Free Daily Analysis
Stock Trend Analysis Report
Prepared for you on Saturday, September 23, 2023.
Adobe Inc. (NASDAQ:ADBE)
Weak Downtrend (-65) - ADBE is showing signs of a strengthening downtrend. Monitor ADBE as it may be building momentum to the downside.
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 UP since Jan 20th, 2023 at 355.670
The intermediate-term trend has been DOWN since Sep 18th, 2023 at 523.616
The short-term trend has been DOWN since Sep 21st, 2023 at 522.180
Smart Scan Analysis for ADBE
Based on our trend formula, ADBE is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
-70
Strong Downtrend
Sideways
Strong Uptrend
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 513.09 | 518.15 | 508.83 | 512.84 | -1.04 |
| Prev. Close | Volume | Bid | Ask | Time |
| 512.90 | 2013689 | 2023-09-22 15:59:59 |
| Year High | 277.61 | Year High Date | 2018-09-14 |
| Year Low | 175.26 | Year Low Date | 2018-01-02 |
| 52wk High | 570.2399 | 52wk High Date | 2023-09-08 |
| 52wk Low | 274.73 | 52wk Low Date | 2022-09-27 |
| Year End Close | 37.68 | Average Volume | 3,085,977 |
| Shares Outstanding | 455,800 | Short Interest | 9,940,077 |
| % Institutional | 90.2 | Market Cap | 134,845M |
| Assets | 278,380,000M | Liabilities | 130,000,000M |
| P/E Ratio | 49.0344 | Beta | 1.17 |
| Volatility | 51.29 |
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