Stock Analysis: Adobe Inc (ADBE)

Stock Analysis for Adobe Inc (ADBE)

The Interpreter
Hey Friend, I'm analysing ADOBE INC (ADBE), and it is between the Support of $ 470.67 (-100% of Fibonacci) and the Resistance of $ 475.29 (PivotS1). The stock is falling and may come close and reach $ 470.67 soon.

Adobe Inc (ADBE)

$ 477.12 +0.9%

Last Close 24-Apr-24

Trade ADBE Now

Supports

Next Support: $ 470.67

Pivot S2: $ 465.47
Fibonacci -100%: $ 470.67
Triangle Level (0): $ 421.22

Resistances

Next Resistance: $ 475.29

Pivot S1: $ 475.29
Fibonacci -61.8%: $ 492.57
Triangle Level (0): $ 558.04

Supports and Resistances

Click to Enlarge

Candlesticks, "48-hour" Trade Signals +

Date	Price $	Result %	Candle Name	Side
001 29 Feb 2024	Buy Price: 560.28	Profit: Open Day1 ($ 561.11)	Abandoned Baby	Buy
002 27 Feb 2024	Sell Price: 552.49	Profit: Open Day1 ($ 552.00)	Engulfing	Sell
003 14 Feb 2024	Buy Price: 604.66	Profit: Open Day1 ($ 606.00)	Abandoned Baby	Buy
004 19 Oct 2023	Sell Price: 555.74	Profit: Close Day1 ($ 540.96)	Dark Cloud Cover	Sell
005 13 Oct 2023	Sell Price: 548.76	Profit: Open Day2 ($ 545.41)	Engulfing	Sell
006 18 Sep 2023	Buy Price: 532.42	Profit: Close Day1 ($ 541.69)	Engulfing	Buy
007 18 Sep 2023	Buy Price: 532.37	Profit: Close Day1 ($ 541.69)	Piercing Line	Buy
008 20 Jun 2023	Sell Price: 485.86	Profit: Close Day1 ($ 477.48)	Abandoned Baby	Sell
009One Year Average	Both Sides Result for 8 Signals	Profit: $ 47.76 ($ 5.97 / Signal) +8.7% Gross in 1 Year	All of Them	Buy + Sell

Trading Rules for Candlesticks Patterns.

Buy or Sell on the same day of the signal, during the after-hours trading session.
Watch the Opening and Closing of the next 2 days (4 in total).
Immediately exit the Trade when one of them (Open or Close, Day 1 or 2) gives you a profit.
The table above will show the first Profit opportunity, but not in real-time. Therefore, you must watch the market in real-time with your broker.

Remember: The returns an asset made in the past don't mean that future returns will be the same.

Backtest Lab, "Buy The Dip" Trade Signals +

Find The Lastest Buy Signals for ADBE Below.

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The Latest Trade Signals

Moving Averages +

Bought Moving Averages

Sold Moving Averages

Simple Moving Averages (SMA) Period	Value $	Signal	Exponential Moving Averages (EMA) Period	Value $	Signal
2	475.01	BUY	2	475.09	BUY
3	472.30	BUY	3	473.85	BUY
5	471.02	BUY	5	473.18	BUY
8	471.99	BUY	8	474.28	BUY
13	476.79	BUY	13	478.35	SELL
21	485.02	SELL	21	487.06	SELL
34	504.16	SELL	34	501.72	SELL
55	530.66	SELL	55	520.12	SELL
90	557.64	SELL	90	535.41	SELL
200	552.93	SELL	200	528.65	SELL

Company Info +

Name & IPO

Adobe Inc
IPO: 1986-01-08

Stock Ticker & Exchange

Ticker: ADBEIndices: S&P 500, Nasdaq 100,
Exchange: Nasdaq Nms - Global Market (US - USD)

Contact

Website: https://www.adobe.com/
Phone:

Stock Type

Common Stock

SIC Office

Technology ()

Industry

Services-prepackaged Software

EIN

Fiscal Year End

State of Inc.

Balance Sheets +

in USD millions (if not decimal) - Dictionary

Income Statement +

in USD millions (if not decimal) - Dictionary

Statements sources
The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.