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ADOBE SYSTEMS INC

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ADBE trade ideas

ADBE and the power of Fibs with AVWAP!NASDAQ:ADBE recently retraced to support at the 0.786 fib from the move to the February high and then gapped up today on a positive earnings. This likely to begin a 5th wave up that could take months to play out, similar to what we saw in 2021. We can see several instances of it respecting key levels from 2021 fib retrace in the first two waves up in the recovery from the 2022 low. I plan to participate in this move but will place an AVWAP on earnings and buy the first retest of it. Why wait for that AVWAP? Notice that the purple AVWAP on the 06/08/23 candle, which was the last time that it touched the 430 0.786 level prior to gaping up into wave 3. This AVWAP acted as support multiple times in 2023 before going on to the February 2024 high. When ADBE broke down in February it retested this AVWAP before failing and retracing all the way back to the 430 0.786. This mornings opening gap ran to that AVWAP and hit resistance. We're likely to see price test the green AVWAP from the February high before challenging and crossing the purple and proceeding.
NASDAQ:ADBELong
by Ben_1148x2
ADBE and the power of Fibs with AVWAP!NASDAQ:ADBE recently retraced to support at the 0.786 fib from the move to the February high and then gapped up today on a positive earnings. This likely to begin a 5th wave up that could take months to play out, similar to what we saw in 2021. We can see several instances of it respecting key levels from 2021 fib retrace in the first two waves up in the recovery from the 2022 low. I plan to participate in this move but will place an AVWAP on earnings and buy the first retest of it. Why wait for that AVWAP? Notice that the purple AVWAP on the 06/08/23 candle, which was the last time that it touched the 430 0.786 level prior to gaping up into wave 3. This AVWAP acted as support multiple times in 2023 before going on to the February 2024 high. When ADBE broke down in February it retested this AVWAP before failing and retracing all the way back to the 430 0.786. This mornings opening gap ran to that AVWAP and hit resistance. We're likely to see price test the green AVWAP from the February high before challenging and crossing the purple and proceeding.
NASDAQ:ADBELong
by Ben_1148x2
ADBE and the power of Fibs with AVWAP!NASDAQ:ADBE recently retraced to support at the 0.786 fib from the move to the February high and then gapped up today on a positive earnings. This likely to begin a 5th wave up that could take months to play out, similar to what we saw in 2021. We can see several instances of it respecting key levels from 2021 fib retrace in the first two waves up in the recovery from the 2022 low. I plan to participate in this move but will place an AVWAP on earnings and buy the first retest of it. Why wait for that AVWAP? Notice that the purple AVWAP on the 06/08/23 candle, which was the last time that it touched the 430 0.786 level prior to gaping up into wave 3. This AVWAP acted as support multiple times in 2023 before going on to the February 2024 high. When ADBE broke down in February it retested this AVWAP before failing and retracing all the way back to the 430 0.786. This mornings opening gap ran to that AVWAP and hit resistance. We're likely to see price test the green AVWAP from the February high before challenging and crossing the purple and proceeding.
NASDAQ:ADBELong
by Ben_1148x2
6/13/24 - $ADBE - Too risky to neck out this EPS = sidelined6/13/24 :: VROCKSTAR :: NASDAQ:ADBE purely looking at the #s, this stock should post decent result and maybe see a 5-10% bump. that's in a bubble world where you ignore all the nuances that make this game so difficult. it's one of the "cheaper" larger techs (200 bn) that can throw off 7 bn in FCF which puts yield at 3.5% and in the context of growth/ a sticky product makes it "better than cash". 25x EPS that's growing 10-15% - that's fine - not great - and all else equal still on the pricy side outside of a massive beat (which would reset a lot of things and having this barreling up 20+% - i think a low probability - but worth pointing out). the downside here, though, is the recent change to policy that seems to have users up in arms about Adobe taking control of content you publish to their cloud to train their AI. i bet they could do so much with all this data which is why they're land grabbing for it - but people - especially the core customer base is PISSED. i'd be too. so they're clearly playing catch up in the AI space (which btw is the main reason the last EPS was received so poorly) and if they're going to fight a tough battle on content to keep accelerating this effort... hrm. i'd guess this could weigh on willingness to keep buy/owning a beat and should the results fall in-line and the conf call reflect this key concern... stock is down and we test that $440 level very quickly. all in - if i didn't own it (which i don't) i don't feel the need to play this one. it's software (which generally has no bid - and AI being the culprit - in this case it's at the forefront of concerns). it's not dirt cheap and it's not expensive but growing like a weed. it's sort of in no man's land. i'm planning to buy the dip if it's an outsized >10% or better 15% (which i think is probably lower probability given the co's healthy cash generation golden goose product), and i wouldn't chase upside. if you're holding for the MT... this spot is just fine. you might weather some volatility but overall it's a great leader in it's domain that probably figures things out (which might just involve an apology lol - easier said than done - but still easy). hope it helps V PS - here's what i wrote to myself post last EPS when i considered buying it, for context. 