Adobe Does it Again: Heads Up for the 3rd Straight Day

The Hourly View for Adobe

  • At the moment, ADBE’s price is up $1.99 (0.34%) from the hour prior.
  • Adobe has seen its price go up 4 out of the past 5 hours, thus creating some compelling opportunities for bulls.
  • If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe.
  • The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Adobe’s hourly price chart is shown below.

ADBE

The Daily View for Adobe

  • At the time of this writing, ADBE’s price is up $12.77 (2.24%) from the day prior.
  • It’s been a feast for bulls operating on the daily timeframe, as Adobe has now gone up 4 of the past 5 days.
  • Regarding the trend, note that the strongest trend exists on the 50 day timeframe.
  • The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
  • Divergence between ADBE’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in ADBE’s price.

Below is a daily price chart of Adobe.

ADBE

Latest News Discussing ADBE

  • Stocks Dip Then Rip As The Roller Coaster Continues – Michael Kramer
    October 7, 2021

    NA

  • Q3 Earnings Season Gets Underway – Sheraz Mian
    October 6, 2021

    Estimates for 2021 Q3, whose early reports have started coming out, have not moved up as much as had been the case in the comparable periods in the last few quarters. That said…

  • Q3 Earnings Season Gets Underway – Sheraz Mian
    October 6, 2021

    Estimates for 2021 Q3, whose early reports have started coming out, have not moved up as much as had been the case in the comparable periods in the last few quarters. That said…