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 11.47% during the next 3 months and, with 90% probability hold a price between $308.20 and $355.45 at the end of this period.

Signals

There are mixed signals in the stock today. A sales signal was issued from a pivot top point on Thursday July 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. 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 $308.26. On a fall, the stock will find some support from the long-term average at approximately $291.48. 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.

RSI14 is 69 and the stock is currently not being overbought or oversold

* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.

Support & Resistance

Adobe Systems Incorporated finds support from accumulated volume at $302.11.

Risk