ADBE
(Last Updated April 15, 2021)
Welcome to the news page for Adobe Inc (ADBE). Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:
The Trend
A trend/countertrend situation exists on ADBE, in which an uptrend exists on shorter timeframes but a downtrend appears on the 90 day timeframe. The countertrend on the shorter timeframe may provide an opportunity to sell for those interested in playing the longer term trend.
ADBE Moving Averages
Across several time periods between 20 and 200 days, the trend on ADBE has remained consistently bullish.
The chart below illustrates.
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.
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.