Adobe
Adobe AnalysisJust closed my position with a 39% gain! 🚀 Adobe is currently trading at $620, showcasing a strong bullish trend with potential for further growth. Based on current momentum, there are two key scenarios to watch:
1. Bullish Continuation: The price could surge towards the $640 mark, extending its bullish trajectory.
2. P otential Retracement: Alternatively, if it breaks below the $620 level, we might see a pullback to around $600.
Stay alert for these pivotal movements. Both scenarios offer significant trading opportunities. Keep an eye on the market and stay tuned for more updates! 🌟
#Adobe #StockAnalysis #TradingView
Adobe Inc. (NASDAQ: ADBE) Stock Gains
In the latest market close, Adobe Systems (ADBE) reached $565.47, with a +0.32% movement compared to the previous day. The stock outpaced the S&P 500's daily gain of 0.18%. On the other hand, the Dow registered a gain of 0.1%, and the technology-centric Nasdaq increased by 0.3%.
Shares of the software maker had gained 7.02% in the past month. In that same time, the Computer and Technology sector gained 3.65%, while the S&P 500 gained 3.08%.
Price Momentum
ADBE is trading near the top of its 52-week range and above its 200-day simple moving average.
We can see it from the chart forming an Horizontal Trendline at the Crest and Trough trying to form a breakout.
What does this mean?
Investors have been pushing the share price higher, and the stock still appears to have upward momentum. This is a positive sign for the stock's future value.
ADOBE A good buy for the long runAdobe Inc is trading between the MA50 and MA100 (1d) on a Fibonacci Channel that depicts very accurately the strong 1 year uptrend.
The first phase traded inside Fibonacci 0-1, the second is trading inside 1-2.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 700.00 (All Time High and Fibonacci 3.0 level).
Tips:
1. The RSI (1d) crossed over its MA, after rebounding on the Buy Zone. A strong bullish signal.
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ADBE, Second BEAR-Fractal, SHORT-Momentum DOOMSDAY Incoming!Hello There!
Welcome to my new analysis of ADBE. This stock has been massively battered by the major bear market decline setup in the gigantic bear channel. This stock did not exceed any new highs and did not have the potential to emerge with new bull momentum. The bears are still present within this stock and this is exactly why the bear momentum for this stock can accelerate heavily any time soon. There are several major bearish indications that are underlining the bearish scenario for the stock in an overwhelmingly precarious way.
Three reasons why the bear doomsday scenario for the stock is present, starting any time soon:
1.) Massive Liquidations: Over 250 Billion positions have been liquidated within the previous bearish doomsday market decline wave towards the downside.
2.) Weak Momentum: The momentum with which the recent meager recovery wave setup is highly fragile and is likely to turn anytime soon.
3.) Major Short-Side Positioning: A vast amount of institutional and smart money operators are positioning their selves on the short side. Always an important indication especially with retail traders positioned in the other direction.
Why shorting the stock through the upcoming second bear doomsday scenario will be the best approach in the current and upcoming market conditions:
1.) Second bearish ascending wedge fractal: The stock is going to complete exactly the same bearish ascending wedge fractal towards the downside once again.
2.) Total-Return Approach: By shorting the stock a trader has the candidature to a total-return approach, the trader is profiting when prices fall and at other times when they go up.
3.) Liquidation Acceleration: Once the whole ascending fractal has been completed it will trigger a fast-paced bearish wave making profits much faster than in an uptrend.
The most prevalent determining indications that are going to activate the upcoming bear market scenario wave for the stock:
As it is seen in my chart ADBE completed the huge bearish ascending triangle fractal exactly by moving into the upper distribution zone from where it emerged with the pullback towards the downside and set up the massive 250 Billion bearish liquidation wave towards the downside. This wave developed very fast and by positioning oneself before this huge bearish wave and completion of the fractal towards the downside a trader could make a big load of profit in the market.
Now, ADBE is still trading within the gigantic descending channel formation in which it has the most prevalent upper resistance distribution channel which has been the origin of the massive bearish waves towards the downside before and is now already setting up the upcoming 300 Billion bearish liquidation wave towards the downside which is going to activate the completion of the second ascending wedge fractal and the preceding wave C towards the bearish direction.
