A Long Way DownLooks like we have a long way to go before the next notable resistance. Can sell calls or buy puts depending on speed, on a pullback.
Major support at 384, soft support at 412.
ADBE trade ideas
$ADBEI have tracked hundreds of stocks for chart patterns.
One pattern that i have identified and love to play, is the daily consolidation pattern.
From data I have collected, approximately 14-21 days following daily consolidation, there will be a small rally in the stock.
The plan on this one has many options. Can buy common shares and sell after the rally ends. Can purchase a call option with expiration after estimated rally date (dec 4-11th).
The plan I will be following is watch for entry and take a call position no later than 11/25 (end of day) with expiration in late dec or early Jan
ADBE Long potential on a retest - $ADBE $SPY $QQQ $SKYY $XLK ADBE seems to be consolidating here at the highs. should it come into 448-452 area and hold there it is a decent setup for a swing long for an earnings run up coming in December.
Good opportunity for long Swing Good swing opportunity rise in Adobe stock. The price is below its Fair value by around 52$. It will be nice for swing trade from its position right now until it hit its fair value.
ADBE Gap Fill ReversalADBE previously had a gap in its daily chart. Over the last day it has filled that gap. Now that the gap is filled, i expect a reversal back to the gap up level
Adobe said it will acquire Workfront for $1.5 billionJust an idea about ADBE - Entry point - 463, the potential rise 10% within next month.
ADBE, MACD Histogram just turned positiveThis is a Bullish indicator signaling ADBE's price could rise from here. Traders may explore going long the stock or buying call options. Tickeron A.I. dvisor identified 51 similar cases where ADBE's MACD histogram became positive, and 36 of them led to successful outcomes. Odds of Success: 71%. Current price $487.08 crossed the resistance line at $485.91 and is trading between $499.51 support and $485.91 resistance lines. Throughout the month of 10/07/20 - 11/06/20, the price experienced a +0.30% Uptrend. During the week of 10/30/20 - 11/06/20, the stock enjoyed a +11% Uptrend growth.
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where ADBE's RSI Oscillator exited the oversold zone, 6 of 12 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 50%.
The Momentum Indicator moved above the 0 level on November 05, 2020. You may want to consider a long position or call options on ADBE as a result. Tickeron A.I. detected that in 59 of 88 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 67%.
The Moving Average Convergence Divergence (MACD) for ADBE just turned positive on November 06, 2020. Looking at past instances where ADBE's MACD turned positive, the stock continued to rise, Tickeron A.I. shows that in 36 of 51 cases over the following month. The odds of a continued upward trend are 71%.
Following a +9.35% 3-day Advance, the price is estimated to grow further. Considering data from situations where ADBE advanced for three days, Tickeron A.I. shows that in 253 of 358 cases, the price rose further within the following month. The odds of a continued upward trend are 71%.
ADBE may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. Tickeron A.I. detected that in 320 of 439 cases where ADBE Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 73%.
ADBE - Elliottwave analysis - ABC zigzag patternADBE - It has completed impulse wave A up in last up move and correcting in B wave, which may go down up to 478.10-465 zone, which would be good buy zone after the impulse in smaller time frame say 5 min will confirm the up move. The C wave may go up to 520 or higher. So keep the eye on next B wave correction.
Give thumbs up if you really like the trade idea.
ADBE - Short Term PressureNASDAQ:ADBE
Although fundamentally strong ADBE has recently come under selling pressure despite of what I believe to be strong fundamentals of the stock. However the 2020 rebound rally might have led the stock too far too quick and its time for a bit of a breather.
Two broken triangle/wedge formation on the downside and a strongly negative MACD suggest pressure isn‘t likely to ease just now and we might see a test of the 200 EMA around $420
Technicals
Strongly negative MACD
Two broken traingle/wedge formations within the last weeks
Formation of a bearish channel
Negative day volume > positive day volume for past two weeks
No real support levels in sight appart from the 200 EMA which is around $420
A point could be made for a negative Elliot Wave pattern, however my experience in Wave-Theory is to limited for practical use as of now.
Thus I will short the stock around current levels with a tight stop-loss to increased vol. around US elections.
Sell Limit $445
Stop Loss $450
Take Profit $420
R/R ratio 5:1
In the long run I am still positive on ADBE and will seek to buy the stock at lower levels once a trend reversal starts building.
Any comments, suggestions and discussions are welcome!
***The above is an expression of my personal view and should not be considered investment advice. If you trade, always remember, risk management is key***
ADBE Update of November 05Tech Stocks are bouncing.
ADBE As well.
But is this a new impulse wave ?! Even on lower time frames the first 1-2 was lost or was very easy (as theory may teach) but I'd be aware of this behaviour.
Any new LONG position shouldn't be taken now (if you did not hop in at the lows), until a more clear setup will show up.
HOLD ON !
$ADBE breaking down Ticker: $ADBE Daily Chart
- This is another one with a bearish outlook, breaking out of its triangle to the downside
- First level of support is 450, if we hold watch for a retest of triangle
- Should we lose 450, we could see 416
$ADBE - cup and handle formationAdobe lining up for a small rally?
ATR is settling
Stochastic has room to grow
Histogram and MACD are aligned nicely
ADOBE - Bullish To $600 ?Morgan Stanley says another 10% correction is needed before bull market can resume
Consolidation taking place...Adobe is in an uptrend. And since the summer we have seen consolidation taking place for the stock.
Now there has been an upward breakout with some consolidation right after that. We see that as a back test. We therefore expect higher prices.
$ 520 is our first price target for Adobe.
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over 525over the top trendline we can see a new 52w high imo, id sit on my hands until confirmation here
ADBE supported by 20 day averageNASDAQ:ADBE was supported by the 20 day average yesterday, momentum (ADX) is low, +DI is positive, RSI is neutral. Above there is a triangle, if it breaks the resistance we see a nice long setup
