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Which way will ADBE go? Request
Stop-loss: $604.33 (-2.78%)
Key Stats
P/E Ratio 53.06
Beta 1.31
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 71 and the stock is currently not being overbought or oversold

Adobe Systems Incorporated stock price ended on $621.63 on Friday after losing 0.0113% (Updated on July 30, 2021)


Buy or Hold candidate since 2021-06-04 Gain 23.22%

The Adobe Systems Incorporated stock price fell by -0.0113% on the last day (Friday, 30th Jul 2021) from $621.70 to $621.63. During the day the stock fluctuated 0.89% from a day low at $617.29 to a day high of $622.80. The price has risen in 6 of the last 10 days and is up by 2.56% over the past 2 weeks. Volume has increased on the last day by 261 thousand 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, 1 million shares were bought and sold for approximately $785.21 million.

The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 37.31% during the next 3 months and, with a 90% probability hold a price between $831.15 and $878.63 at the end of this 3-month period.

Signals & Forecast

A sell signal was issued from a pivot top point on Friday, July 23, 2021, and so far it has fallen -0.68%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 months 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. Some positive signals were issued as well, and these may have some influence on the near short-term development. The Adobe Systems Incorporated stock holds a sell signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $621.84. On a fall, the stock will find some support from the long-term average at approximately $592.59. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal.

Support, Risk & Stop-loss

On the downside, the stock finds support just below today's level from accumulated volume at $565.59 and $556.95. There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Adobe Systems Incorporated finds support just below today's level at $565.59. If this is broken, then the next support from accumulated volume will be at $556.95 and $551.36.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $5.51 between high and low, or 0.89%. For the last week the stock has had a daily average volatility of 1.36%.

Our recommended stop-loss: $604.33 (-2.78%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 5 day(s) ago.)

Is Adobe Systems Incorporated stock A Buy?

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.

Current score: 4.170

Predicted Opening Price for Adobe Systems Incorporated of Monday, August 2, 2021

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

Fair opening price August 2, 2021 Current price
$620.57 $621.63 (Overvalued)
Buy Candidate Unchanged

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Analyst Ratings

Evercore ISI is very positive about ADBE and gave it a "Outperform" rating on June 18, 2021. The price target was changed from $550.00 to $625.00.

Volatility
1.36 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $621.70
Price: $621.63
Support: $565.59

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 626.08 0.72 %
623.98 0.38 %
622.68 0.17 %
Current price: 621.63
Support 618.47 -0.51 %
617.17 -0.72 %
615.06 -1.06 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 625.87 0.68 %
623.68 0.33 %
621.70 0.0113 %
Current price 621.63
Support 565.59 -9.02%
556.95 -10.40%
551.36 -11.30%

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About Adobe Systems Incorporated

Adobe Systems orporated Adobe Systems Incorporated operates as a diversified software company worldwide. Its Digital Media segment provides tools and solutions that enable individuals, small and medium businesses, and enterprises to create, publish, promote, and monetize their digital content. This segment’s flagship product is Creative Cloud, a subscription service that allows customers to download and install the latest versions of its creative products. This segment... Read more

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