In the next times, the whole bearish ascending wedge fractal will be completed with the breakout below the lower boundary followed by the breakout below the 65EMA and 100EMA from where the bearish trend acceleration is going to unfold huge accelerations towards the downside and the severe bearish continuations towards the lower target zones. Especially, in this case, the market could still continue beyond this level in the bearish direction.
Upcoming Perspectives and the major underlying factors that are primarily important for consideration on the short side for the stock, the sector, and the economic field:
It has to be mentioned that an economic field with high interest rates, spreading inflation, a stagnation within the sector is setting up the determination to increase this whole bearish wave development, especially with a more bearish volume moving into the market. Also, highly determining in this case is the actual technology developments because when they reverse in an economic field this will have massive bearish effects on the stock as well.
Now, for traders it is highly important to follow such market situations with the appropriate setup within the market, especially in such times it is necessary to have the right positioning within the market because a massive bearish pressure acceleration can start anytime soon considering a huge acceleration in the inflation, a smart money operator bearish market making in which the bearish conclusion will be inevitable, an expiring futures market in which a lot of futures turn to an bearish volatility in the market. This is why traders need to position their selves before all these heavy bearish scenarios are set up.
In this manner, thank you everybody for watching my analysis of ADBE. Support from your side is greatly appreciated.
VP
Adobe Gains CorrectionBookmarking this analysis for future reference. Average purchase price: 308. Solid year for the company with new AI integration into products while showing willingness to learn from defeat and flat out purchase Figma, great long term thinking on this one (hopefully the deal gets approved.....when will it get approved?)
Markets are correcting tho, and giving back some gains, could be a nice place to start loading up again around 440 to 385ish ......maybe. It's not overly expensive as it's currently trading at 31X PE so I'd think it would not be overly affected.
ADBE suppress by the top to bottom golden ratio of 1.382ADBE suppress by the top to bottom golden ratio of 1.382
This chart shows the weekly candle chart of Adobe's stock over the past two years. The top to bottom golden section at the end of 2021 is superimposed in the figure. As shown in the figure, the highest point of Adobe's stock in the past two weeks has been suppressed by the top to bottom golden ratio of 1.382 in the figure, and the high point in early June and low point in mid August this year are exactly 2.000 positions in the top to bottom golden ratio in the figure! So, in the future, just use the top to bottom golden section of 1.382 in the figure as the watershed to determine the strength of Adobe's stock!
ADBE Adobe Options Ahead of EarningsIf you haven`t bought ADBE ahead of the previous earnings:
Then analyzing the options chain and the chart patterns of ADBE Adobe prior to the earnings report this week,
I would consider purchasing the 600usd strike price Calls with
an expiration date of 2024-1-19,
for a premium of approximately $32.25.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
Adobe's stock has risen by 4 small bandsAdobe's stock has risen by 4 small bands
This chart shows the weekly candle chart of Adobe's stock in the past two years. The top to bottom golden section at the end of 2021 is superimposed in the figure. As shown in the figure, Adobe's stock has risen by 4 small bands since the short-term bottom formation at the end of September 2022, and the bull momentum has been perfectly released! The recent peak of Adobe's stock has just peaked at the top to bottom golden ratio of 1.618 in the picture, and now it has fallen back to 2.000! In the future, the top to bottom golden ratio of 2.382 in the figure will serve as the long short divide for Adobe's stock!
ADOBE: $307 up (+147,000%) Doing Nothing since Day a superior product inspired by XEROX PALO (PARC) R&D in 1970
come 1982 (12 years later) ADOBE was born
come 1986 (4 years later) adobe got listed at $0.21 cents
since then it rewarded early believers to (144,000%) for 33 years
thats a CAGR of (+4,300%) yearly yiled with an upward correction of -60%
up until todate where are media are becoming in demand to post millennial generartion
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MSOFT Microsoft listed around the same time @ $0.09 cents now spot $152 up (+168,000%)
also inspired by PARC
ADOBE: Pull back to the 1D MA50 unless the High breaks.Adobe is consolidating after the June 16th high that was the peak of an enormous 1 month rally. The 1D timeframe has started to normalize (RSI = 68.673, MACD = 19.860, ADX = 22.091) the previously overbought condition but technically there is still some way to go before we reach a low risk buy entry.
