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Advanced TA SearchArchive
- 10/18/2024 -
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Adobe Systems (ADBE) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Adobe Systems (ADBE). During the week, the ADBE gave back -0.52 points, or -0.10%, and closed at 494.90 on Friday, October 18, 2024. Weekly volume was -13% below average.
 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. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Medium-term trend: [See ADBE medium-term trend chart]
A medium-term uptrend had started on May 31, 2024 at 433.97 and reached 587.75 on September 12, 2024. ADBE gained -153.78 points, or -35.44%, in 14 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (579.54) 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 medium-term trend.
 Weekly Technical Indicators: [See ADBE weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Lane's Stochastic. 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 Lane's Stochastic help.
The weekly MACD line is below its signal line since September 27, 2024. The distance between MACD and the signal line is low, but getting bigger. 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 September 12, 2024 at 587.75 and reached 486.40 on October 7, 2024. ADBE lost 101.35 points, or 17.24%, in 25 days. The price is now at the 8.39% 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. Use the following link to access Williams' Percentage Range help.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
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