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ADBE trade ideas

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
ADOBE is preparing for take-off!ADOBE has several signals suggesting a take-off! First, it has broken a major dynamic resistance in price, which has been formed since November 2021. Second, it has broken another major dynamic resistance in RSI, which has been formed since November 2021. Third, the daily price has formed a reverse head and shoulders. The only problem is Ichimoku which shows resistance at the current time. Wait for a clean break out and retest of the neckline and then enter to gain massive profit!
NASDAQ:ADBELong
by alldbi
ADBE Short PositionWe can see a nice rejection off of the 540 level which is also the previous swing low that was set on December 21st. ADBE has a high PE ratio of 52.88 which puts it in the category of stocks that are selling off right now due to the federal reserve scheduling rate hikes for next year and reducing it's balance sheet. We can also see the supply/demand shifting to the down side as sellers continue to move their entries lower in this downtrend that was established after the earnings sell off. I will be looking to trim or take profit at 520 and 500 depending on market conditions when the price reaches those levels. 520 provided resistance for a few months while this stock consolidated before breaking out, increasing the chances of 520 acting as support. We could see a retest of 540 before this turns down in which case I will be looking to add to my position. I will be setting a stop loss at 541.65 (just above yesterday's high). If ADBE breaks above that level then we could see more upside and that would also jeapordize the short position setup.
NASDAQ:ADBEShort
by ThirtyninethParallelInvestment
1
NASDAQ: ADBEin the 2hr timeframe we can see price is creating an equal high in the resistance area , and when price bounced from the resist to the support , We see a change of structure with a form of inverse head n shoulder pattern , with the rejection at the 78.60% just at the golden area , in this case we can take a long opportunity with the current oversold market , but we need price to break the EQH then we can a see a push to the upside . RR 1:4 let me know what do you think about this one !
NASDAQ:ADBELong
by davidvid96