We believe that is near the 1D MA50, so we are turning bearish (TP = 450.00). If the 518.55 High breaks however, we will take the loss and go long instead targeting the Resistance (TP = 580.00).
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ADBE - Solid Fundamentals and MomentumAdobe Inc. (ADBE) stands out as a company with strong fundamentals. Adobe is renowned for its exceptional products such as Photoshop, Acrobat Reader and Creative Cloud.
ADBE's price climbed up to 54% since May 2023 Rather than succumbing to the fear of missing out (FOMO), a patient approach is warranted. I refused to chase the price. I want the price to come to me.
Waiting for a pullback or the formation of a solid base will provide opportune moments for entry.
A pullback can offer an attractive entry opportunity. Waiting for a pullback or the formation of a solid base would provide me strategic entry points. By monitoring key support levels, daily pivot misses, and structural breakouts as a mean of my timing to buy the stock with optimized risk and reward.
Entry trigger from a pullback : Price retraces to significant levels and then a bullish reversal candle formed or a structural breakout or a daily pivot being missed.
Entry trigger from a solid base : Price breaks the resistance level WITH volume.
Adobe's stock will enter a downward trend! Adobe's stock will enter a downward trend!
This chart shows the weekly candle chart of Adobe's stock in the past two years. The graph overlays the recent top to bottom golden section. As shown in the figure, after bottoming out at the end of September 2022, Adobe's stock is now in the fourth largest upward trend band! The long up shadow line at the weekly level last week indicates that in the short term, bulls are weak! In the future, Adobe's stock will enter a downward trend!
Adobe Target $539 - After Consolidation🐂 Trade Idea: Long - ADBE
🔥 Account Risk: 2.50%
📈 Recommended Product: Stock
🔍 Entry: +/- 446.00
🐿 DCA: Yes, down to 400.00
😫 Stop-Loss: 357.00
🎯 Take-Profit #1: 539.00 (50%)
🎯 Take Profit #2: -
🎯 Trail Rest: Yes
🚨🚨🚨 Important: Don’t forget to always wait for strong confirmation once possible entry zone is reached. Trade ideas don’t work all the time no matter how good they look. Do not get a victim of FOMO, there is always another trade idea waiting. 🚨🚨🚨
If you like what you see don’t forget to leave a comment 💬 or smash that like ❤️ button!
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Adobe participated in the AI boom and made more than 50% from its May low at around 325.00. Huge selling pressure came in around 520.00 showing stronger resistance in that area. We’ll need to see some more consolidation before considering stepping in. First buy zone would be around 446.00 from where one can DCA-in into the stock down to 400.00. We might not see the stock reaching the second buy zone, so consider start buying in multiple tranches starting in buy zone 1.
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Disclaimer & Disclosures pursuant to §34b WpHG
The trades shown here related to stocks, cryptos, commodities, ETFs and funds are always subject to risks. All texts as well as the notes and information do not constitute investment advice or recommendations. They have been taken from publicly available sources to the best of our knowledge and belief. All information provided (all thoughts, forecasts, comments, hints, advice, stop loss, take profit, etc.) are for educational and private entertainment purposes only.
Nevertheless, no liability can be assumed for the correctness in each individual case. Should visitors to this site adopt the content provided as their own or follow any advice given, they act on their own responsibility.
ADBE Adobe Options Ahead of EarningsAnalyzing the options chain of ADBE Adobe prior to the earnings report this week,
I would consider purchasing the 460usd strike price Calls with
an expiration date of 2023-7-21,
for a premium of approximately $21.60.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
Adobe key positioning for the future of A.I made graphics.TA: Looking at interest levels and daily RSI, taking a long here is sub-optimal and has risk of drawdown. However, fundamentals back upwards momentum. Buy and Hold strategy here might be wise. Pivot line may yield a double top (A.I boom -> Burst) or could initiate further upwards momentum to new ATH's in which case TP2 and TP3 are the interest levels.
