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ADBE trade ideas

ADBE at Volume Profile NodeThis morning NASDAQ:ADBE triggered a Spike Alert on the opening 30 minute bar. I double checked this signal against Volume Profile. On the weekly there is a major Volume Profile node at 480 considering the bullish trend from September 2022 to January 2024. The spike this morning touches this level and have moved off with a significant Spike: The Spike allows me to start a trade on the 30 minute timeframe with low risk and a 3:1 Reward/Risk ratio with the intent to play the higher timeframe Weekly move as a major pullback. If we increase the time considered the Volume Profile node becomes even more significant as the POC (Point of Control) for the price action going all the way back to COVID low.
NASDAQ:ADBELong
by norok
3
ADBE will give you a Christmas gift this yearIgnore the chart. It's incredibly distorted, maybe the time frame is too much for TradingView. I might try and upload an undistorted version in the comments below. Anyway. I thought ADBE might have a breakout soon so I spent a couple hours this morning making this chart. Conclusion: Holders of ADBE will get a Christmas present this year. ADBE will try to match its previous high in 2021 by the end of the year. So many stocks. So little capital. 😊 Happy trading.
NASDAQ:ADBE
by fmpax22
ADBE February 24 Trade and Lessons LearnedAs shown on the chart, here was what happened I bought NASDAQ:ADBE on February 5, right near the resistance, expecting a break out into new high. The stock did not break out and started to go down. I sold 50% of my position on February 16 as it crossed down the MA-150 on huge volume. Actually I should have started selling on February 15 as it crossed down its MA-150 on higher volume. I was a little reluctant back then because the overall market was still very good and I hoped the stock will soon recover. At its MA-200, the stock started to move up again. On March 1 it crossed up MA-150 but could not go further, instead moved down again the next day. That was when I sold the rest of my position. Had it not recoverd from the MA-200 on February 21 and moved down below it, I would also sell the rest of my position. Similar to NASDAQ:AAPL (see the idea in the related idea section), this stock was a laggard during the uptrend from January 24. Lesson learned: When the overall market is in uptrend, you should put your money into the strongest stocks. If a stock is moving down its MA-50/150/200 during an overall market uptrend while other stocks are moving up, just sell it. You can always buy it later. Weak stocks during uptrend will become even weaker during correction. Strongest stocks during uptrend can struggle to move up during correction, but generally they will decline less than weak stocks during the same correction.
NASDAQ:ADBE
by longsonvn
ADOBE: RED FLAG! downtrend possible till summer & beyond (2025)An yearly upward cycle has had all the conditions to close and now a new T+5i is on the edge. This means that we can not go back to the tops for at least...3 months. 497.86 is the critical swing that if broken will bring downtrend at least till summer time at most till 2025. (this is also a first target price. In general such situation allows to have better profits Use by shorting the top rather than buy the lows. For ad hoc analysis on the stocks you want contact us in pvt.
NASDAQ:ADBE
by TRADOMICS_
Adobe Tumbles Amidst AI Struggles and Fierce CompetitionAdobe ( 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 ahead for the tech giant. In the ever-evolving landscape of tech, Adobe ( NASDAQ:ADBE ) stands alongside industry heavyweights like Microsoft and Google, each vying for supremacy in AI innovation. However, Adobe's recent stumble has raised doubts about its capacity to effectively monetize AI features across its creative suite, leaving investors wary of its future prospects. Compounding the pressure are the emergence of AI startups such as Stability AI and Midjourney, poised to disrupt Adobe's longstanding dominance in the graphics industry. Analysts from RBC Capital Markets highlighted investor apprehension regarding the "GenAI upside," reflecting concerns about Adobe's ability to leverage AI for sustained growth and profitability. Despite forecasting $440 million in net new annual recurring revenue for its digital media segment, a decrease from the previous year's figures, Adobe ( NASDAQ:ADBE ) failed to meet market expectations. CEO Shantanu Narayen acknowledged the disparity between projections and actual performance, citing potentially inflated forecasts for the second quarter. The fallout from Adobe's lackluster forecast extended beyond financial metrics, potentially erasing over $30 billion of the company's market value. Despite experiencing a remarkable 77% surge in 2023, Adobe's shares have faltered by 4% this year, highlighting investor uncertainty amidst conflicting signals from the company. Analysts from Piper Sandler highlighted the challenge of deciphering Adobe's messaging, noting the company's ongoing efforts to monetize AI across its platforms. Despite these challenges, Adobe's decision to announce a $25 billion stock buyback signals confidence in its long-term strategy, following regulatory setbacks in its attempt to acquire Figma. However, Adobe's ( NASDAQ:ADBE ) stock valuation, trading at 30.41 times its forward profit estimates compared to industry peers like Microsoft and Salesforce, raises questions about its competitive positioning. As Adobe navigates the competitive landscape and grapples with AI integration challenges, the road ahead remains uncertain.
NASDAQ:ADBEShort
by DEXWireNews
Adobe Inc. (‘ADBE’)Shares of Adobe Inc. (symbol ‘ADBE’) have incurred losses in the last quarter of around 7% with the majority of it being made in the last two weeks of February. The company’s earnings report for the fiscal quarter ending February 2024 is due for release on Thursday 14th March, before the market opens. The consensus EPS is $2.97, against $3.57 in the same quarter last year. As of 30/11/2023, the company had a strong current ratio of 134% meaning that they have the ability to repay any short-term obligations with the current assets at hand and therefore be somewhat safe from any minor financial turbulence. Also, the total assets outweigh total liabilities at a ratio of more than 2:1 while long-term debt has declined by 0.14% year over year. All these indications show that Adobe has a sound financial image to display and therefore capable of attracting strong investors. From the technical analysis perspective, the price has found sufficient support on the lower band of the Bollinger bands and has corrected to the upside. At the time of this report being written, the price is testing the resistance of the 38.2% of the daily Fibonacci retracement level which is also an inside resistance area of price reaction in the early days of 2024. The Stochastic oscillator is in neutral levels indicating that the price has the potential to move in either direction while the 50-day moving average is trading above the 100-day moving average showing that the overall bullish momentum is still in effect. The Bollinger bands are also quite expanded therefore showing that volatility for the share is boosted. All of these combined support a possible buying narrative and if this is proven to be correct, then the first area of possible resistance might be found around the $585 price area given that the price manages to make a valid break above the $572 level which is the major technical resistance level of the short-term outlook.
NASDAQ:ADBE
by Exness_Official