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Stock Trend Analysis Report

Prepared for you on Thursday, March 28, 2024.

Adobe Inc. (NASDAQ:ADBE)

Bear Market Rally (-75) - ADBE is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on ADBE as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid ADBE?

MarketClub looks at technical strength and momentum to determine if the timing is right for ADBE.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NASDAQ_ADBE
Open High Low ADBE Price Change
515.47 516.86 499.70 504.32 -3.28
Entry Signal

MarketClub’s Trade Triangles for ADBE

long term down The long-term trend has been DOWN since Feb 20th, 2024 at 534.00

intermediate term down The intermediate-term trend has been DOWN since Mar 15th, 2024 at 528.01

short term up The short-term trend has been UP since Mar 27th, 2024 at 512.79

Smart Scan Analysis for ADBE

Based on our trend formula, ADBE is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for ADBE
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
515.47 516.86 499.70 504.32 -3.28
Prev. Close Volume Bid Ask Time
504.40 3544787 2024-03-27 15:58:20
Year High277.61Year High Date2018-09-14
Year Low175.26Year Low Date2018-01-02
52wk High638.2552wk High Date2024-02-02
52wk Low331.8952wk Low Date2023-05-12
Year End Close37.68Average Volume4,891,824
Shares Outstanding452,000Short Interest9,940,077
% Institutional90.2Market Cap134,845M
Assets297,790,000MLiabilities132,610,000M
P/E Ratio42.6734Beta1.17
Volatility51.29
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