Adobe Systems Incorporated Forecast and Stock Analysis
Technical ADBE stock analysis for March 19, 2019.
| Shorts | n/a |
| Cash | n/a |
| Loans | n/a |
| Beta | 1.09 |
| ROA | 15.57 |
Adobe Systems Incorporated gained 1.03% in the last trading day, rising from $257.76 to $260.42 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has risen in 6 of the last 10 days and is up by 1.18% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 0.23 million more shares were traded than the day before. In total, 4.24 million shares bought and sold for approximately $1 103.49 million.
Close price at the end of the last trading day (Tuesday, 19th Mar 2019) of the ADBE stock was $260.42. This is 1.03% more than the trading day before Monday, 18th Mar 2019.
During day the stock fluctuated 1.68% from a day low at $256.34 to a day high of $260.64.
30 day high of the ADBE stock price was $269.80 and low was $249.10.
90 day high was $269.80 and low was $204.95.
52 week high for the Adobe Systems Incorporated - $277.61 and low - $204.95.
Trend
Adobe Systems Incorporated 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 20.27% during the next 3 months and, with 90% probability hold a price between $301.46 and $336.08 at the end of this period.
Signals
Only positive signals in the chart today. Adobe Systems Incorporated holds a sales 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. On further gains, the stock will meet resistance from the short-term moving average at approximately $261.69. On a fall, the stock will find some support from the long-term average at approximately $257.32. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Friday March 15, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSI14 is 47 and the stock is currently not being overbought or oversold
Support & Resistance
Adobe Systems Incorporated finds support from accumulated volume at $257.76.
Risk
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $4.30 (1.68%) between high and low. For the last week, the stock has had a daily average volatility of 2.22%.
Our recommended stoploss: $245.46 (-5.74%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 2 days ago.)
Overall risk:
Very Low Low Medium High Very High
Evaluation: Buy Candidate
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term.
