Adobe Inc (ADBE) Down 0.59%, in an Uptrend Over Past 14 Days; Pin Bar Pattern Appearing on Chart

Adobe Inc 4 Hour Price Update

Updated September 01, 2020 04:32 PM GMT (12:32 PM EST)

ADBE’s price is up $8.24 (1.6%) over the past four hours of trading. To help put that in perspective, note that Adobe Inc’s peers in the in the Business Services industry are up 1.86% on average during this time, while its counterparts in the broader Technology sector are up by an average of 1.24%.

Adobe Inc Daily Price Recap

The back and forth price flow continues for Adobe Inc, which started today off at 513.39 US dollars, down 0.59% ($3.05) from the previous day. The change in price came along side change in volume that was up 19.06% from previous day, but down 6.93% from the Monday of last week. The daily price chart of Adobe Inc below illustrates.

ADBE

Adobe Inc Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 6 out of the past 10 days. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!

Overheard Around the Web

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

    $CRM $300 day today. just onboard from pre-market.

    CRM Beats earnings in great way. Wedbush $300 reach is today. CRM salesforce has greater market than ADBE and near term it reach $500.

    Estimated
    $0.67 per share

    Actual Earnings beat. 3 times beat.
    $1.44 per share

    All FAANG.
    $FB $AAPL $ADBE $NFLX $ADBE $GOOGLmove to CRM Salesforce would be moving horse for a week from now. CRM rocks.

    $CRM would evolve as a true winner today. DOW jones place 1 to 5 it will occupy. $300 it goes today. and near term $500. watch out and dont miss the train.

    stockindepthanalysis