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Application Software Industry Stocks Technical Analysis - ADBEArchive
- 9/6/2024 -
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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 dropped -11.00 points, or -1.92%, and closed at 563.41 on Friday, September 6, 2024. Weekly volume was -35% 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. The price is now at the 20.59% retracement 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 586.70 on September 3, 2024. ADBE gained -152.73 points, or -35.19%, in 13 weeks. The price is now at the 15.25% retracement level.
 Weekly Technical Indicators: [See ADBE weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 above its signal line since June 21, 2024. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.
Short-term trend: [See ADBE short-term trend chart]
A short-term uptrend had started on August 5, 2024 at 500.00 and reached 586.70 on September 3, 2024. ADBE gained -86.70 points, or -17.34%, in 29 days. The price is now at the 26.86% retracement level.
 Daily Technical Indicators: [See ADBE daily technical indicators chart]
Daily technical indicators are neutral. Daily Lane's Stochastic and MACD have bearish 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 bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Lane's Stochastic help.
The daily MACD line is above its signal line since August 14, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
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.
During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish 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.
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