Free Daily Analysis
Stock Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Adobe Inc. (NASDAQ:ADBE)
Sidelines Mode (-55) - ADBE is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for ADBE
The long-term trend has been DOWN since Oct 3rd, 2024 at 500.000
The intermediate-term trend has been UP since Nov 12th, 2024 at 510.655
The short-term trend has been DOWN since Nov 15th, 2024 at 504.270
Smart Scan Analysis for ADBE
Based on our trend formula, ADBE is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 496.00 | 502.41 | 495.46 | 499.69 | +0.18 |
| Prev. Close | Volume | Bid | Ask | Time |
| 499.61 | 1572847 | 2024-11-19 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 | 433.97 | 52wk Low Date | 2024-05-31 |
| Year End Close | 37.68 | Average Volume | 2,748,749 |
| Shares Outstanding | 440,200 | Short Interest | 9,940,077 |
| % Institutional | 90.2 | Market Cap | 134,845M |
| Assets | 298,300,000M | Liabilities | 152,850,000M |
| P/E Ratio | 42.1883 | Beta | 1.17 |
| Volatility | 51.29 |