ADBE Forecast and Technical Stock AnalysisHold candidate since 2019-07-19
Adobe Systems Incorporated fell by -1.04% in the last day ( Friday, 19th Jul 2019 ) from $310.08 to $306.87 During day the stock fluctuated 2.57% from a day low at $305.27 to a day high of $313.11. The price has risen in 6 of the last 10 days and is up by 0.95% over the past 2 weeks. Volume has increased in the last day by 0.55 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, 2.09 million shares bought and sold for approximately $641.11 million.
- 30 day high of the ADBE stock price was $313.11 and low was $284.34.
- 90 day high was $313.11 and low was $257.46.
- 52 week high for the Adobe Systems Incorporated - $313.11 and low - $204.95.
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.
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.
Relative Strength Index (RSI)
RSImin/max Values: [ 30 - 75 ]
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.
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 $7.85 (2.57%) between high and low. For the last week, the stock has had a daily average volatility of 1.45%.
Our recommended stoploss: $296.84 (-3.27%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 1 days ago.)
1.45 %Average volatility
Very Low Low Medium High Very High
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. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Strong Buy Candidate to a Hold/Accumulate.
|ADBE $306.87 ($-3.21 -1.04%)|
ADBE is down $3.21 today, but where's it headed in 2019?
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