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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.

Open High Low ADBE Price Change
513.09 518.15 508.83 512.84 -1.04
Entry Signal

MarketClub’s Trade Triangles for ADBE

long term up The long-term trend has been UP since Jan 20th, 2023 at 355.670

intermediate term down The intermediate-term trend has been DOWN since Sep 18th, 2023 at 523.616

short term down 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).

Smart Scan Analysis for ADBE
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 High277.61Year High Date2018-09-14
Year Low175.26Year Low Date2018-01-02
52wk High570.239952wk High Date2023-09-08
52wk Low274.7352wk Low Date2022-09-27
Year End Close37.68Average Volume3,085,977
Shares Outstanding455,800Short Interest9,940,077
% Institutional90.2Market Cap134,845M
P/E Ratio49.0344Beta1.17
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