ADBE stock forecast Adobe Systems Incorporated
Social Sentiment for ADBE
Bullish vs. Bearish opinions
Weighted Sentiment -0.04
Adobe Systems Incorporated Forecast and Stock Analysis
Technical ADBE stock analysis for Thursday May 23, 2019.
| Shorts | n/a |
| Insider % | n/a |
| Institutional % | n/a |
| Beta | 1.70 |
| ROA | 16.02% |
| Price to book | USD 13.93 |
| P/E Ratio | 50.29 |
| Next Earnings Date | 2019-06-17 |
Adobe Systems Incorporated fell by -2.69% in the last day ( Thursday, 23rd May 2019 ) from $281.82 to $274.25 During day the stock fluctuated 2.48% from a day low at $271.69 to a day high of $278.43. The price has risen in 6 of the last 10 days , but is still down by -0.56% for this period. Volume has increased in the last day by 0.90 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, 2.37 million shares bought and sold for approximately $651.33 million.
Quick summary:
- 30 day high of the ADBE stock price was $291.71 and low was $267.22.
- 90 day high was $291.71 and low was $249.10.
- 52 week high for the Adobe Systems Incorporated - $291.71 and low - $204.95.
Trend
Adobe Systems Incorporated lies in the lower part of a weak rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $270.94 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 9.25% during the next 3 months and, with 90% probability hold a price between $296.00 and $323.52 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. On corrections up there will be some resistance from the lines at $278.54 and $276.09. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Wednesday May 22, 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 41 and the stock is currently not being overbought or oversold
Support & Resistance
Adobe Systems Incorporated finds support from accumulated volume at $267.69.
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 $6.74 (2.48%) between high and low. For the last week, the stock has had a daily average volatility of 1.82%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
1.82 %
Average volatilityOverall risk:
Very Low Low Medium High Very High
Evaluation:
The Adobe Systems Incorporated stock holds several negative signals and despite the positive trend we believe Adobe Systems Incorporated will perform weak in the next couple of days or weeks. Therefore, we 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 Buy Candidate to a Sell Candidate.
| ADBE $274.25 ($-7.57 -2.69%) |
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ADBE is down $7.57 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. This report is free today for StockInvest.us readers. Click here – the ADBE analysis is free » |
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