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Stock Trend Analysis Report

Prepared for you on Monday, May 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.

NASDAQ_ADBE
Open High Low ADBE Price Change
483.32 485.88 481.52 483.30 +0.42
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 up The intermediate-term trend has been UP since May 6th, 2024 at 487.49

short term down The short-term trend has been DOWN since May 9th, 2024 at 486.92

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).

-55
Smart Scan Analysis for ADBE
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
483.32 485.88 481.52 483.30 +0.42
Prev. Close Volume Bid Ask Time
483.43 1721476 2024-05-17 15:59:11
Year High277.61Year High Date2018-09-14
Year Low175.26Year Low Date2018-01-02
52wk High638.2552wk High Date2024-02-02
52wk Low356.4552wk Low Date2023-05-18
Year End Close37.68Average Volume2,688,578
Shares Outstanding448,000Short Interest9,940,077
% Institutional90.2Market Cap134,845M
Assets287,510,000MLiabilities132,910,000M
P/E Ratio46.1644Beta1.17
Volatility51.29
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