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Adobe Systems Incorporated Stock Forecast NASDAQ:ADBE

$499.91 (-2.14%)

Volume: 4M

Closed: Jan 21, 2022

Hollow Logo Score: -5.977

Adobe Systems Incorporated Stock Forecast

$499.91 (-2.14%)

Volume: 4M

Closed: Jan 21, 2022

Score Hollow Logo -5.977
Which way will ADBE go? Request

Explanation to Bollinger's Bands

Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.

Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.

Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation

BandWidth defines the current width of the band.
%b defines the current position within the band.

BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)

Live Samples:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

Bottlenecks in bandwidth indicates a upcoming change. Break up through the moving average line, or continuously movements above the moving average line indicates a break up, and vice versa downwards.

Source: http://www.bollingerbands.com

Key Stats
P/E Ratio 41.68
Beta 1.43
* 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 ] The Adobe Systems Incorporated stock currently holds an RSI14 at 23 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.

Adobe Systems Incorporated stock downgraded from Sell Candidate to Strong Sell Candidate after Friday trading session.
(Updated on Jan 21, 2022)


Sell candidate since 2021-12-29 Loss -12.19% PDF

The Adobe Systems Incorporated stock price fell by -2.14% on the last day (Friday, 21st Jan 2022) from $510.85 to $499.91. and has now fallen 3 days in a row. During the day the stock fluctuated 2.92% from a day low at $499.27 to a day high of $513.86. The price has been going up and down for this period, and there has been a -2.76% loss for the last 2 weeks. 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 $2.10 billion.

The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $488.76 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -22.76% during the next 3 months and, with a 90% probability hold a price between $377.52 and $450.64 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.

Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Adobe Systems Incorporated 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 $515.79 and $569.87. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, December 27, 2021, and so far it has fallen -13.46%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

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 $14.59 between high and low, or 2.92%. For the last week, the stock has had a daily average volatility of 3.00%.

Adobe Systems Incorporated is oversold on RSI14 (23). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

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

Is Adobe Systems Incorporated stock A Buy?

Adobe Systems Incorporated 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.

Current score: -5.977

Strong Sell Candidate Downgraded

Insiders are negative selling more shares than they are buying in Adobe Systems Incorporated

In the last 100 trades there were 76.37 thousand shares bought and 101.6 thousand shares sold. The last trade was done 3 days ago by Warnock John E who sold 3.73 thousand shares. In general the insiders are selling more stocks than they buy. There can be a variety of reasons for this, but in general it can be considered as a negative signal.

Predicted Opening Price for Adobe Systems Incorporated of Monday, January 24, 2022

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

Fair opening price January 24, 2022 Current price
$504.35 $499.91 (Undervalued)

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Analyst Ratings

On Jan 04, 2022 "UBS Group" gave "" rating for ADBE. The price target was changed from $554.00 to 1.8%.

Volatility and Risk
Daily Average Volatility: 3.00 %
Overall Risk: Very High High Medium Low Very Low
Volatility
3.00 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $514.43
Price: $499.91
No Support Found

ADBE Insider Trading Show all Trades

INSIDER POWER

-13.638

Last 100 transactions
Buy: 76 374 | Sell: 101 604 (Shares)
Date Action Amount Person Type
Jan 19, 2022 Sell 3 726 Warnock John E Common Stock
Jan 19, 2022 Sell 100 Warnock John E Common Stock
Jan 19, 2022 Sell 174 Warnock John E Common Stock
Jan 09, 2022 Sell 11 019 Chakravarthy Anil Restricted Stock Units
Jan 09, 2022 Sell 5 477 Chakravarthy Anil Common Stock
Show all Insider Trades
INSIDER POWER

-13.638

Last 100 transactions
Buy: 76 374 | Sell: 101 604 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 518.94 3.81 %
513.37 2.69 %
509.92 2.00 %
Current price: 499.91
Support 498.77 -0.23 %
495.33 -0.92 %
489.76 -2.03 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 566.09 13.24 %
556.64 11.35 %
514.43 2.90 %
Current price 499.91
Support 0 .
0 .
0 .

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About Adobe Systems Incorporated

Adobe Systemsorporated 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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