ADBE trade ideas
ADOBE INC - BEARISH CENARIOTough times for Adobe and its investors.
The software giant is facing the biggest stock decline in years. The price already reached the COVID-19 bottom and it looks like this is not the end.
The rapid lifting of the interest rates by the central banks means more reduction in consumer demand and lesser price increases. In the near term, sales and profit margins are likely to drop from current estimates.
Adobe Inc recently announced a lowered revenue guidance for 2023 also affected by the change in the currency rates.
In a short-term correction is possible to the major resistance located at the $ 300.
The long-term scenario is a breakout of the local $ 270 support level and a new drop to the $ 205 support level.
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ADBE Homework Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.
"BUY"
Strong buy 22.86%
BUY 31.43%
Hold 45.71%
Analyst Price Target
The average ADBE stock price target is 368.77 with a high estimate of 475.00 and a low estimate of 310.00.
expected moving avg Oct 31th
High RS 360-350
Target 1 " 340"
Target 2 " 355"
Un balance "325"
Bullish trend " 300"
Reversal trend 330
Pivot Points "320"
cross over "320" is bullish
below "320 is bearish
Institutional Holdings
Institutions 2.90K Increased institutions 1.07k shares 24.05m
Institutional holdings 439.04m. New institutions 170 shares 5.08m
Owned 93.81% Decreased. 812. Shares 29.95m
Shares Outstanding 464.90m Sold out 231 sahres 3.60m
trading strategy
"LONG"
make entry 1 at share price 325 exit 1 target 1 "340"
Make entry 2 at share price 300 exit 2 target 2 "360"
"SHort"
make entry 1 at share price 345 exit "325"
Expected moving avg , over estimate "360"
Low expected moving avg under estimate "310"
Adobe Rebounds Following a Sharp DropThe market’s recent bounce has lifted some technology stocks mired in downtrends. One example is Adobe.
The software company plunged on September 15 after a double dose of unwelcome news. ADBE not only missed revenue estimates. It also announced the $20 billion takeover of Figma in a deal Wall Street considered too rich.
The stock soon found itself under $280 for the first time since March 2020. It proceeded to rebound and yesterday tried to enter the bearish gap. But it couldn’t hold. Will the high from last month’s big negative day turn into new resistance?
Second, there was also a bearish outside day versus Tuesday. That’s a potential reversal pattern.
Next, stochastics returned to an overbought condition.
Finally, the 50-day simple moving average (SMA) is approaching from above. Will sellers look for the stock’s downtrend to continue from this line?
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ADOBE INCADOBE INC - Forming Bat Pattern. Which will give target as Marked in yellow 323 . Also there is huge gap down so gap filling will happen.
Disclaimer - This is my personal view for learning purpose. Not a trading recommendation.
Let's Photoshop $320Double bottom forming, and I do believe this stock has been beat up enough after that acquisition of Figma.
I think we bounce back to $320 here.
Not financial advice, good luck to all :)
Adobethe mm begins to tilt, we are on a weekly support, a pause is understandable, let's see if a flag forms, the volumes are correct
ADBE | Long | 20 Oct 2022IMO ADBE could fill the gap above. ın the long and mid term I am extremely bullish for this underlying
End of Adobe down to $6.90I popped on this chart on Daily and Weekly and it shows a morbid picture of the price heading to $6.90...
I hope I am wrong, because these eternal giants don't deserve such a crash.
Green on Adobe. ADBEFlat finished. We are due for another fractal. Betting on further growth given relative and short term growth in the indices.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
Adobe on a sale!Adobe - 30D Expiry - We look to Buy a break of 301.11 (stop at 284.98)
With signals for sentiment at oversold extremes, the dip could not be extended.
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
Trading close to the psychological 300.00 level.
We expect a significant move higher if prices manage to break the 300.00 resistance.
The measured move target is 360.00.
Our profit targets will be 349.49 and 359.49
Resistance: 290.00 / 300.00 / 312.00
Support: 275.00 / 265.00 / 255.00
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Long Trend up and a Hard Fall DownADBE is well below the bands and is very oversold. Price below the bands is bearish but I am just a bit surprised at how long this one is staying under there. I guess we have not had a super bullish day since it fell perhaps. It has been unable to gather any momentum whatsoever so far.
It is still floating down to earth though.
I thought this may would have bounced back in to the bands by now, but it has not.
It will one day but for now I will assume it may fall even further. I have not see a sign of it bouncing yet.
There are other strong stocks dwelling under the bands as well.
Possible targets down listed in orange type if this does not do a bounce soon..
Price is at the .618 of the long trend up and trying to fall below it.
No recommendation.
ADBE, Check the ignition and may God's love be with you!
Sell IdeaShort term momentum is suggesting a push to the downside. The Chart shows the risk to reward and also a fib move down to 1.618 for which i am looking for the market to push
ADBE BUY + OversoldADBE is way oversold here on several indicators and looking to be getting close to long term support. Bounce back to $315-340 range in coming weeks to be expected.
ADBE AnalysisPrice is currently mitigating the bullish POI created in Q1 2020 after a significant drop from their earnings call. There is a huge gap to be filled and a bullish retracement is expected from here after mitigation. First target is the gap at 305.00, and subsequently at 329.00.
ADBE bullish hammer on daily sick tradeADBE bullish hammer on daily sick trade. Technically gap and go, but see how ADBE made gap and goes that didn't go twice through the downtrend, why wouldn't it do the same again?! Stop loss under monthly MA 100, take profit on daily MA 100. Play it wide. I mean, look at this volume.
Market crash, not a pullbackHey all,
I'm sharing this chart, and am about to share a few more to get by my idea that this is a market crash, not a pullback.
I've long tried convincing people that this is a market crash and not some short-lived correction that will suddenly see a V-shaped recovery; I would always repeat the phrase: "Crash, not a pullback." One of the main reasons for why this is is all the large-cap, market-moving names have fallen, and instead of accumulating, or creating a base before moving higher, virtually all rallies have faded, short-lived, and underwhelming. ADBE is a perfect example of this. It created a distribution pattern at the top, has been plagued with bad news, and can't seem to find a bottom. The Adobe's of the world have to accumulate before we ever go higher. These things happen across the board during market crashes(or end-of-cycle bear markets), not during corrections. I remain of the opinion that the closest market you will find to the one we are currently in is 2000, though the key difference is the pace at which we are falling.
ADBE higher high higher low; Target of Inv H&S id 555ADBE just broke above some resistance lines as shown in the chart. Here I used GANN lines.
It broke above a small resistance zone & the downward channel. If the huge inverse H&S pattern plays out, there
Will be a huge upside with TP at 555.
A fundamental very good company with a lot of moat.
Not trading advice
ADBE Long term strategy Just an Idea,
Long term Buy zone in Golden Pocket, ... always count subwaves and wait for RSI konvergence at least on 1D TF (best would be 3D-1W Timeframe).
Enjoy the ride.
Feeling Flashy...not really much to say here other than bottoms in and it looks like a good long - could argue some decent fundamentals behind this also.
