The Greedy Trader Weekly Analysis
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Weekly Pattern:Rising Channel
Number of records: 10
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Channeling Stock - rising channel and falling channel.

Stock channeling technique is one of the most efficient and widely used trading technique. Price channel represents price movement bound by parallel lower (support) and upper (resistance) trend lines. Channels with rising trend lines (rising channel) are considered bullish and the falling channel is considered as bearish . Channels are continuation formations as far as support and resistance are not broken.
Trading technique:
# 1
Buy channeling stock on support and sell on resistance.
# 2 For bullish channel: sell channeling stock when price breakes the stock channeling support line. For bearish channel: buy channeling stock when price breaks the resistance line.
Tips:
# 1 For the best results, stock channeling should be considered together with other technical analysis signals and technical trading techniques.
Estimated Target: the main trend support/resistance line.

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- 7/3/2025 -
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Adobe Systems (ADBE) Technical Analysis

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Summary:
Weekly :Overbought sectorTrend resistance at 386.05
Daily :20 Day Moving Average has crossed below the 50 Day Moving AverageWilliams' Percentage Range is oversoldLane's Stochastic and MACD bullish divergence
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It was the negative week for the Adobe Systems (ADBE). During the week, the ADBE dropped -6.52 points, or -1.69%, and closed at 379.31 on Thursday, July 3, 2025. Weekly volume was 42% above average.

ADBE is a member of Information Technology Sector. Information Technology is the 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 downtrend had started on February 2, 2024 at 638.25 and reached 332.00 on April 7, 2025. ADBE lost 306.25 points, or 47.98%, in 61 weeks. The price is now at the 15.45% retracement level.

Medium-term trend: [See ADBE medium-term trend chart]
A medium-term downtrend had started on September 12, 2024 at 587.75 and reached 332.00 on April 7, 2025. ADBE lost 255.75 points, or 43.51%, in 29 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The price is near the trend resistance line (386.05). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See ADBE weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since May 9, 2025. 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 May 21, 2025 at 422.95 and reached 372.73 on July 2, 2025. ADBE lost 50.22 points, or 11.87%, in 42 days. The price is now at the 13.10% 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 Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The daily MACD line is below its signal line since May 30, 2025. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 31.26
Williams' Percentage Range (W%R) 89.20
Oversold
Lane's Stochastic (%D-Slow) 49.76
Bullish
Greed/Fear Indicator (GFI) 30.61
Moving Average Converg./Diverg. (MACD) -3.75 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 48.28
Williams' Percentage Range (W%R) 65.60
Lane's Stochastic (%D-Slow) 66.46
Greed/Fear Indicator (GFI) 52.53
Moving Average Converg./Diverg. (MACD) -22.97
Trading Signals
Description Value Chart
Upper Bollinger Band 420.62
Weekly Stochastic Crossing 403.45
50 Day Moving Average 394.38
20 Day Moving Average 393.98
Parabolic System 392.57
Monthly Trendline Resistance 386.05
Daily Stochastic Crossing 383.16
Price 379.31
Lower Bollinger Band 360.83
Sector and Industry
Description Name Rank
Sector Information Technology 10
Industry Application Software 91
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 392.58
High Date 07/01/2025
Low 372.73
Low Date 07/02/2025
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 422.95
High Date 05/21/2025
Low 372.73
Low Date 07/02/2025
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Test Resistance
Resistance 386.05
Support 248.15
High 587.75
High Date 09/12/2024
Low 332.00
Low Date 04/07/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 638.25
High Date 02/02/2024
Low 332.00
Low Date 04/07/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 15.70
Low Date 02/27/2009
High 699.54
High Date 11/22/2021
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.