ADBE | 1HR | Watchlist for options tradingNext weeks watchlist: ADBE.
This will be interesting to watch.
The price spiked right above the 200ma red line.
Seems to be building a good support on it.
it's primed for another move upwards
ADBE trade ideas
ADBE bounce off the 50-day on the weekly chartADBE bounce off the 50-day on the weekly chart - 270 seems to be a support.
Look for Adobe to follow through on yesterday's breakoutYesterday Adobe broke upward through a downward-sloping trend line. Today it pulled back, but weak volume on the pullback suggests the stock will follow through. As a software company, Adobe is relatively insulated from the earnings recession afflicting other parts of the tech sector. Adobe beat analyst estimates on its recent earnings report, which is what's moving the stock upward. Earnings guidance was a little softer than analysts expected, but the forecast of 20% growth is still very respectable. Adobe has a 9/10 Equity StarMine Summary Score and is rated somewhat undervalued by S&P Capital IQ. Its P/E of 50 is high for the sector, but pretty standard for a growing mega-cap company. Adobe is about 10% off its high from July.
ADBE Short since yesterday's closing Target $262ADBE Short since yesterday's closing Target $262, broke support yesterday. Earnings around a corner may get pushed another 10% down if the report is not satisfactory.
ADBE: Post-earnings analysisThis analysis focuses on the quarterly results (in term of Revenues, Gross profit, Operating income, Net income and the relative margins) just announced by the company and how these are better/worse than the results of the same quarter of 12 months before (called Year-over-Year analysis).
Furthermore, this analysis also takes into consideration if the results in term of Revenue and EPS (Earnings Per Share) have been better than analysts’ expectations.
Read full analysis on BullDude.com
ADBE long setupADBE’s innovation outlook is trending up based on a current score of 77 out of 99, outperforming sector average. Jobs growth over the past year has decreased and insiders sentiment is negative. ADBE is an Outperformer in terms of sustainability. It is most exposed to WPP plc as its supplier. Over the past 4 quarters ADBE beat earnings estimates 3 times. For more analysis and articles visit our website .
A short chart pattern for ADBEI identified a falling wedge or a downtrend asymmetrical triangle that has been developing since August 2019. After the breakout from the pattern, an entry upon its retracement to the resistance line.
Entry : 279.74
Exit : 280.03
I exited with a loss because I just realized the risk is too big for me at the moment. I sold a call credit spread and the max loss is so skewed.
$ADBE Loves The .618 Retracement: Broken Symmetrical TriangleSee Callouts on Chart. Please Like, Comment, and Follow to show your support :)
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Goodluck!
ShortClean break and retest of triangle. If S&P continue downward our level 2 targets may be reached fairly easily
Adobe in TroubleDescending triangle setup with RSI that is compressing for a big move. Could print as a reversal pattern, but given overall market weakness, it is likely to descend lower.
Short idea - AdobeBeing one of the best growth stocks, NASDAQ:ADBE lately, however, is underperforming indexes. Yesterday's breakdown on relatively large volume suggests that another leg lower may have started.
Based on triangle breakdown, wave symmetry and previous support levels, target on this short should be @ ~256-258. Stop loss @ 290.
Adobe updateAs part of NASDAQ Adobe has market cap of $141.73B. Price ranging on the price target of majority of banks and investment funds. However, Bank of America and Morgan Stanley price it above $300. Company showed positive earnings over the 1-year period, next earnings date is September 17.
Nice uptrend line respected multiple times. Now ranging around it and the 200SMA on 4 hour. A support zone around $277 and small downtrend line from August 8 now show price being wedged in, gearing up for the break, but failing ti make new highs, showing more selling pressure at the moment or investors taking profit. Upside break looks more attractive or wait for test of support to buy with a great risk-reward.
Good Luck!
Shall we get opportunity buy ADOBE share at ~70 USD again?Hi Friends,
I could be wrong here. As per weekly charts, ADOBE share is trading inside parabolic curve and it is near to break down. If we get a breakdown within 2 or 3 weeks, then I am assuming that ADOBE will be corrected ~80%, close to 70 USD / share within ~18 months.
Let's see.
Regards,
Vikram Divekar
Daily ADBE stock price trend forecast analysis11-JUL
Price trend forecast timing analysis based on pretiming algorithm of Supply-Demand(S&D) strength.
Investing position: In Rising section of high profit & low risk
S&D strength Trend: About to begin an adjustment trend as a upward trend gradually gives way to a slowdown in rises and falling fluctuations
Today's S&D strength Flow: Supply-Demand(S&D) strength flow appropriate to the current trend.
READ MORE: www.pretiming.com
Forecast D+1 Candlestick Color : RED Candlestick
%D+1 Range forecast: 0.1% (HIGH) ~ -1.2% (LOW), -0.6% (CLOSE)
%AVG in case of rising: 1.5% (HIGH) ~ -0.7% (LOW), 1.0% (CLOSE)
%AVG in case of falling: 0.6% (HIGH) ~ -1.6% (LOW), -0.8% (CLOSE)
