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Stock Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Adobe Inc. (NASDAQ:ADBE)
Crossroads (-60) - ADBE is struggling to move into a solid trend. Beware of choppy markets 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.
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MarketClub’s Trade Triangles for ADBE
The long-term trend has been UP since Jul 1st, 2024 at 558.48
The intermediate-term trend has been DOWN since Jul 23rd, 2024 at 548.96
The short-term trend has been DOWN since Jul 9th, 2024 at 563.92
Smart Scan Analysis for ADBE
Based on our trend formula, ADBE is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 535.3500 | 545.4999 | 533.3300 | 542.5500 | +10.4000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 532.1500 | 1680139 | 2024-07-26 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 | 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 | 2,660,442 |
| Shares Outstanding | 443,400 | Short Interest | 9,940,077 |
| % Institutional | 90.2 | Market Cap | 134,845M |
| Assets | 300,070,000M | Liabilities | 151,640,000M |
| P/E Ratio | 47.8122 | Beta | 1.17 |
| Volatility | 51.29 |