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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Weaker technical forecast for Adobe Systems as stock downgraded to Hold/Accumulate.
(Updated on Jul 19, 2024)

Buy or Hold candidate since Jun 21, 2024 Gain 3.29% PDF

The Adobe Systems stock price fell by -1.05% on the last day (Friday, 19th Jul 2024) from $556.85 to $551.00. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.20% from a day low at $548.96 to a day high of $561.06. The price has fallen in 7 of the last 10 days and is down by -4.73% for this period. Volume has increased on the last day by 682 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, 3 million shares were bought and sold for approximately $1.43 billion.

The stock lies in the middle of a wide and 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 22.03% during the next 3 months and, with a 90% probability hold a price between $604.59 and $727.25 at the end of this 3-month period.

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ADBE Signals & Forecast

The Adobe Systems 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 $559.98. On a fall, the stock will find some support from the long-term average at approximately $520.15. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, July 05, 2024, and so far it has fallen -4.73%. Further fall is indicated until a new bottom pivot has been found. 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 $525.31 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 $12.10 between high and low, or 2.20%. For the last week, the stock has had daily average volatility of 1.61%.

Our recommended stop-loss: $527.89 (-4.19%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 32 days ago.)

Trading Expectations (ADBE) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect Adobe Systems Incorporated to open at $553.67, and during the day (based on 14 day Average True Range), to move between $539.07 and $562.93, which gives a possible trading interval of +/-$11.93 (+/-2.17%) up or down from last closing price. If Adobe Systems Incorporated takes out the full calculated possible swing range there will be an estimated 4.33% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $555.54 (0.82%) than the support at $525.31 (4.66%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Adobe Systems Incorporated stock A Buy?

Adobe Systems holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.212 Hold/Accumulate Downgraded

Predicted Opening Price for Adobe Systems Incorporated of Monday, July 22, 2024

Fair opening price July 22, 2024 Current price
$553.67 ( 0.485%) $551.00

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
R3 565.77 2.68%
R2 561.15 1.84%
R1 558.30 1.32%
Price 551.00
S1 549.05 -0.354%
S2 546.20 -0.87%
S3 541.57 -1.71%

Accumulated Volume Support & Resistance Levels

Level Price
R3 560.01 1.64%
R2 557.63 1.20%
R1 555.54 0.82%
Price 551.00
S1 525.31 -4.66%
S2 518.74 -5.85%
S3 444.76 -19.28%

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 this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

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 Jul 19, 2024, the price of an Adobe Systems (ADBE) share was $551.00.

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 $433.98.

What is the market capitalization of Adobe Systems Stock?
As of the Jul 19, 2024, the market capitalization of Adobe Systems is 244.313B.

When is the next earnings date for Adobe Systems?
The upcoming earnings date for Adobe Systems is Sep 12, 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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