The Greedy Trader Weekly Analysis
Sign In May 17, 2019
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Number of records: 8
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Adobe Systems
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Summary:
Weekly :Lane's Stochastic is overbought
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARPrice is near the Fibonacci 38.2% retracement level
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It was the negative week for the Adobe Systems (ADBE). During the week, the ADBE dropped -7.10 points, or -2.49%, and closed at 278.48 on Friday, May 10, 2019. It was the worst weekly loss since March 8, 2019. Weekly volume was -33% below average.

Long-term trend: [See ADBE long-term trend chart]
A long-term uptrend had started on August 11, 2011 at 22.67 and reached 291.71 on April 29, 2019. ADBE gained -269.04 points, or -1186.77%, in 402 weeks. Price is near the trend high.

Medium-term trend: [See ADBE medium-term trend chart]
A medium-term uptrend had started on December 24, 2018 at 204.95 and reached 291.71 on April 29, 2019. ADBE gained -86.76 points, or -42.33%, in 18 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 273.50 and resistance is at 288.31. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See ADBE weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.

The weekly MACD line is above its signal line since February 1, 2019. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See ADBE short-term trend chart]
A short-term downtrend had started on April 29, 2019 at 291.71 and reached 270.32 on May 10, 2019. ADBE lost 21.39 points, or 7.33%, in 11 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See ADBE daily technical indicators chart]
Daily technical indicators are neutral.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.13
Williams' Percentage Range (W%R) 72.30
Lane's Stochastic (%D-Slow) 30.58
Greed/Fear Indicator (GFI) 38.12
Moving Average Converg./Diverg. (MACD) 3.92
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 73.03
Williams' Percentage Range (W%R) 20.90
Lane's Stochastic (%D-Slow) 83.34
Overbought
Greed/Fear Indicator (GFI) 72.96
Moving Average Converg./Diverg. (MACD) 6.64
Trading Signals
Description Value Chart
Monthly Trendline Resistance 288.31
Upper Bollinger Band 288.31
Parabolic System 287.85
Weekly Stochastic Crossing 285.13
Price 278.48
20 Day Moving Average 277.85
Daily Stochastic Crossing 275.46
Monthly Trendline Support 273.50
50 Day Moving Average 269.41
Lower Bollinger Band 266.05
Sector and Industry
Description Name Rank
Sector Technology 4
Industry Application Software 127
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 286.32
High Date 05/03/2019
Low 270.32
Low Date 05/10/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 291.71
High Date 04/29/2019
Low 270.32
Low Date 05/10/2019
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 288.31
Support 273.50
Low 204.95
Low Date 12/24/2018
High 291.71
High Date 04/29/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 22.67
Low Date 08/11/2011
High 291.71
High Date 04/29/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 15.70
Low Date 02/27/2009
High 291.71
High Date 04/29/2019
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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