Adobe Systems Incorporated Stock Analysis
Technical stock analysis for 22 January 2019
| Shorts | n/a |
| Cash | n/a |
| Loans | n/a |
| Beta | 1.17 |
| ROA | 15.56 |
Adobe Systems Incorporated fell by -1.48% in the last day from $247.51 to $243.85 The price has risen in 6 of the last 10 days and is up by 6.36% over the past 2 weeks. Volume has increased in the last day by 0.36 million shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 4.04 million shares bought and sold for approximately $986.08 million.
Close price at the end of the last trading day (Tuesday, 22nd Jan 2019) of the ADBE stock was $243.85. This is 1.48% less than the trading day before Friday, 18th Jan 2019.
During day the stock fluctuated 1.83% from a day low at $241.19 to a day high of $245.61.
30 day high of the ADBE stock price was $250.68 and low was $204.95.
90 day high was $260.72 and low was $204.95.
52 week high for the Adobe Systems Incorporated - $277.61 and low - $179.34.
Trend
Adobe Systems Incorporated lies the upper part of a wide and falling trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $248.28 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -5.01% during the next 3 months and, with 90% probability hold a price between $191.15 and $235.84 at the end of this period.
Signals
Adobe Systems Incorporated holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $241.74 and $234.25. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Friday January 18, 2019, which indicates further falls 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.
Relative Strength Index (RSI)
RSI14 is 67 and the stock is currently not being overbought or oversold
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $230.00 and $219.69.
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 $230.00. If this is broken, then the next support from accumulated volume will be at $219.69 and $208.80.
Risk
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $4.42 between high and low, or 1.83%. For the last week, the stock has had a daily average volatility of 2.32%.
Our recommended stoploss: $234.53 (-3.82%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 1 days ago.)
Overall risk:
Very Low Low Medium High Very High
Evaluation
Adobe Systems Incorporated holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development.
| ADBE $243.85 $-3.66(-1.48%) |
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ADBE is down $3.66 today, but where's it headed in 2019? |
| Zacks Investment Research is releasing its prediction for ADBE based on the 1-3 month system that more than doubles the S&P 500. Click here – the ADBE analysis is free » |
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