The Greedy Trader Weekly Analysis
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Lane's Stochastic (%D-Slow)

The Lane's Stochastic indicator developed by George Lane is one of the most useful and widely used momentum oscillators in technical analysis. Lane's Stochastic oscillator uses four indicators to combine relative strength with moving average methods. %K is an un-smoothed RSI. %D is a moving average of %K (fast stochastic). %D-Slow is a longer term moving average of %K, and finally %D-Slow (slow stochastic) Moving Avg. is another moving average. Like other overbought oversold oscillators, they are normalized within a scale of 0 to 100. Buy/sell signals are generated by %D stochastic crossover with its moving average above 80%, for overvalued, or below 20%, for undervalued stocks. The divergence between price and indicator is the most important buy/sell stocks trading signal. Lane's Stochastic bullish divergence/bearish divergence should be considered together with other stock market trading alerts, trading indicator and technical trading techniques.

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- 3/15/2024 -
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Adobe Systems (ADBE) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is oversoldBroken trend support line
Daily :Daily  MACD line has moved below its signal lineThe price is below the lower Bollinger BandWilliams' Percentage Range is oversoldMACD bullish divergence
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It was the negative week for the Adobe Systems (ADBE). During the week, the ADBE dropped -59.23 points, or -10.74%, and closed at 492.46 on Friday, March 15, 2024. Weekly volume was 126% above average.

ADBE is a member of Information Technology Sector. Information Technology is the second most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See ADBE long-term trend chart]
A long-term uptrend had started on September 27, 2022 at 274.73 and reached 638.25 on February 2, 2024. ADBE gained -363.52 points, or -132.32%, in 70 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (613.35) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. ADBE may retest the broken support line. It is considered to be a resistance line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a long-term trend.

Medium-term trend: [See ADBE medium-term trend chart]
A medium-term downtrend had started on February 2, 2024 at 638.25 and reached 485.00 on March 15, 2024. ADBE lost 153.25 points, or 24.01%, in 6 weeks. Price is near the trend low.

Weekly Technical Indicators: [See ADBE weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.

The weekly MACD line is below its signal line since December 22, 2023. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term downtrend is strong. Use the following link to access a MACD help.

Short-term trend: [See ADBE short-term trend chart]
A short-term downtrend had started on March 13, 2024 at 585.35 and reached 485.00 on March 15, 2024. ADBE lost 100.35 points, or 17.14%, in 2 days. The price is now at the 7.43% retracement level.

Daily Technical Indicators: [See ADBE daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. Daily MACD has bullish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 31.82
Williams' Percentage Range (W%R) 86.10
Oversold
Lane's Stochastic (%D-Slow) 61.55
Greed/Fear Indicator (GFI) 35.76
Moving Average Converg./Diverg. (MACD) -10.21 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 32.43
Williams' Percentage Range (W%R) 90.40
Strong Oversold
Lane's Stochastic (%D-Slow) 30.44
Greed/Fear Indicator (GFI) 26.82
Moving Average Converg./Diverg. (MACD) 25.58
Trading Signals
Description Value Chart
Upper Bollinger Band 597.45
Parabolic System 585.94
50 Day Moving Average 584.48
20 Day Moving Average 552.69
Daily Stochastic Crossing 547.54
Lower Bollinger Band 524.95
Weekly Stochastic Crossing 520.88
Price 492.46
Sector and Industry
Description Name Rank
Sector Information Technology 8
Industry Application Software 60
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 585.35
High Date 03/13/2024
Low 485.00
Low Date 03/15/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 585.35
High Date 03/13/2024
Low 485.00
Low Date 03/15/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 638.25
High Date 02/02/2024
Low 485.00
Low Date 03/15/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 684.73
Support 613.35
Low 274.73
Low Date 09/27/2022
High 638.25
High Date 02/02/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 699.54
High Date 11/22/2021
Low 274.73
Low Date 09/27/2022
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.