3/15/24 - tough one on this 4Q result which was "solid" but not a big beat + AI concerns that will chip away the interest of the incremental non-flows-based buyer for an outperformance ST. Probably not excess returns until we see another Q - stock not cheap also but does yield about 2.5%-3% FCF at current rates - though if this is a MT/LT concern to AI today, you'll struggle to make this below 2.5%... so stock should still trend to ATH eventually all else equal, but need a better entry, ideally on a macro-related dump that drags it decisively below ST current value. the issue here is a down stock on a goodish print will be the first to be sold, later to be bought on a macro/beta-style dump so just keep an eye out and probably sub $450 closer to $400 ideal to own
NASDAQ:ADBE
by VROCKSTAR
Adobe's Support rejection observed at $432.44 13.06.2024- Support rejection observed at $432.44 on Adobe's 4-hour chart (NASDAQ: ADBE). - If rejection holds: - Potential upside target: $476.82. - Break above $476.82 could lead to further upside to $511.67. - Further breakout above $511.67 suggests potential for continued upward movement. - Alternatively, if rejection fails: - Downside target: $376.03. - Break below $376.03 may lead to further decline towards $304.27. Apply Risk Management Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles. Payment transactions are managed by BDS Markets (Registration number: 143350) Disclaimer
NASDAQ:ADBELong
by Stuart_Cowell
Adobe (ADBE): Earnings Report to Trigger Major Move?With Adobe's earnings report due tomorrow, we have analyzed the weekly chart to get a clearer picture. We started our count in November 2018, identifying the sub-waves 1 and 2 leading up to the primary Wave (1). This Wave (1), like the preceding sub-waves, experienced a very rapid sell-off. Such quick declines are unusual for Wave 2s, but in this chart, it repeats frequently, confirming our interpretation despite being atypical. We have now identified the sub-wave 1 of the overarching Wave (3). This range and its midpoint have been well respected, and we are currently at the midpoint. Two scenarios could unfold: • Negative Earnings Report : If the earnings report disappoints, the price could fall into the Weekly Order Block Cluster around the 78.6% Fibonacci retracement level, approximately $350. This would likely result in a significant pullback within the range. • Positive Earnings Report : If the earnings report is strong, the price could shoot up, creating a breakout gap. After this initial surge, we might see a retrace back towards the midpoint of the range before continuing upwards to potentially make a new high above $700. Given the uncertainty, we are not placing any entries at this time. We will wait to see how the earnings report affects the price action and then consider potential positions based on the developments.
NASDAQ:ADBELong
by freeguy_by_wmc
1
Ichimoku Watch: Adobe in the SpotlightUpcoming Earnings: Adobe Inc. (ticker: ADBE) is scheduled to report earnings after the market closes on 13 June. The consensus EPS estimate for the fiscal quarter ending May 2024 is $3.54. The reported EPS for the same quarter a year prior was $3.04. Kumo Cloud Demanding Attention According to the Ichimoku Indicator, an Ichimoku Cloud resistance is present nearby, formed between the Leading Span A at $459 and the Leading Span B at $470. What is likely to drive interest in this area, apart from the downtrend that has been underway since price action formed a double-top pattern at $634 earlier this year, is the two converging ascending and descending lines to indicate resistance (these are not technically trendlines), which merge at $482. Price Direction? Technical analysts have quite a simple chart to work with ahead of tomorrow’s earnings. The combination of a downtrend, the ascending/descending lines offering resistance, and the downtrend is perhaps enough technical evidence to draw in seller interest if the Ichimoku Cloud is challenged.
NASDAQ:ADBEShort
by FPMarkets
Is ADBE overvalued?I ran a DCF model using exponentially smoothed revenue forecasts to fit the future growth rate characteristics of a mature growth company like ADBE. My Cost of Equity was calculated with CAPM using Prof. Damodaran's cash yield ERP (6.01%) and my terminal value was calculated with 2047 price-to-sales of 20 for my bull case, 15 for my base case, and 10 for my bear case. My PTs are $436.24 for my bull case, $381.53 for my base case, and $326.82 for my bear case.
NASDAQ:ADBEShort
by dickzhones
1
Adobe, a beast hiding in plain sight! Adobe Inc. (ADBE) on the 1-hour chart illustrates a recent decline from a swing high, followed by a recovery forming a harmonic pattern labeled with points A, B, C, D, and E. Key Fibonacci retracement levels are highlighted, including the 0.618 level at 455.67 and the 0.5 level at 451.53, along with Fibonacci extension levels at 1 (469.07) and 1.23 (477.14). The chart features a Volume Weighted Average Price (VWAP) line from the previous month's swing high, which may act as a dynamic resistance around the 469.07 level. Volume analysis reveals lower recent activity compared to previous spikes, indicating a possible consolidation phase. The RSI (Relative Strength Index) currently reads around 53.78, suggesting neutral to slightly bullish momentum. Key support levels are identified at 433.97, with resistance levels at 469.07 and 477.14. The harmonic pattern suggests a potential bullish scenario if the price moves beyond 469.07 towards 477.14, while the downside risk includes a possible drop to support levels at 455.67 or 451.53 if the price fails to sustain current levels.
