ADBE trade ideas
$ADBE Long trade entry for Adobe into EarningsAll time high very possible tonight for ADBE as earnings are anticipated to be great.
Dependent on market conditions today entry at approx $ 306 with major resistance level $311.
$ADBE Earnings trade in AdobeEntry level $307 = Target price $344 = Stop loss $300
P/E ratio 53
Mutiple analysts upgrades this week are very bullish as analysts don't want to get caught out.
Adobe analyst commentary at BMO Capital Adobe price target raised to $350 from $300 at BMO Capital. BMO Capital analyst Keith Bachman raised his price target on Adobe to $350 and kept his Outperform rating, also boosting his FY20 EPS veiw by 12c to $9.75. The analyst contends that the company may reach 45% margins in FY23 barring additional M&A, with next year likely to see more margin upside than revenue upside. Bachman further states that Adobe shares are "reasonably, if not attractively, valued" with an enterprise value to revenue / revenue growth rate plus free cash flow margin multiple of 0.21-times, which is below the 0.3-times multiple average among its growth software peers
Adobe analyst commentary at Morgan Stanley Adobe price target raised to $410 from $340 at Morgan Stanley. Morgan Stanley analyst Keith Weiss raised his price target on Adobe shares to $410 from $340 as he believes the durable earnings power of the more mature Digital Media segment appears undervalued given investors fears about the company's other segment that accounts for the majority of revenues, namely and Digital Experience. However, he thinks improving and more consistent execution in Digital Experience could remove a weight from the stock's multiple, Weiss tells investors. He keeps an Overweight rating on Adobe shares.
Adobe analyst commentary at Cowen Adobe price target raised to $305 from $295 at Cowen. Cowen analyst J. Derrick Wood raised his price target on Adobe to $305 from $295 ahead of Q4 results on December 12. The analyst said his Digital Media partner survey showed an up-tick in growth performance during Q4 which bolstered his confidence in the company's ability to execute. He believes some of the upside is already in the shares as the company recently raised its guidance. Wood reiterated his Outperform rating on Adobe shares. 03/08/13 Wedge Partners 03/08/13 Credit Suisse 03/06/13 Citigroup
Source thefly.com
Company profile
Adobe, Inc. engages in the provision of digital marketing and media solutions. It operates through the following segments: Digital Media, Digital Experience, and Publishing. The Digital Media segment offers creative cloud services, which allow members to download and install the latest versions of products, such as Adobe Photoshop, Adobe Illustrator, Adobe Premiere Pro, Adobe Photoshop Light room and Adobe InDesign, as well as utilize other tools, such as Adobe Acrobat. The Digital Experience segment provides solutions, including analytics, social marketing, targeting, media optimization, digital experience management, and cross-channel campaign management, as well as premium video delivery and monetization. The Publishing segment includes legacy products and services for eLearning solutions, technical document publishing, web application development, and high-end printing. The company was founded by Charles M. Geschke and John E. Warnock in December 1982 and is headquartered in San Jose, CA.
$ADBE Bearish - Short targeting 278 - Overbought Overbought indicators suggested decline to fill up previous gap and make new support at 278
ADOBE INC (ADBE) is near the Key Historical Level!The price is near the Key Historical Level 313.00.
The best place foe open Sell will be under that level after the false breakout.
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ADOBEEarning coming Dec 12th, 2019
Adobe Systems Incorporated lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $313.07 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 11.14% during the next 3 months and, with 90% probability hold a price between $307.89 and $347.95 at the end of this period.
Adobe Systems Incorporated holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $305.29 and $289.24. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, December 04, 2019, which indicates further gains until a new top pivot has been found.
My Opinion
* I would buy on the day of earnings, which will increase the chance of making a profit.
* Sell once the market opens with a stop loss 313 and take profit on Wednesday.
ADBE reaching new heights before earnings report? Unlikely...G'Day traders! What do you think about this idea? Do you think the momentum will ease down or break-through resistance before the earnings report? Please comment down below!
SHORT - ADBE
SL: 314.22 (Suggested by our algorithmic system)
TP: 297.69 (Suggested by our algorithmic system)
Reasons behind this idea:
1. Bearish divergence on MACD
2. Price on strong resistance level
---------- Chart Drawings ----------
Blue Dotted Line: Broken Support Trendline
Red Dotted Line: Broken Resistance Trendline
Blue Solid Line: Support Trendline
Red Solid Line: Resistance Trendline
Blue Rectangle Box: Support Level
Red Rectangle Box: Resistance Level
Blue Arrow Line: Bullish Divergence
Red Arrow Line: Bearish Divergence
Purple Vertical Line: Suggested Stoploss by our algorithmic system
Green Vertical Line: Suggested Stoploss by our algorithmic system
Trade idea from our mobile app: ibb.co (Timestamp is in Australian Sydney Time UTC+7)
Please trade responsibly and good luck!
$ADBE Gap AnalysisADBE Gap analysis. Strong gap. It did gap abover 100 SMA on daily and holding that level pretty good. Possible to test ATH before earnings.
BUY CHANCEENTRY TO BUY = IF THE RED ZONE IS BROKEN UP
TP IS SHOWN IN FIG
SL = BELOW THE RED ZONE
Do you agree with me?
ADBE Correction BouncesCorporate buybacks struggle against heavier rotation by Dark Pools. ADBE steps downward to bounce at support levels.
ADBE trend line breakAdobe broke a downtrend today in a move that signals rising investor confidence in the software company. Adobe has an 8.4/10 analyst summary score and is rated undervalued by S&P Capital IQ.
ADBE ShortEven with price being up 10$, shorts still look valid because that gap will eventually need filled and it should correct to the second trend line based on ichimoku and price structure
ADBE trend reversal after price breaks through prior Res/SupDoes this sound like it could pay off at all? ;)
Trade breakout off a cup with handle (?)This is my first (proper ish) trade plan that I have recorded ;>
Anything fundamentally wrong with it?
ADOBE - DAY TRADEHi, today we are going to talk about ADOBE
We observe a 15M, some important points. The details are highlighted above.
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$ADBE Alert set for move above $272Weekly resistance sits at $270, a move above could be a nice entry level for sizable gains, a reasonable upside target is at approx $290
The majority of high valuation cloud stocks have suffered quiet a selloff since the summer highs, it looks like the bottom may be in for the sector.
almost ready for longeither it chooses to recover from here or a false break out like last time then recover.
