Adbe bullish target Adbe 5 wave target @3zizalsaad twitter give me a follow if you liked the analysis
4ADBE trade ideas
bottom fishing $ADBE with 500c exp 06.21
1. **Lightroom Introduces Adobe Firefly:**
Lightroom now features the power of Adobe Firefly with an all-new "Generative Remove" tool. With a single click, distractions disappear, providing high-quality results in seconds. Additionally, AI-powered Lens Blur and Lens Blur adaptive presets enhance background blur.
2. **Adobe's $25 Billion Stock Repurchase Program:**
Adobe's board of directors approved a new stock repurchase authorization, allowing the company to buy back up to $25 billion in common stock through March 14, 2028.
3. **AI Innovations at Adobe Summit 2024:**
Adobe unveiled a suite of AI features for marketers, CX teams, content creators, and designers. These innovations leverage generative AI and real-time insights across Adobe Experience Cloud and Adobe Creative Cloud.
4. **Adobe's Vision for Customer Experience Management (CXM):**
Adobe outlined its vision for brands to deliver one-to-one personalization at scale. This involves integrating customer data, content, and journeys using generative AI and real-time insights.
Is ADBE Stock Undervalued?Is ADBE Stock Undervalued?
The stock chart for Adobe Systems shows that on May 31, 2024, the price fell below $440 – for the first time since June 2023. This drop was partly due to increased competition from Canva, which released updated tools.
However, in early June, the decline did not continue, suggesting that ADBE stock is consolidating around a multi-month low.
Since the beginning of the year, ADBE has decreased by approximately 23%, while the NASDAQ index (US Tech 100 mini on FXOpen) has increased by more than 12%. Is this indicative of serious problems for the company or is the stock undervalued?
A significant amount of information will come from Adobe Systems' earnings report, which will be released on June 13, 2024. According to Yahoo Finance.
The company's earnings per share are forecasted to be $4.38, representing a 12.02% increase compared to the same quarter last year.
Revenue is forecasted at $5.28 billion, a 9.65% increase compared to the same quarter last year.
It is noteworthy that since December 2018, Adobe has consistently exceeded expectations (though this has not always led to a rise in the stock price).
According to TipRanks, the average price target for ADBE stock is $624.83 over the next 12 months, indicating a potential upside of +39.36% from current levels – suggesting that most analysts do not believe the company has deep internal issues, as otherwise they would not be forecasting such price growth.
Technical analysis of ADBE’s daily chart shows that the price action is forming an uptrend (indicated in blue). The price is near the lower boundary of this trend, and:
→ The current price is near the 50% retracement level of the A→B growth wave;
→ The current price has closed last year’s bullish gap.
Therefore, the release of the earnings report on June 13 could be a catalyst that helps bulls resume the uptrend and push the price towards the levels indicated by analysts.
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Adobe shoulder
"I observe that Adobe has formed a head and shoulders pattern. Based on this, I believe Adobe's stock will rise in the short term. Notably, Friday's close was positive after hitting the trendline in the one-week analysis, reinforcing my confidence in this prediction to 90%."
Adobe (ADBE) WaterfallI think Adobe, which has lost more than 32% since the beginning of the year, has a fair value of $522.30. However, as long as the decline continues, we should wait to buy. You can't hold a falling knife. With a break of the moving average or downtrend, I think it will reach its fair value, and with momentum, it may even go up to $620, which is the long-term downtrend. Unless the trend breaks, the decline will continue until the 300s.
Get ready to accumulate ADBEThis could be a good opportunity to scoop up more shares of ADOBE later this week/month. If it falls through the green bullish trend line and falls further south towards the support line between 258 to 278, that would be an attractive price that I would buy more.
Longnow is the time to buy Adobe, it is oversold + hit trend line (w) + as a wave it is ready with C wave
📈💼 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
