Free Daily Analysis
Stock Trend Analysis Report
Prepared for you on Tuesday, April 16, 2024.
Adobe Inc. (NASDAQ:ADBE)
Strong Downtrend (-100) - ADBE is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, ADBE continues to fall. Traders should use caution and set stops.
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.
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MarketClub’s Trade Triangles for ADBE
The long-term trend has been DOWN since Feb 20th, 2024 at 534.00
The intermediate-term trend has been DOWN since Mar 15th, 2024 at 528.01
The short-term trend has been DOWN since Apr 1st, 2024 at 499.70
Smart Scan Analysis for ADBE
Based on our trend formula, ADBE is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 477.02 | 478.52 | 468.35 | 470.34 | -3.75 |
| Prev. Close | Volume | Bid | Ask | Time |
| 470.10 | 2577521 | 2024-04-15 15:59:32 |
| Year High | 277.61 | Year High Date | 2018-09-14 |
| Year Low | 175.26 | Year Low Date | 2018-01-02 |
| 52wk High | 638.25 | 52wk High Date | 2024-02-02 |
| 52wk Low | 331.89 | 52wk Low Date | 2023-05-12 |
| Year End Close | 37.68 | Average Volume | 4,847,916 |
| Shares Outstanding | 448,000 | Short Interest | 9,940,077 |
| % Institutional | 90.2 | Market Cap | 134,845M |
| Assets | 287,510,000M | Liabilities | 132,910,000M |
| P/E Ratio | 45.3241 | Beta | 1.17 |
| Volatility | 51.29 |