RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of ADBE
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Adobe Systems stock price down 0.630% on Wednesday
(Updated on Mar 27, 2024)

Sell candidate since Mar 20, 2024 Loss -2.84% PDF

The Adobe Systems stock price fell by -0.630% on the last day (Wednesday, 27th Mar 2024) from $507.60 to $504.40. During the last trading day the stock fluctuated 3.43% from a day low at $499.70 to a day high of $516.86. The price has fallen in 6 of the last 10 days and is down by -12.06% for this period. Volume has increased on the last day by 1 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 4 million shares were bought and sold for approximately $2.13 billion.

The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -13.32% during the next 3 months and, with a 90% probability hold a price between $416.72 and $503.29 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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ADBE Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, March 15, 2024, and so far it has risen 2.42%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Adobe Systems stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $510.05 and $554.45. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Adobe Systems stock

Adobe Systems finds support from accumulated volume at $499.52 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $17.16 between high and low, or 3.43%. For the last week, the stock has had daily average volatility of 2.74%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (ADBE) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Adobe Systems Incorporated to open at $506.99, and during the day (based on 14 day Average True Range), to move between $486.88 and $521.92, which gives a possible trading interval of +/-$17.52 (+/-3.47%) up or down from last closing price. If Adobe Systems Incorporated takes out the full calculated possible swing range there will be an estimated 6.95% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $499.52 (0.97%) than the resistance at $521.19 (3.33%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Adobe Systems Incorporated stock A Buy?

Adobe Systems holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -1.628 Sell Candidate Unchanged

Predicted Opening Price for Adobe Systems Incorporated of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$506.99 ( 0.513%) $504.40

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for ADBE

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 524.15 3.91 %
R2 517.59 2.62 %
R1 513.54 1.81 %
Current price: 504.40
Support S1 500.43 -0.787 %
S2 496.38 -1.59 %
S3 489.83 -2.89 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 546.66 8.38 %
R2 541.91 7.44 %
R1 521.19 3.33 %
Current price 504.40
Support S1 499.52 -0.97%
S2 492.46 -2.37%
S3 0 .

ADBE Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 16, 2005 Mar 24, 2005 Apr 12, 2005 $0.0065 0.0194%
2 Dec 15, 2004 Dec 23, 2004 Jan 11, 2005 $0.0065 0.0224%
3 Sep 20, 2004 Sep 24, 2004 Oct 12, 2004 $0.0065 0.0250%
4 Jun 21, 2004 Jun 25, 2004 Jul 13, 2004 $0.0065 0.0298%
5 Mar 18, 2004 Mar 26, 2004 Apr 13, 2004 $0.0065 0.0307%

FAQ

What is the symbol for Adobe Systems Stock and on which exchange is it traded?
The symbol for Adobe Systems is ADBE and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Adobe Systems Stock?
Adobe Systems holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

How to buy Adobe Systems Stock?
Adobe Systems Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Adobe Systems Stock.

What's the current price of Adobe Systems Stock?
As of the end of day on the 2024-03-27, the price of an Adobe Systems (ADBE) share was $504.40.

What is the 52-week high and low for Adobe Systems Stock?
The 52-week high for Adobe Systems Stock is $638.25 and the 52-week low is $331.91.

What is the market capitalization of Adobe Systems Stock?
As of the 2024-03-27, the market capitalization of Adobe Systems is 229.435B.

When is the next earnings date for Adobe Systems?
The upcoming earnings date for Adobe Systems is Jun 13, 2024.
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About Adobe Systems Incorporated

Adobe Systems Adobe Inc. operates as a diversified software company worldwide. It operates through three segments: Digital Media, Digital Experience, and Publishing and Advertising. The Digital Media segment offers products, services, and solutions that enable individuals, teams, and enterprises to create, publish, and promote content; and Document Cloud, a unified cloud-based document services platform. Its flagship product is Creative Cloud, a subscription s... ADBE Profile

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