Adobe Inc (ADBE) Heads Down For the 2nd Straight Day, Breaks Below 200 Day Average; Price Base in Formation Over Past 30 Days
Company is a bit expensive, but it is a market leader and growing.
ADBE
(Last Updated March 4, 2021)
Hello! This is the news page for Adobe Inc. Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:
The Trend
Perhaps the most noteworthy trend we’re seeing on ADBE is at the 14 day level, where a clear downtrend is apparent.
ADBE Moving Averages
Nuances in the trend on ADBE can be understood by observing the behavior of its moving averages. Of the 20, 50, 100, and 200 day averages — three of them (all but the 200) — are bearish, suggesting the trend is generally downward, aside from a spike about 6 months prior.
Below is a chart showing ADBE’s price with its moving averages.
Adobe Inc (ADBE) Down 0.63%; in a Downtrend Over Past 14 Days
Guess what all those people on $fvrr need to use in order to have a company grow 800% in a year.
Adobe Inc (ADBE) Moves Up For the 2nd Day In A Row, Crosses 200 Day Moving Average; in a Downtrend Over Past 14 Days
This move is a reversal from the hour prior, which saw price move up.
Adobe Inc (ADBE) Up 0.11%, in a Downtrend Over Past 14 Days; Nears 200 Day Moving Average
Continues to have long term advancing dollar flow and recent institutional buying.
Adobe Inc (ADBE) Down 0.58%, in an Uptrend Over Past 30 Days; Price Base in Formation Over Past 90 Days
And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well.
Adobe Inc (ADBE) Up 0.45%, in an Uptrend Over Past 14 Days; Price Base in Formation Over Past 90 Days
It’s been a feast for bulls operating on an hourly timeframe, as adbe has now gone up 4 of the past 5 hours.
Adobe Inc (ADBE) Up 0.8%, in an Uptrend Over Past 14 Days; Price Base in Formation Over Past 90 Days
Price action traders in particular will want to note that the 90 day period appears to show price forming a base; this could indicate that a support/resistance level is developing.
Adobe Inc (ADBE) Up 1.23%; in a Downtrend Over Past 30 Days
I wish the $gme reddit crowd had a warm spot for adobe photoshop as much as they love games, we're just getting relentlessly hammered when this should be well in the 500's.
Adobe Inc (ADBE) Heads Up For the 4th Day In A Row, Price Base in Formation Over Past 90 Days; Pin Bar Pattern Appearing on Chart
Price action traders in particular will want to note that the 90 day period appears to show price forming a base; this could indicate that a support/resistance level is developing.
Adobe (ADBE) Closes Prior Hour Up 0.04%; Price Base in Formation Over Past 90 Days, Heads Down For the 2nd Day In A Row, in a Downtrend Over Past 14 Days
Price action traders in particular will want to note that the 90 day period appears to show price forming a base; this could indicate that a support/resistance level is developing.