Adobe Inc. (NASDAQ: NASDAQ:ADBE ) shares tumbled more than 9% in extended trading after the company released a disappointing outlook for its fiscal fourth quarter, overshadowing its strong third-quarter performance. Despite reporting better-than-expected earnings and revenue, the lackluster guidance raised concerns among investors about Adobe’s near-term growth...
I think Adobe, which has lost more than 32% since the beginning of the year, has a fair value of $522.30. However, as long as the decline continues, we should wait to buy. You can't hold a falling knife. With a break of the moving average or downtrend, I think it will reach its fair value, and with momentum, it may even go up to $620, which is the long-term...
Hello Traders and Investors, in this video I will take a quick look at Adobe. -------- Explanation of my video analysis: Back in 2012 we saw a major symmerical triangle breakout on Adobe stock which was followed by an unbelievable rally of +2.000% towards the upside. Over the past 6 years, Adobe stock has once again formed a triangle formation and just...
Adobe ( NASDAQ:ADBE ), the software giant known for its innovative tools in creative content production, is delving deeper into the realm of artificial intelligence (AI) to enhance its renowned Premiere Pro video editing software. In a strategic move, Adobe ( NASDAQ:ADBE ) is exploring a potential partnership with OpenAI and other third-party AI developers to...
Reasons for bullish bias: - Price bounced from support - Gap down after positive earnings most likely would be filled - Bullish divergence Here are the recommended trading levels: Entry Level(CMP): 521.19 Stop Loss Level: 481.40 Take Profit Level 1: 560.98 Take Profit Level 2: Open
Adobe ( NASDAQ:ADBE ), the pioneering force behind creative software solutions like Photoshop, faced a significant setback as its stock plummeted by 12% following a disappointing quarterly forecast. This downturn, fueled by fears of intensified competition and concerns over Adobe's ability to capitalize on generative AI integrations, underscored the challenges...
Adobe (NASDAQ: NASDAQ:ADBE ) found itself on shaky ground as OpenAI, the renowned artificial intelligence startup, unveiled its latest innovation: Sora, a groundbreaking text-to-video generator. The announcement sent shockwaves through the tech industry and prompted a sharp decline in Adobe's ( NASDAQ:ADBE ) stock price, signaling a new era of competition in the...
In a groundbreaking move set to reshape the landscape of eCommerce payments, Nuvei Corporation, a leading Canadian fintech company, has announced a strategic partnership with Adobe ( NASDAQ:ADBE ), the global leader in digital experiences. The collaboration aims to empower businesses operating on Adobe Commerce, a key component of Adobe Experience Cloud, to...
In the latest market close, Adobe Systems (ADBE) reached $565.47, with a +0.32% movement compared to the previous day. The stock outpaced the S&P 500's daily gain of 0.18%. On the other hand, the Dow registered a gain of 0.1%, and the technology-centric Nasdaq increased by 0.3%. Shares of the software maker had gained 7.02% in the past month. In that same time,...
Adobe Inc is trading between the MA50 and MA100 (1d) on a Fibonacci Channel that depicts very accurately the strong 1 year uptrend. The first phase traded inside Fibonacci 0-1, the second is trading inside 1-2. Trading Plan: 1. Buy on the current market price. Targets: 1. 700.00 (All Time High and Fibonacci 3.0 level). Tips: 1. The RSI (1d) crossed over its MA,...
Adobe is consolidating after the June 16th high that was the peak of an enormous 1 month rally. The 1D timeframe has started to normalize (RSI = 68.673, MACD = 19.860, ADX = 22.091) the previously overbought condition but technically there is still some way to go before we reach a low risk buy entry. We believe that is near the 1D MA50, so we are turning bearish...
Hello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that as we are speaking Adove stock is actually approaching a quite obvious previous weekly structure area which is now turned resistance exactly at the $380 level. You can also see that overall weekly market structure is about to shift...
Adobe is well on the way to completing wave B in green, although the course still has got some room to expand the current movement. However, before the resistance at $402.49 at the latest, it should turn downwards again. Thus, the share should drop below the support at $278.23 and into the adjacent gray zone between $278.96 and $227.74, where it should then...
Adobe - 30d expiry - We look to Buy at 328.71 (stop at 312.61) Daily signals are mildly bullish. Price action is forming a bullish flag which has a bias to break to the upside. Trend line support is located at 327. We look to buy dips. We are trading at oversold extremes. This stock has seen good sales growth. 50 1 day EMA is at 329. Our profit targets...
Hello Traders, welcome to this free and educational analysis. I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities. If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below. I will personally reply to every single...
Adobe - 30D Expiry - We look to Buy a break of 301.11 (stop at 284.98) With signals for sentiment at oversold extremes, the dip could not be extended. Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. Trading close to the psychological 300.00 level. We expect a significant move higher if prices manage to...
Not financial advice. The essence of investing & trading is the intelligent and patient preying on the greed, fear, impatience, addiction and ignorance of the majority. It's definitionally Darwinian.