_Official
Adobe Inc. (‘ADBE’), DailyShares of Adobe Inc. (symbol ‘ADBE’) have performed exceptionally well over the last 3 months, reaching a 2-year high. The company’s earnings report for the fiscal quarter ending November 2023 is due for release on Wednesday 13th of December, after market close. The consensus EPS is $3.32, well up from $2.78 in the same quarter last year. ‘ The company's share price rose by around 7% in the last quarter and the financial image is also reflecting this positive update. The total assets outweigh the total liabilities at a ratio of more than 2:1 while the current ratio as of 31/08/2023 is at 125% meaning that the company is more than able to repay its short term liabilities with the current assets at hand. The net income is at a 2 year high while the return on equity is just shy of 35%. This means that the company is utilizing its shareholders equity to generate income which is viewed positively by its shareholders and making the company an attractive addition to their portfolios.’ said Antreas Themistokleous, market analyst at Exness. From the technical analysis perspective the price has been bullish throughout the whole of the quarter with some rather minor corrections. The psychological resistance of the round number at $625 has proven to be strong enough to push the price to the downside in recent sessions and also pushed the Stochastic oscillator back in neutral levels. At the time of this report being written the 50 day moving average was trading above the 100 day moving average indicating that the overall bullish momentum is still valid. In the case that the recent correction continues in the near short term then the first point of major support could possibly be found around the $550 price area which consists of the dynamic support between the 2 moving averages, the psychological support of the round number and is also just above the 61.8% of the monthly Fibonacci retracement level.
NASDAQ:ADBE
by Exness_Official
Adobe AnalysisJust closed my position with a 39% gain! 🚀 Adobe is currently trading at $620, showcasing a strong bullish trend with potential for further growth. Based on current momentum, there are two key scenarios to watch: 1. Bullish Continuation: The price could surge towards the $640 mark, extending its bullish trajectory. 2. P otential Retracement: Alternatively, if it breaks below the $620 level, we might see a pullback to around $600. Stay alert for these pivotal movements. Both scenarios offer significant trading opportunities. Keep an eye on the market and stay tuned for more updates! 🌟 #Adobe #StockAnalysis #TradingView
NASDAQ:ADBE
by BrandinLiriano
Adobe Inc. (NASDAQ: ADBE) Stock Gains In the latest market close, Adobe Systems (ADBE) reached $565.47, with a +0.32% movement compared to the previous day. The stock outpaced the S&P 500's daily gain of 0.18%. On the other hand, the Dow registered a gain of 0.1%, and the technology-centric Nasdaq increased by 0.3%. Shares of the software maker had gained 7.02% in the past month. In that same time, the Computer and Technology sector gained 3.65%, while the S&P 500 gained 3.08%. Price Momentum ADBE is trading near the top of its 52-week range and above its 200-day simple moving average. We can see it from the chart forming an Horizontal Trendline at the Crest and Trough trying to form a breakout. What does this mean? Investors have been pushing the share price higher, and the stock still appears to have upward momentum. This is a positive sign for the stock's future value.
NASDAQ:ADBELong
by DEXWireNews
3
Price will keep raising till at least January 2024The wave analysis on NASDAQ:ADBE (based on timing, swing trading, volumes, Gann and Elliott and much more) suggests that price will keep raising at least till January, at most till May/June 2024. This type of analysis shows great advantages over technical analysis: when a swing of a wave is broken to the upside or downside before reaching its shorter duration, we can know in advance how long we can keep short or long positions opened. Each day we can calculate statistically what is the probability that price goes up or down, to help traders manage the risk. Stay tuned for further analysis on US stocks to discover more.
NASDAQ:ADBE
by TRADOMICS_
ADBE is coming closer to an important resistance Strong AI beneficiary, NASDAQ:ADBE , had a great move since Oct'22 bottom, advancing more than 100%, and is still in stable uptrend. What are the price levels long investors and traders need to be cautious about? My structural analysis of price dynamics shows that there is an important level of mid-term resistance in 590-625 that may serve as the topping area and lead to start of the correction towards important support zone 510-466. This support zone is the main crossroad between two counts presented. If 466 level will not hold under any perspective selling pressure, then macro-bearish white count becomes operative with lows below Oct 22 to be expected. If price manages to stay above this 510-466 level, then at least one more leg-up towards 680+ would be my main expectation. Another important cautious sign from the volume perspective, is escalating weekly distribution candle in Sep, with yet no contra-accumulation bars. It is still early and inappropriate to take decisively bearish stance, due to price being in supportive uptrend and not breaking any even short-term moving averages. The purpose of this analysis is to provide potential framework for important resistance area ahead for any long positions already established. The analysis is valid until price stays below 625. Decisive move above 625 will force me to reconsider and re-do the analysis. Important notice: Elliot waves and fibonacci retracements are a very subjective form of analysis and I don't personally trade out of them. I use them only for the purpose of gauging structural potential of any assets, that allows me to put more confidence when low-risk trading set-up emerges. Author's personal multi-years trading experience convinced him that analysis and opinion doesn't pay, only price pays and that one shall not ever argue with price
NASDAQ:ADBE
by artemfedorov
Adobe Inc. NASDAQ stock today Wide-moat Adobe reported good third-quarter results, including revenue and non-GAAP EPS that exceeded the top end of guidance and our expectations along with it. We characterize management’s fourth-quarter guidance as in line with investor expectations, which given recent strength and with Firefly AI now generating revenue, could be interpreted as a slight disappointment. We think this mentality mainly misses the mark given such a short-term focus. Further, management will provide fiscal 2024 targets within its fourth-quarter results in December so in-line guidance for one quarter matters less to us here. To begin to accommodate recently announced price increases in the area of 10% for various Creative Cloud and single app instances, we are modestly raising our growth estimates over the next several years. Our fair value estimate therefore increases to $510, from $485 previously, although after a strong run, we see shares as fairly valued.
NASDAQ:ADBELong
by DEXWireNews