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Adobe Systems Inc (Extended Hours)

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ADBE trade ideas

This is not photoshopped - Adobe heading lower?Adobe - Short Term - We look to Sell at 380.40 (stop at 401.40) The medium term bias remains bearish. The gap open from 10/06/2022 to 13/06/2022 has now been closed. As this corrective sequence continues we look to set shorts on a rally at better risk/reward levels. Further downside is expected and we prefer to set shorts in early trade. Our profit targets will be 321.30 and 256.00 Resistance: 392 / 426.42 / 441.90 Support: 357.56 / 338.00 / 320.90 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NASDAQ:ADBEShort
by Saxo
Breaking through a multi-year trendThis is a very bearish pattern. If the price doesn't quickly return to the $420-450 range (which I highly doubt, given the current situation), we will fall to the level of $200-250 even quicker than expected. But this will also be a good price to buy for the current performance of the company. But It will also be a good price to buy if the current performance of the company remains the same. I will try to short if the price reaches $390-400, TP $200-250, SL $450.
NASDAQ:ADBEShort
by Heist_FlyZ
ADOBE ROPEY - Short Setup ~$480REASONS TO BE LONG-TERM BEARISH Broke the 100 week moving average 14th Feb RSI has dropped into the bear zone, confirming sell signal Dropping outside of the exponential bull top (green area) Replicating same setup as January 2001 Back then price made way all the way back to the 0.5 fib at $8. The same move this time would take it back to $105. Price/earnings ratio still at 33! REASONS TO BE SHORT-TERM BULLISH Back-test of 100 week moving average could be on the cards in the coming week or two That said it has already done that in March 2022 $480-490 would represent a nice setup & risk/reward ratio for a short RSI ticking upwards, potentially to cross into the green bull zone on daily Downside target or long entry would be $108, right to the top of the bottom purple zone. Back to 2016 highs. Likely some years away, before it gets all the way there though!
NASDAQ:ADBEShort
by DigiDavid
Adobe - Still to Fall or Has It Reached Support Area? Is one of the leading digital media companies Adobe already attractive for investors? Let's look at fundamentals and technical aspects. Fundamental indicators: Revenue and Profits - demonstrated consistent and explosive long-term earnings growth over the past 10 years Profit margin - impressive 40% in 2021 P/E - still overpriced with 37x ratio Liabilities - no problems with debt Technical Analysis (Elliott Waves): The sharp drop in March 2020 has completed a Running Flat correction that lasted for more than year and a half Since then Adobe has enjoyed over 170% gain in its share price with a clear impulse movement Having peaked at nearly $700 in November 2021 it has completed global wave 3 that started in August 2011 - very lengthy growth cycle And hence it is time for even longer correction than the one we observed in 2018-2020, the duration target is end of 2023 Global wave 4 has already started with rapid correction from the historic high, the potential support levels using Fibonacci retracement are 0.5x and 0.618x, $360 and $280 respectively. But given still quite high P/E ratio it is more likely for Adobe to reach lower level of this zone Once support is found then we are likely to observe a very lengthy corrective movement in the range between the lower support level and the maximum price of $700, which will provide short term opportunities for bull and bears What do you think about this scenario for Adobe ? Please share your thoughts in the comments and like this idea if you would like to see more stocks analysed using Elliott Waves. Thanks
NASDAQ:ADBE
by vitalalyt
4
Adobe (NASDAQ: $ADBE) Wicks Thru Golden Pocket! 🕯️ Adobe Inc. operates as a diversified software company worldwide. It operates through three segments: Digital Media, Digital Experience, and Publishing and Advertising. The Digital Media segment offers products, services, and solutions that enable individuals, teams, and enterprises to create, publish, and promote content; and Document Cloud, a unified cloud-based document services platform. Its flagship product is Creative Cloud, a subscription service that allows members to access its creative products. This segment serves content creators, workers, marketers, educators, enthusiasts, communicators, and consumers. The Digital Experience segment provides an integrated platform and set of applications and services that enable brands and businesses to create, manage, execute, measure, monetize, and optimize customer experiences from analytics to commerce. This segment serves marketers, advertisers, agencies, publishers, merchandisers, merchants, web analysts, data scientists, developers, and executives across the C-suite. The Publishing and Advertising segment offers products and services, such as e-learning solutions, technical document publishing, web conferencing, document and forms platform, web application development, and high-end printing, as well as Advertising Cloud offerings. The company offers its products and services directly to enterprise customers through its sales force and local field offices, as well as to end users through app stores and through its website at adobe.com. It also distributes products and services through a network of distributors, value-added resellers, systems integrators, software vendors and developers, retailers, and original equipment manufacturers. The company was formerly known as Adobe Systems Incorporated and changed its name to Adobe Inc. in October 2018. Adobe Inc. was founded in 1982 and is headquartered in San Jose, California.
NASDAQ:ADBELong
by Bullishcharts
2
ADBE Symmetrical Triangle Breaking DownWe are currently two hours into todays session. ADBE has consolidated in a symmetrical triangle pattern for the past 3-4 weeks. This pattern is generally a neutral pattern with a bias toward the current trend. The current trend is down since the 20ma < 50ma < 100ma. My CB-RSI indicates downward pressure and MACD is nearing a bearish crossunder. The price action has broken the consolidation to the downside and is pointing to former support near 415. I think that would be a good target. Should that support fail, I will look to 485 as the next target. Risk Management is key. I will stop the trade if we close above the 5 ema which happens to be inside of the consolidation range.
NASDAQ:ADBEShort
by Decam9
Short-term Bullish on AdobeI'm looking at ADBE today. Seeing a lot of good signs for a shorter-term play. I'm seeing Bullish Divergence on the Daily chart (as well as recent 4-hr Bullish Divergence). In addition, ADBE has entered a *strong* buy zone on the lower indicator (something that hasn't happened since 2011). Working against ADBE is the negative momentum, however, I think there's a good chance we see bulls step in over the next few weeks. I'm interested in increasing my exposure here. Good Luck ---------------------------------------------------------------- These are my personal views and not financial advice. Please do your own research before investing. I'd love to hear your thoughts, ideas and feedback. Feel free to Comment and I'll try and get back to you quickly. If you appreciated this analysis, consider Liking or Following . Thanks!
NASDAQ:ADBELong
by mercury_rising