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Advanced TA SearchArchive - 4/19/2024 - Sign In to see current Signals. |
Adobe Systems (ADBE) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was the negative week for the Adobe Systems (ADBE). During the week, the ADBE dropped -9.07 points, or -1.91%, and closed at 465.02 on Friday, April 19, 2024. Weekly volume was -16% below average. Long-term trend: [See ADBE long-term trend chart] A long-term uptrend had started on September 27, 2022 at 274.73 and reached 638.25 on February 2, 2024. ADBE gained -363.52 points, or -132.32%, in 70 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (636.01) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. ADBE may retest the broken support line. It is considered to be a resistance line now. 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 support in a long-term trend. Medium-term trend: [See ADBE medium-term trend chart] A medium-term downtrend had started on February 2, 2024 at 638.25 and reached 463.09 on April 19, 2024. ADBE lost 175.16 points, or 27.44%, in 11 weeks. Price is near the trend low. Weekly Technical Indicators: [See ADBE weekly technical indicators chart] Weekly Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range and 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 links to access Lane's Stochastic and Williams' Percentage Range help. The weekly MACD line is below its signal line since December 22, 2023. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend is strong. 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 March 13, 2024 at 585.35 and reached 463.09 on April 19, 2024. ADBE lost 122.26 points, or 20.89%, in 37 days. Price is near the trend low. Daily Technical Indicators: [See ADBE daily technical indicators chart] Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Lane's Stochastic. Daily Lane's Stochastic has bullish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. The daily MACD line is above its signal line since April 15, 2024. The distance between MACD and the signal line is low, but getting bigger. The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. 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.
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