ADBE trade ideas
Adobe rallying on volume prior to earningsGreat company.
They are scheduled to report earnings next week on June 17th.
It appears many investors want to get long the stock before that date.
Note: Adobe is the 12th largest company in the Nasdaq100 (based on market cap) and ytd price performance is in line with the NDX.
But the stock is currently trading 2 standard deviations above is average ytd price, in a fairly strong uptrend.
The 3 black lines are the ytd linear regression with a 1% std dev.
The blue rectangular area, is just an overlay on the 31 March to 11 June price movement (from $468 to $541, a positive 9% upturn).
The small graph at the bottom of the chart is Williams %R which indicates overbought.
ADBE: Breakout of the range up.The range resistance level could be broken upwards with the minimum target level in the 650 region.
Symmetric triangle Symmetric triangle on the 5D look. I see a lot of money flow going into Calls throughout the next couple months
Head & Shoulders + Flag patternHead & Shoulders + Flag pattern + All times high = potential big move UP
Bearish 2 AB=CDBearish 2 AB=CD was found on 30 Apr 2021 00:00 UTC+8 with Point is USD 523.96 @ USD 16.05 @ 3.16%.
Resistance : USD 512.37 @ +4.46 @ 0.88%
Support : USD 504.35 @ - 3.56 @ 0.70%
Risk/Reward Ratio : 1.25
ADBE - Short Traderisk:reward - 1:2
certainty - 70%+
Personally have Vertical Call spreads expiring on JUL21, With a stop loss at 525.
If it ever crosses 525 the setup is invalidated.
I will update for any potential early exits or Stop loss moves.
$ADBE Trade Idea$ADBE Trade Idea
Entry: 506
Strike: 6/4 510c
Targets: 515, 519, 526
Support: 500, 492, 486
@TradingView @KyleTrades86
Adobe (ADBE) Likely To Rally And Test All Time HighsThe weekly time frame shows a clear bounce off of previous trendline resistance-turned-support. A test of $525 is likely.
Indecision in Adobe priceNASDAQ:ADBE
Multiple contrasting EMAs crosses suggest indecision and uncertainty in this market. Mixed.
Price is struggling to break through the highs but is finding buyer support at the lows of the current consolidation/range. Mixed.
RSI unclear. Mixed.
A safer approach to join the uptrend is to wait for an entry at 375.
You can use Adobe to make $DOGE memes.If a car is a meme, and the gas is $DOGE, then the highway is Adobe.
Create memes of meme coins, but first, load up on some $ADBE. You should invest in the tools you use.
The bars pattern here is from $FTNT... they're all in the same tech basket. $FTNT is leading, $ADBE $CRM and others are following.
ADOBE waiting to be unleashed!Adobe has been trading sideways for almost 9 months now, bouncing off the Strong Support level and not breaking out of the Strong Resistance level for long.
It could possibly dip to the $455 Strong Support line again and bounce up and out of the resistance around the time of next earnings report. I am taking my position now because I think this could shoot up at any moment. Will buy any dips along the way.
Could see all time highs, I might take SOME profits around $520.
Current RSI: 40
Average Price Target (Analysts): $570
Current PE Ratio: 41.5
Net Profit Margins: INSANE 40%
Total Assets: $24.9 Billion
Total Debt: $4.7 Billion
This is not financial advice, just my own personal investment plan.
$ADBE bullish flag patternADBE has been treating us with a nice bullish flag above the ascending channel that has been going on since 2018. Last month the flag was broken upward, signaling a continous uptrend if fundementals allow for it.
Before adobe is ready to conquer new ground, it is looking for support. Without it, it has bounced back into the channel from a small resistance around 520.
Places where support can be found: Weak support at 473, strong Support at 458. I believe it will not fall below 458, if it does we will go back into the channel and fall further down.
Facing resistance around 536 (previous ATH) and 613 (fib),
BUT if ADBE is able to break them, we could well be able to see a continuation of the strong uptrend before the flag and reach for a target around 667.
Adobe channel BreakoutLooking at 587 to 595 as the target!
My previous channels weren't correct, but seems like we have a proper breakout.
$ADBE 8 Month Consolidation Break-Out Watch ListWhile the swings have been large (high volatility) $ADBE has been consolidating for just over 8 months. Adobe reported earnings on March 23 and beat expectations. As you know, it's been a tough market. However, if/when the market firms up $ADBE could very well be a runner. I have an alert set on the short downtrend line. If it can break that with some volume, I'll be looking to open a position. ALL TBD. Ideas not investing / trading advice.
From earningswhispers.com:
Adobe Systems Beats
Adobe Systems (ADBE) reported 1st Quarter February 2021 earnings of $3.12 per share on revenue of $3.9 billion. The consensus earnings estimate was $2.79 per share on revenue of $3.8 billion. The Earnings Whisper number was $2.85 per share. Revenue grew 26.3% on a year-over-year basis.
The company said it expects second quarter non-GAAP earnings of approximately $2.81 per share on revenue of approximately $3.72 billion. The current consensus earnings estimate is $2.70 per share on revenue of $3.70 billion for the quarter ending May 31, 2021. The company also said it now expects fiscal 2021 earnings of approximately $11.85 per share on revenue of approximately $15.45 billion. The company's previous guidance was earnings of approximately $11.20 per share on revenue of approximately $15.15 billion and the current consensus earnings estimate is $11.26 per share on revenue of $15.20 billion for the year ending November 30, 2021.
Adobe Systems Inc offers a line of software and services used by creative professionals, marketers, developers, enterprises and consumers for creating, managing, delivering, measuring, optimizing and engaging with compelling operating systems.
ADBE Long William Alligator : the stock is currently in a bullish position because the candlesticks start being above the Teeth, Lips and Jaw and the lines are “eating with an open mouth” this indicates that the price is increasing.
RSI : the line is under 70, so the stock is not overbought.
Candlestick patterns : there is a bearish engulfing which is a bearish confirmation.
Overall : it can be interesting to take a buy position on this stock because the indicators indicate that the price is increasing. Entry price is higher than the current price for assurance and stop loss is set at -5%.
LONG Breakout ADOBE After Q1 after consolidationWhen discarding covid19 effect, only once since September 2012 has SMA200 been above SMA50.
Right now there is a balancing act going on.
Yet over this week the price has broken out from the previous 3 tops and had strong support in 420-430 after Q1 postings.
Since then there has been a strong RSI14 development and is showing a strong yet not "overbought" tendency.
I have entered long in 515.23 today, as the spike in price over the last 3 days will ensure that SMA50 will stay above SMA200.
