ADBE trade ideas
LONG $ADBEPrice get all time high by strong departure and left the key support behind. Go long in line with the upward momentum in higher timeframe whist pulled back.
Adobe ADBE slowstochastic is coming up!Adobe ADBE slowstoch is coming out the 20 zone.
Title is coming from a 6 consecutive loosing days and slowstochastic crossing above 20 could be a good signal of reversing.
Stock strenght is above 63.
Watch the stock and lets see on lower timeframes if there is a entry signal (may be 212 to 212.24).
If today the stock makes a PBT&CA at 212.24 that is my entry point!
Disclaimer:
This is just my tought: don't invest based on this idea.
ADOBE - heading up highThere is a divergence between decreased volume and increasing price. Sometimes this can be a reversal, other times it indicates a consolidation before another wave higher.
***This is not an investment advice***
ADBE BREAKING OUT$ADBE breaking out! Great company and great stock. We love these fundamental metrics: OM 30%, ROIC 17%, FCF % Sales 37. We remain long!
ADBE 10-Day-Ahead Prediction - 04/02-04/13 PeriodAI/Deep Learning Enabled 10 Day Ahead Predicted values for Adobe Systems Inc - ADBE have been plotted on the chart.
The method used in this prediction is Deep Learning based, and using complex mathematical models to extract hidden time series features in vast amounts of ADBE related data.
The expected 5 Day Change is 1.8900 %
The expected 10 Day Change is 2.9667 %
Predictability Indicator is calculated as : 0.823
Predicted 10-Day Ahead Prices are as follows:
Mon Apr 02 Tue Apr 03 Wed Apr 04 Thu Apr 05 Fri Apr 06
218.33 218.97 219.16 219.56 220.16
Mon Apr 09 Tue Apr 10 Wed Apr 11 Thu Apr 12 Fri Apr 13
220.81 221.36 221.78 222.14 222.49
Please note that outliers/non-linearities might occur, however our AI Enabled predictions indicate the softened/smoothed moving direction of the stocks/commodities/World indices/ETFs/Foreign Currencies/Cryptocurrencies.
LONGPrice on upside momentum with strong imbalance level of demand at 193.x in weekly timeframe. Long bias in daily timeframe when pullbacks around 210.
ADBE Significant near term topNow this isn't a good short candidate but it is one tough to add to longs at this point. Profit taking is advised.
ADBE is very parabolic!It's remarkable how parabolic Adobe is. How long can this keep going on?
Is a correction in store? Or can Adobe keep flying to the moon?
THE WEEK AHEAD: ADBE, OIH, XOP, GDXJ, EWZ, VIXWith the VIX dropping hard below 15, some of the juice has poured out of the cup ... . Even so, there remain a few plays in the market.
ADBE announces earnings on the 15th (Thursday) after market close. The volatility metrics don't quite meet my criteria for a volatility contraction play (56/32), but the March 23rd 210/323.5 short strangle is paying 3.80 at the mid with that setup's defined risk counterpart, the 205/210/232.5/237.5 iron condor, paying 1.69, just a smidge over one-third the width of the wings. These are off hours quotes, so neither of these may look as attractive during regular market hours when things tighten up. Nevertheless, worth keeping an eyeball on.
The remainder of earnings announcements on tap for next week either involve poor liquidity underlyings or have implied volatility in the lower half of their 52-week range, making them singularly unattractive for the standard play.
In the exchange-traded fund neck of the woods, OIH and XOP retain fairly decent background implied volatility at 31, as does the junior gold miners fund, GDXJ. My preference is to pull the trigger on these underlyings directionally. With GDXJ, I would like slightly lower (sub-30 would be great). A touch of caution is warranted, however, since there is a bit of divergence between gold spot prices and both GDX and GDXJ, implying that if gold goes lower here (it's got room), the miners will weaken even further, so trade these small in the event that support terms out to be meaningless (i.e., you're dead ass wrong as to direction).
As far as "the Brazilian" (EWZ) is concerned, the April 20th 43/49 (40 days until expiry) short strangle is paying 1.25 at the mid; it isn't hugely compelling, but it's a sub-$50 underlying after all. If you're going to pull the trigger on that setup, however, I'd do it soon, since we're quickly getting outside the 45-day sweet spot.
VIX futures term structure has finally returned to a modest degree of normalcy, with contracts in contango front to back. I'm still waiting for a few UVXY short call verts to pull off here that I put on in the hot and heavy of early Feb, so am going to hand sit until I'm able to quit sweating over those. The forecast, however, is for contango erosion/beta slippage to resume (it already has) in UVXY and VXX, implying that they will continue to pretty much go down from here over time (naturally, in the absence of another pop).
High prices good earningsAdobe has been one of those interesting plays on cloud with making their products exclusively available on subscription based. Effectivly it looks that an 2 years subscription is worth as much as their complete adobe suite. We seen the effect of those changes already and with ever increasing user base (attributed to good positioning for mobile, design and video with newer products). Last reports were nothing but great suprices with 10-12% overachiving. Let's see if adobe can deliver this time again.
Price/Earning ratio seems to be going on the higher side, but still some space to grow. I'm expecting adobe's EBIT to continue going up to ~3.6B and P/E to below 80 to consider good buy.
Good luck and happy trading
