Adobe Inc (ADBE) Up 1.59%; Crosses 20 Day Moving Average
This is a reversal of the price action on the previous hour, in which price moved up.
ADBE
(Last Updated November 27, 2020)
Welcome to the news page for Adobe Inc (ADBE). Below you’ll find our daily market updates. Here’s a technical analysis summary of where things currently stand:
The Trend
As for trends on ADBE, we’re seeing a downtrend on shorter timeframes — but an uptrend on the 90 day timeframe. The countertrend on the shorter timeframe may provide an opportunity to buy for those interested in playing the longer term trend.
ADBE Moving Averages
ADBE’s moving averages tell a multi-facted story about its trend. Out of the moving averages we’re monitoring (20, 50, 100, and 200 days), all but the 50 are bullish, implying a upward trend, save for a decline that occurred about 7 weeks ago. Moreover, today we saw the 20 moving average turn bullish.
The chart below illustrates.
Adobe Inc (ADBE) Up 1.59%; Breaks Above 20 Day Average
The price move occurred on stronger volume; specifically, yesterday’s volume was up 2.92% from the day prior, and up 4.26% from the same day the week before.
Adobe Inc (ADBE) 2 Day Down Streak Broken, in a Downtrend Over Past 30 Days; Pin Bar Pattern Appearing on Chart
For additional context, note that price has gone down 8 out of the past 14 days.
Adobe Inc (ADBE) Down 0.5%
2 Price action traders may also wish to note that we see a pin bar candlestick pattern on adbe.
Adobe Inc (ADBE) Down 0.75%
This move happened on lower volume, as yesterday’s volume was down 41.07% from the day before — and down 29.91% from the same day the week before.
Adobe (ADBE) Price Near $462.55; in a Downtrend Over Past 30 Days
Run by former sac (steve cohen) investment professional who also worked at soros capital management.
Adobe (ADBE) Closes Prior Hour Down -1.37%; in a Downtrend Over Past 30 Days, is Inching Close to 20 Day Average
This move happened on lower volume, as yesterday’s volume was down 42.81% from the day before — and down 31.99% from the same day the week before.
Adobe (ADBE) Price Near $466.36; Nears 20 Day Moving Average
This is the 2nd consecutive hour adbe has seen its price head down.
Adobe (ADBE) Price Near $459.64; Price Base in Formation Over Past 14 Days, in a Downtrend Over Past 30 Days
This move happened on lower volume, as yesterday’s volume was down 15.7% from the day before — and down 44.02% from the same day the week before.
Adobe (ADBE) Closes Last Hour Up $2.37; in a Downtrend Over Past 30 Days, Nears 100 Day Moving Average
The change in price came along side change in volume that was down 9.86% from previous day, but up 16.21% from the tuesday of last week.