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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
NASDAQ:ADBELong
by VROCKSTAR
$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
NASDAQ:ADBE
by timwest
1
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.
NASDAQ:ADBEShort
by DEXWireNews
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.
NASDAQ:ADBEShort
by Optimum369
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.
NASDAQ:ADBE
by TheStockTraderHub
ADBE.NYSE Adobe 30% Upside Possible Fibonacci Trend Cloud Study.Adobe's recent correction to the 0.5 Fibonacci level is seen with a possible reversal pending should the 0.618 be broken to the upside. The Chart should be self explanatory. Note: These Predictions are normally 75% accurate, so there is a 25% Possibility for further downside also. Dedication will be required and is a +1 year Study. As always, please get a few outside Expert's Advice before taking Trade or Investment Decisions. Should you appreciate my Chart Studies, Smash That Rocket Boost Button. It's Just a Click away. Regards Graham.
NASDAQ:ADBELong
by hitchcoxg
11
Risks and rewards of buying ADBE nowThe fun or frustrations about buying shares is if you get it right , you make profits. But it also works the opposite ways. The longer you hold your losses the more emotional you become, blaming yourself for the bad decision (impatience, wrong capital allocation, too greedy, not sufficient research, etc). One thing we need to know as investors is stocks do not move in a straight line up. It has its ups and downs. In the short term, the market is irrational and with it may not have anything to do with the company fundamentals. Thus, it is deemed as an opportunity to those who knows what they are doing and equally frustrates those who merely follow headlines or influencers' leads. Invest with a long time horizon and choose your stocks wisely.
NASDAQ:ADBELong
by dchua1969
Adobe - Preparing a multi year breakout!NASDAQ:ADBE has been consolidating for some time and is definitely ready for a breakout. Adobe is a stock, which is clearly heading higher on a macro perspective. Just two months ago, Adobe actually retested an important horizontal structure and managed to create bullish confirmation, followed by a reversal towards the upside. Eventually, Adobe will also break out of the ascending triangle formation, which has been forming over the past 5 years. Levels to watch: $650 Keep your long term vision, Philip - BasicTrading
NASDAQ:ADBELong
by basictradingtv
Adobe's Stock Surges Approximately 15% After Report PublicationAdobe's Stock Surges Approximately 15% After Report Publication On June 5th in the article "Is ADBE Stock Undervalued?", we highlighted several bullish signs, suggesting that the report published on June 13th could be a driver for a resumption of the uptrend. Adobe's report released on June 13th proved to be strong: → Earnings per share: Actual = $4.48, Forecast = $4.39; → Revenue: Actual = $5.309 billion, Forecast = $5.291 billion. A 10% increase compared to the same quarter last year. Furthermore, the company stated that: → AI is more of an advantage than a hindrance to business development; → “We’re seeing early success monetizing new AI technologies across our Digital Media and Digital Experience businesses,” said Shantanu Narayen, Adobe's CEO. Technical analysis of Adobe's stock shows that: → The price has returned to an upward channel (shown in blue) starting from 2023; → The price broke a descending formation (shown with red lines), potentially marking a significant correction from point A to point B by approximately 50%; → The price surpassed the psychological mark of $500 per share; → The price is in the area of the bearish gap from March 15th, which may act as resistance. Although the RSI indicator on the daily chart of Adobe's stock was in oversold territory at the end of May, today it indicates overbought conditions. There is a possibility that a correction may follow the sharp change in market sentiment, associated with a more thorough evaluation of Adobe's stock prospects. In such a scenario, support for Adobe's stock price may come from: → The psychological level at $500; → The lower boundary of the channel; → Former resistance at $494. According to TipRanks, the average price target for Adobe's stock is $613 in 12 months, indicating a growth potential of +16% from current levels. Buy and sell stocks of the world's biggest publicly-listed companies with CFDs on FXOpen’s trading platform. Open your FXOpen account now or learn more about trading share CFDs with FXOpen. 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.
NASDAQ:ADBE
by FXOpen
2
ADBE and the power of Fibs with AVWAP!NASDAQ:ADBE recently retraced to support at the 0.786 fib from the move to the February high and then gapped up today on a positive earnings. This likely to begin a 5th wave up that could take months to play out, similar to what we saw in 2021. We can see several instances of it respecting key levels from 2021 fib retrace in the first two waves up in the recovery from the 2022 low. I plan to participate in this move but will place an AVWAP on earnings and buy the first retest of it. Why wait for that AVWAP? Notice that the purple AVWAP on the 06/08/23 candle, which was the last time that it touched the 430 0.786 level prior to gaping up into wave 3. This AVWAP acted as support multiple times in 2023 before going on to the February 2024 high. When ADBE broke down in February it retested this AVWAP before failing and retracing all the way back to the 430 0.786. This mornings opening gap ran to that AVWAP and hit resistance. We're likely to see price test the green AVWAP from the February high before challenging and crossing the purple and proceeding.
NASDAQ:ADBELong
by Ben_1148x2
ADBE and the power of Fibs with AVWAP!NASDAQ:ADBE recently retraced to support at the 0.786 fib from the move to the February high and then gapped up today on a positive earnings. This likely to begin a 5th wave up that could take months to play out, similar to what we saw in 2021. We can see several instances of it respecting key levels from 2021 fib retrace in the first two waves up in the recovery from the 2022 low. I plan to participate in this move but will place an AVWAP on earnings and buy the first retest of it. Why wait for that AVWAP? Notice that the purple AVWAP on the 06/08/23 candle, which was the last time that it touched the 430 0.786 level prior to gaping up into wave 3. This AVWAP acted as support multiple times in 2023 before going on to the February 2024 high. When ADBE broke down in February it retested this AVWAP before failing and retracing all the way back to the 430 0.786. This mornings opening gap ran to that AVWAP and hit resistance. We're likely to see price test the green AVWAP from the February high before challenging and crossing the purple and proceeding.
NASDAQ:ADBELong
by Ben_1148x2