NASDAQ:ADBE
by MysticMads
ADOBE: What is the stock doing before the Q2 earnings Adobe's stock price has been declining over the past month, currently trading below its 50, 100, and 200-day moving averages, with the chart drawing a "death cross" pattern around mid-April, which further confirms the bearish sentiment. The stock now trades at a 25% discount compared to the highs earlier this year. The Volume Oscillator currently stands at 1.3%, suggesting some buying interest remains, but it's weakening compared to recent trading volume. This could signal a potential reversal, but the downtrend remains strong, with the neutral RSI not suggesting any bullish reversal either. Next week's Q2 earnings announcement could be a significant catalyst for Adobe. Positive earnings could potentially reverse the current downtrend, but the recent controversy surrounding Adobe's terms and conditions update could weigh on investor sentiment. The T&Cs update has sparked concerns among users, particularly creatives worried about their creations being used to train AI models, and professionals concerned about the privacy of their data. This could potentially impact Adobe's reputation and customer base, particularly since Adobe remains relatively silent on the issue. This uncertainty adds another layer of risk to the stock in the near term.
NASDAQ:ADBEShort
by WHSelfInvest
bottom fishing $ADBE with 500c exp 06.21 1. **Lightroom Introduces Adobe Firefly:** Lightroom now features the power of Adobe Firefly with an all-new "Generative Remove" tool. With a single click, distractions disappear, providing high-quality results in seconds. Additionally, AI-powered Lens Blur and Lens Blur adaptive presets enhance background blur. 2. **Adobe's $25 Billion Stock Repurchase Program:** Adobe's board of directors approved a new stock repurchase authorization, allowing the company to buy back up to $25 billion in common stock through March 14, 2028. 3. **AI Innovations at Adobe Summit 2024:** Adobe unveiled a suite of AI features for marketers, CX teams, content creators, and designers. These innovations leverage generative AI and real-time insights across Adobe Experience Cloud and Adobe Creative Cloud. 4. **Adobe's Vision for Customer Experience Management (CXM):** Adobe outlined its vision for brands to deliver one-to-one personalization at scale. This involves integrating customer data, content, and journeys using generative AI and real-time insights.
NASDAQ:ADBELong
by KhanhC.Hoang
Is ADBE Stock Undervalued?Is ADBE Stock Undervalued? The stock chart for Adobe Systems shows that on May 31, 2024, the price fell below $440 – for the first time since June 2023. This drop was partly due to increased competition from Canva, which released updated tools. However, in early June, the decline did not continue, suggesting that ADBE stock is consolidating around a multi-month low. Since the beginning of the year, ADBE has decreased by approximately 23%, while the NASDAQ index (US Tech 100 mini on FXOpen) has increased by more than 12%. Is this indicative of serious problems for the company or is the stock undervalued? A significant amount of information will come from Adobe Systems' earnings report, which will be released on June 13, 2024. According to Yahoo Finance. The company's earnings per share are forecasted to be $4.38, representing a 12.02% increase compared to the same quarter last year. Revenue is forecasted at $5.28 billion, a 9.65% increase compared to the same quarter last year. It is noteworthy that since December 2018, Adobe has consistently exceeded expectations (though this has not always led to a rise in the stock price). According to TipRanks, the average price target for ADBE stock is $624.83 over the next 12 months, indicating a potential upside of +39.36% from current levels – suggesting that most analysts do not believe the company has deep internal issues, as otherwise they would not be forecasting such price growth. Technical analysis of ADBE’s daily chart shows that the price action is forming an uptrend (indicated in blue). The price is near the lower boundary of this trend, and: → The current price is near the 50% retracement level of the A→B growth wave; → The current price has closed last year’s bullish gap. Therefore, the release of the earnings report on June 13 could be a catalyst that helps bulls resume the uptrend and push the price towards the levels indicated by analysts. Buy and sell stocks of the world's biggest publicly-listed companies with CFDs on FXOpen’s trading platform. Open your FXOpen account now or learn more about trading share CFDs with FXOpen. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
NASDAQ:ADBE
by FXOpen
1
📈💼 Adobe (ADBE) Analysis 🖥️🚀Revenue Evolution: Adobe's NASDAQ:ADBE transition to subscription-based revenue has been a key driver of its growth and profitability, with subscriptions dominating recent sales. This adaptability has been crucial during the pandemic and subsequent rebound, showcasing its resilience and ability to capitalize on emerging trends like AI. Market Sentiment and Correction: A correction in Adobe's stock price in 2024, influenced by the AI bubble and profit-taking, reflects market sentiment. Analysts suggest this correction may have been an overreaction, potentially leading to overselling. Despite adjustments to price targets, significant upside potential is still anticipated, with consensus targets implying a 30% increase from current levels. Long-Term Outlook: Considering global industry trends, including the receding AI bubble, Adobe's diversified portfolio and ongoing innovation in digital content creation position it favorably for sustained growth. 📊💡 Stay informed about industry trends and monitor Adobe's performance for investment decisions! #Adobe #StockAnalysis 📉📈
NASDAQ:ADBELong
by Richtv_official