Adobe (ADBE) Price Near $485.93; Moves Down For the 2nd Consecutive Day

The Hourly View for ADBE

Last Updated September 14, 2020, 23:14 GMT

Currently, ADBE’s price is up $8.61 (1.83%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as ADBE has now gone up 8 of the past 10 hours. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 50 hour moving average has been crossed, so that price is now turning above it. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50 and 100 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Adobe Inc Daily Price Recap

Adobe Inc came into today down 1.03% ($4.91) from the open of yesterday, marking the 2nd consecutive day a decline has happened. The price move occurred on stronger volume; specifically, yesterday’s volume was up 3.91% from the day prior, and up 89.42% from the same day the week before. Let’s take a look at the daily price chart of Adobe Inc.

ADBE

Adobe Inc Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. For additional context, note that price has gone down 6 out of the past 10 days.

Overheard Around the Web

Here’s what one trader on StockTwits recently had to say in regards to ADBE:

    $ADBE …𝐄arnings 𝐏lays this 𝐖eek… to 𝐖atch for 𝐁eats… πŸ‘ˆπŸ“… πŸ‘€πŸ‘€πŸ˜‰πŸš€πŸš€πŸš€πŸ’ŽπŸ’ŽπŸš€πŸš€πŸ‘ŒπŸ”₯πŸ”₯

    𝐀𝐃𝐁𝐄 ↑ 485.91 [+14.56] 𝐀h: +1.09 πŸ“… 𝐓ue 09/15/2020 βœ”
    𝐅𝐃𝐗 ↑ 236.34 [+3.55] 𝐀h: +2.06 πŸ“… 𝐓ue 09/15/2020 βœ”
    𝐃𝐀𝐕𝐀 ↑ 55.18 [+2.15] 𝐀h: +0.57 πŸ“… 𝐓ue 09/15/2020 βœ”
    π‡πŒπ˜ ↑ 6.19 [+0.19] 𝐀h: +0.03 πŸ“… 𝐓ue 09/15/2020 βœ”
    π‚π‹πˆπ‘ ↑ 2.33 [+0.04] 𝐀h: +0.02 πŸ“… 𝐓ue 09/15/2020 βœ”
    𝐂𝐁𝐑𝐋 ↑ 138.1 [+1.31] 𝐀h: +0.77 πŸ“… 𝐓ue 09/15/2020 βœ”
    πŒπŽπ‡πŽ ↑ 1.64 [+0.03] 𝐀h: 0.00 πŸ“… 𝐓ue 09/15/2020 βœ”
    𝐅𝐑𝐀𝐍 ↑ 5.07 [+0.37] 𝐀h: +0.10 πŸ“… 𝐓ue 09/15/2020 βœ”
    πŒπ‹π‡π‘ ↑ 24.51 [+1.82] 𝐀h: +0.09 πŸ“… 𝐖ed 09/16/2020 βœ”
    𝐁𝐑𝐂 ↑ 45.86 [+0.52] 𝐀h: 0.00 πŸ“… 𝐖ed 09/16/2020 βœ”
    π‚πŒπƒ ↑ 50.27 [+1.15] 𝐀h: 0.00 πŸ“… 𝐓hu 09/17/2020 βœ”
    π€π…πˆπ ↑ 34.76 [+0.52] 𝐀h: 0.00 πŸ“… 𝐓hu 09/17/1970 βœ”
    π€ππŽπ† ↑ 19.81 [+0.32] 𝐀h: 0.00 πŸ“… 𝐓hu 09/17/2020 βœ”
    𝐄𝐀𝐑𝐒 ↑ 0.81 [+0.03] 𝐀h: +0.01 πŸ“… 𝐓hu 09/17/2020 βœ”

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