Technical Analysis for ADBE - Adobe Systems Incorporated

Grade Last Price % Change Price Change
F 513.86 4.35% 21.40
ADBE closed up 4.35 percent on Monday, March 18, 2024, on 1.98 times normal volume.
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Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
Slingshot Bearish Bearish Swing Setup 0.00%
Lower Bollinger Band Touch Weakness 0.00%
Fell Below 20 DMA Bearish 4.35%
Fell Below 200 DMA Bearish 4.35%
MACD Bearish Signal Line Cross Bearish 4.35%
Volume Surge Other 4.35%
Earnings Movers Other 4.35%
Below Lower BB Weakness 4.35%
Down 3 Days in a Row Weakness 4.35%
Gapped Down Weakness 4.35%

   Recent Intraday Alerts

Alert Time
Up 1 ATR about 17 hours ago
60 Minute Opening Range Breakout about 20 hours ago
Up 3% about 20 hours ago
2x Volume Pace about 21 hours ago
1.5x Volume Pace about 21 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 Digital Media Systems Integrator Digital Marketing Printing 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 8 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 8 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 9 months 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 9 months 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 9 months 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 9 months 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 9 months 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 331.91
Average Volume 3,564,411
200-Day Moving Average 550.44
50-Day Moving Average 583.42
20-Day Moving Average 551.05
10-Day Moving Average 548.57
Average True Range 20.37
RSI (14) 37.11
ADX 21.46
+DI 22.00
-DI 44.01
Chandelier Exit (Long, 3 ATRs) 546.20
Chandelier Exit (Short, 3 ATRs) 546.12
Upper Bollinger Bands 591.02
Lower Bollinger Band 511.09
Percent B (%b) 0.03
BandWidth 14.51
MACD Line -13.79
MACD Signal Line -10.93
MACD Histogram -2.8649
Fundamentals Value
Market Cap 232.26 Billion
Num Shares 452 Million
EPS 11.79
Price-to-Earnings (P/E) Ratio 43.58
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) 544.13
Resistance 3 (R3) 541.39 528.56 539.08
Resistance 2 (R2) 528.56 520.85 529.93 537.40
Resistance 1 (R1) 521.21 516.09 524.88 523.95 535.72
Pivot Point 508.38 508.38 510.22 509.75 508.38
Support 1 (S1) 501.03 500.67 504.71 503.77 492.00
Support 2 (S2) 488.20 495.91 489.57 490.32
Support 3 (S3) 480.85 488.20 488.64
Support 4 (S4) 483.59