The Greedy Trader Weekly Analysis
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Uptrend Exhaustion
Uptrend Exhaustion stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Stock market alert is a warning signal. Uptrend Exhaustion alert indicates that long term uptrend is exhausted and probability of long term trend reversal is high. Uptrend exhaustion stock market alert presents relatively low to medium risk - high reword stock pick for overvalued stocks.

The strategy is based on selling (or taking a short) position on anticipation of uptrend reversal.
Stock trend chart following long term trend analysis and trend following indicator.
trend following,stock trend chart,trend following indicator,following long term trend

Adobe Systems (ADBE)

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Summary:
Weekly :Overbought sectorRelative Strength Index and Lane's Stochastic are overboughtWilliams' Percentage Range is strongly overboughtBroken trend resistance line
Daily :The price is close to the moving average in the center of the Bollinger BandsThe Bollinger Bands are historically close together
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It was the negative week for the Adobe Systems (ADBE). During the week, the ADBE gave back -4.46 points, or -0.68%, and closed at 654.48 on Friday, September 17, 2021. ADBE was trading at average weekly trading volume.

ADBE is a member of Information Technology Sector. Information Technology is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See ADBE long-term trend chart]
A long-term uptrend had started on February 27, 2009 at 15.70 and reached 673.88 on September 3, 2021. ADBE gained -658.18 points, or -4192.23%, in 653 weeks. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern. The uptrend resistance line (57.77) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See ADBE medium-term trend chart]
A medium-term uptrend had started on March 8, 2021 at 420.78 and reached 673.88 on September 3, 2021. ADBE gained -253.10 points, or -60.15%, in 25 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 563.94 and resistance is at 687.51. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See ADBE weekly technical indicators chart]
Weekly Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since May 21, 2021. 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 uptrend had started on May 11, 2021 at 468.50 and reached 673.88 on September 3, 2021. ADBE gained -205.38 points, or -43.84%, in 115 days. The chart has formed a Broadening Ascending Wedge chart pattern.

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

The daily MACD line is below its signal line since September 3, 2021.

The price is close to the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands (4.05%) is close to one year low (4.81%). It is 64.17% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.16
Williams' Percentage Range (W%R) 27.30
Lane's Stochastic (%D-Slow) 42.88
Greed/Fear Indicator (GFI) 54.24
Moving Average Converg./Diverg. (MACD) 8.97
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 88.80
Overbought
Williams' Percentage Range (W%R) 5.20
Strong Overbought
Lane's Stochastic (%D-Slow) 89.28
Overbought
Greed/Fear Indicator (GFI) 83.07
Overbought
Moving Average Converg./Diverg. (MACD) 38.98
Trading Signals
Description Value Chart
Weekly Trendline Resistance 687.51
Upper Bollinger Band 666.58
Weekly Stochastic Crossing 666.10
Parabolic System 665.52
20 Day Moving Average 658.60
Daily Stochastic Crossing 654.54
Price 654.48
Lower Bollinger Band 640.09
50 Day Moving Average 635.86
Weekly Trendline Support 563.94
Sector and Industry
Description Name Rank
Sector Information Technology 9
Industry Application Software 113
Daily Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Low 468.50
Low Date 05/11/2021
High 673.88
High Date 09/03/2021
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 687.51
Support 563.94
Low 420.78
Low Date 03/08/2021
High 673.88
High Date 09/03/2021
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 204.95
Low Date 12/24/2018
High 673.88
High Date 09/03/2021
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 22.67
Low Date 08/11/2011
High 673.88
High Date 09/03/2021
Description Value
Direction Up
Chart Pattern Broadening Right-Angled, Ascending Wedge
Status Broken Resistance
Resistance 361.68
Support 57.77
Low 15.70
Low Date 02/27/2009
High 673.88
High Date 09/03/2021
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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