The Hourly View for Adobe
- At the moment, ADBE’s price is up $1.75 (0.4%) from the hour prior.
- The hourly chart shows that Adobe has seen 2 straight up hours.
- If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe.
- The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.
Adobe’s hourly price chart is shown below.
The Daily View for Adobe
- At the moment, ADBE’s price is up $6.32 (1.45%) from the day prior.
- This is a reversal of the price action on the previous day, in which price moved down.
- Regarding the trend, note that the strongest trend exists on the 50 day timeframe.
- The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
- Divergence between ADBE’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in ADBE’s price.
Below is a daily price chart of Adobe.
Latest News Discussing ADBE
- 3 No-Brainer Stocks to Buy in a Correction – [email protected] (Josh Kohn-Lindquist)
August 12, 2022Designed to thrive in challenging economic conditions, these companies are great buys during a downturn.
- 2 Best Software Stocks to Buy in 2022 and Beyond – [email protected] (Michael Byrne)
August 12, 2022Software is still “eating the world.”
- Adobe Systems (ADBE) Dips More Than Broader Markets: What You Should Know – Zacks Equity Research
August 11, 2022Adobe Systems (ADBE) closed at $434.89 in the latest trading session, marking a -0.8% move from the prior day.
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