Bullish vs. Bearish (3 opinions)
Social Sentiment 0.26
Adobe Systems Incorporated fell by -1.19% in the last day ( Friday, 20th Sep 2019 ) from $281.26 to $277.91 During the day the stock fluctuated 3.00% from a day low at $274.95 to a day high of $283.20. The price has risen in 6 of the last 10 days , but is still down by -2.47% for this period. Volume has increased in the last day by 0.68 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, 3.84 million shares bought and sold for approximately $1 068.28 million.
Quick summary:
- 30 day high of the ADBE stock price was $293.57 and low was $270.02.
- 90 day high was $313.11 and low was $270.02.
- 52 week high for Adobe Systems Incorporated - $313.11 and low - $204.95.
Trend
Adobe Systems Incorporated lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -8.69% during the next 3 months and, with 90% probability hold a price between $238.20 and $268.40 at the end of this period.
Signals
There are few to none technical positive signals at the moment. Adobe Systems Incorporated holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 $280.41 and $285.15. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Tuesday September 17, 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)
RSImin/max Values: [ 30 - 75 ]
RSI14 is 41 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 behaviour.
Support & Resistance
Adobe Systems Incorporated finds support from accumulated volume at $277.78.
Risk
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $8.25 (3.00%) between high and low. For the last week, the stock has had daily average volatility of 2.60%.
Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.
2.60 %
Average volatilityOverall risk:
Very Low Low Medium High Very High
Evaluation
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 recommendation for this stock since last evaluation from a Hold/Accumulate to a Strong Sell Candidate.
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!
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