Technical Analysis for ADBE - Adobe Systems Incorporated

Grade Last Price % Change Price Change
C 518.74 -1.25% -6.57
ADBE closed down 1.25 percent on Monday, June 17, 2024, on 2.12 times normal volume.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Up Up

Date Alert Name Type % Chg
MACD Bullish Centerline Cross Bullish 0.00%
Slingshot Bullish Bullish Swing Setup 0.00%
Calm After Storm Range Contraction 0.00%
Above Upper BB Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%
Gilligan's Island Sell Setup Bearish Swing Setup -1.25%
Crossed Above 20 DMA Bullish -1.25%
Crossed Above 50 DMA Bullish -1.25%
Pocket Pivot Bullish Swing Setup -1.25%
Volume Surge Other -1.25%

   Recent Intraday Alerts

Alert Time
Down 1 ATR about 8 hours ago
Down 3% about 8 hours ago
60 Minute Opening Range Breakdown about 8 hours ago
2x Volume Pace about 9 hours ago
1.5x Volume Pace about 9 hours ago

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Adobe Systems Incorporated Description

Adobe Systems Incorporated operates as a diversified software company worldwide. The company operates in three segments: Digital Media, Digital Marketing, and Print and Publishing. The Digital Media segment provides tools and solutions that enable individuals, small businesses, and enterprises to create, publish, promote, and monetize their digital content anywhere. Its flagship product includes Adobe Creative Cloud, which is an ongoing membership service that lets customers to download and install the latest version of the company's Adobe Creative Suite desktop products and other creative software. This segment serves traditional content creators, Web application developers, and digital media professionals, as well as their management in marketing departments and agencies, companies, and publishers. The Digital Marketing segment provides solutions and services for how digital advertising and marketing are created, managed, executed, measured, and optimized. This segment provides analytics, social, targeting, media optimization, and experience management solutions through its Adobe Marketing Cloud, which helps to manage and optimize online, offline, digital, and multi-channel business initiatives. Its customers include digital marketers, advertisers, publishers, merchandisers, Web analysts, chief marketing officers, and chief revenue officers. The Print and Publishing segment provides products and services that address diverse market opportunities, including eLearning solutions, technical document publishing, Web application development, and high-end printing. It offers Adobe PostScript and Adobe PDF printing technologies; and licenses its technology to original equipment manufacturers (OEMs). The company distributes its products through a network of distributors, value-added resellers, systems integrators, independent software vendors, retailers, and OEMs. Adobe Systems Incorporated was founded in 1982 and is headquartered in San Jose, California.


Classification

Sector: Technology
Industry: Software - Application
Keywords: S&P 500 Nasdaq 100 Software Systems Integrator Digital Media Printing Digital Marketing Work From Home Application Software Web Application Digital Advertising Software Vendors Content Management Systems Application Developers Pdf Experience Management Solutions Printing Technologies Web Application Development

Is ADBE a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Comments

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SensitiveApe144 11 months ago

Investors.com had a long article yesterday discussing Generative AI  (https://www.investors.com/news/generative-ai-to-unleash-roaring-20s-productivity-boom-and-bull-market/)

I subscribed last year to an analytical service supposedly based on neural networks AI and claiming 85% accuracy.  I lost money over 12 months and did not renew.  To me, the claim of 'neural network' AI is equivalent to "Black Box", i.e., 'Trust me', but that's not Generative AI.

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TraderMike 11 months ago

Thanks for the IBD article.  I miss my old IBD subscription...

Yeah, if someone had a AI that could make money consistently I think they'd keep it to themselves and become a trillionaire having it trade for them.

1 Reply
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SwingScalp about 1 year ago

I was major account manager on several of the largest scale decision-support systems sold/produced in the world based on AI in the late 1980's and early 1990's.  It is really funny that people think AI is something new.  It has been in every major decision-support application for Defense, Industrial, Enterprise, etc. for over 30 years.  The company I worked for blended adaptive neural networks, knowledge-based expert systems with some really powerful non-AI tools such as OR.

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SwingScalp about 1 year ago

I suppose the "generative AI" is something new.  And that's what is generating (no pun intended) all the buzz and hype.

0 Reply
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SwingScalp about 1 year ago

Good thing I closed my short a while back.  Been really strong in its uptrend since then.  I guess they're a real player in "generative AI" so maybe I should go long instead?

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TraderMike about 1 year ago

Indeed... I see they raised guidance today. 

But I still think too many companies are hyping their AI-ness.  I saw this the other day on Twitter, which took me back to the dot-com bubble:

ai_headlines.jpeg 38.6 KB
The hard part, of course, is timing the peak

1 Reply
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TraderMike about 1 year ago

I should add that many would define that graph as a chart crime because the two axes are different!  Nonetheless, I think the spike in AI headlines all of a sudden is questionable.  I'm also really surprised by the spike in 2001.  I guess that's when everyone was hyping their "machine learning"

2 Reply

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Indicators

Indicator Value
52 Week High 638.25
52 Week Low 433.97
Average Volume 3,374,184
200-Day Moving Average 544.15
50-Day Moving Average 475.50
20-Day Moving Average 470.40
10-Day Moving Average 471.30
Average True Range 16.33
RSI (14) 67.85
ADX 22.89
+DI 41.97
-DI 23.76
Chandelier Exit (Long, 3 ATRs) 485.46
Chandelier Exit (Short, 3 ATRs) 482.96
Upper Bollinger Bands 514.47
Lower Bollinger Band 426.32
Percent B (%b) 1.05
BandWidth 18.74
MACD Line 3.06
MACD Signal Line -4.01
MACD Histogram 7.0729
Fundamentals Value
Market Cap 234.47 Billion
Num Shares 452 Million
EPS 11.79
Price-to-Earnings (P/E) Ratio 44.00
Price-to-Sales 14.61
Price-to-Book 17.16
PEG Ratio 2.33
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 549.58
Resistance 3 (R3) 548.55 537.25 544.44
Resistance 2 (R2) 537.25 529.39 537.76 542.73
Resistance 1 (R1) 527.99 524.54 522.34 529.02 541.01
Pivot Point 516.69 516.69 513.86 517.20 516.69
Support 1 (S1) 507.43 508.83 501.78 508.46 496.47
Support 2 (S2) 496.13 503.98 496.64 494.75
Support 3 (S3) 486.87 496.13 493.04
Support 4 (S4) 487.90