Fundamentals:
Adobe is a global leader in software, known for its Creative Cloud suite, which includes industry-standard applications like Photoshop, Illustrator, and Premiere Pro. The company has made significant strides in integrating advanced AI technologies into its products and services, which has contributed to its impressive financial performance.
A significant recent innovation is the integration of Generative AI and Adobe Firefly into Photoshop, marking a new chapter in Adobe's history. This innovation allows creators to use their natural language to prompt Photoshop to create extraordinary images with Generative Fill, a feature powered by Adobe's Firefly, a family of creative generative AI models2.
Adobe is also committed to ensuring its AI technology is developed ethically, focusing on accountability, responsibility, and transparency. They are developing a compensation model for Adobe Stock contributors and are taking steps to prevent artists’ names from being used in Adobe’s generative AI actions2.
In terms of their competitive advantage, Adobe's significant graphics dataset is instrumental. Adobe Stock, for instance, has a landmark dataset containing more than two million assets. Adobe has leveraged this immense dataset to train its AI technology, Adobe Sensei, to effectively detect landmarks in images submitted to Adobe Stock. This capability has been crucial for identifying and categorizing images and addressing any potential intellectual property issues with them3.
The integration of AI in Adobe Photoshop is demonstrated by the Generative Fill feature, which is powered by Adobe Firefly. Firefly is a family of creative generative AI models that are infused into every selection feature in Photoshop, and allows users to add content, remove or replace parts of an image and extend the edges of an image using natural language prompts. Adobe Firefly, which launched six weeks prior to the announcement I found, had quickly become one of the most successful beta launches in Adobe's history, with beta users generating over 100 million assets to date1.
For Adobe Stock, the company uses Adobe Sensei, their artificial intelligence and machine learning technology, to detect landmarks in the hundreds of thousands of images submitted by Stock contributors every week. This helps in categorizing images and identifying any potential intellectual property issues. Adobe's landmark dataset contains more than two million assets and the process of training the model to detect landmarks initially took around 7-8 days on a single-GPU machine. By switching to a multi-GPU machine and employing parallel computing, they managed to reduce the training time by 80%, bringing it down to 1-2 days without any impact on model accuracy2.
Adobe has further enhanced the value of its graphics dataset by adopting advanced machine learning techniques. To improve the efficiency of their AI training processes, they've transitioned from a single-GPU machine to a parallel computing approach with multi-GPU machines, resulting in a dramatic 80% reduction in training time without sacrificing model accuracy3.
Adobe's significant graphics dataset and its innovative application of AI technologies, as demonstrated in the integration of Generative AI and Adobe Firefly into Photoshop, contribute to its competitive advantage in the industry.
Please note that this is a preliminary research paper and you should continue to do your own research (DYOR). Information about assets can change rapidly, and it's essential to stay updated with the most recent developments.
Notes on how I personally use my charts/NFA:
Each level L1-L3 and TP1-TP3 (Or S1-S3) has a deployment percentage. The idea is to flag these levels so I can buy 11% at L1 , 28% at L2 and if L3 deploy 61% of assigned dry powder. The same in reverse goes for TP. TP1: 61%, TP2:28% and TP3:11%. If chart pivots between TP's, in-between or in Between Sell levels these percentages are still respected. I like to use the trading range to accumulate by using this tactic.
Just my personal way of using this. This is not intended or made to constitute any financial advice.
This is not intended or made to constitute any financial advice.
FED Macro Situation Consideration:
All TP's are drawn within the context of a return to FED neutral policy. I do not expect these levels to be reached before tightening is over.
NOT INVESTMENT ADVICE
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Adobe -> The Forgotten StockHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that as we are speaking Adove stock is actually approaching a quite obvious previous weekly structure area which is now turned resistance exactly at the $380 level.
You can also see that overall weekly market structure is about to shift bullish, we are already having bullish weekly moving averages and the overall price behaviour of the past couple of weeks is looking very bullish so I simply do expect a break and retest of the resistance and then more continuation towards the upside.
On the daily timeframe you can see that Adobe stock is not creating bullish market structure yet - we are currently retesting previous daily support which is now turned resistance so I am just waiting for a clear break above the zone followed by a retest and then I do expect more daily continuation towards the upside.
Thank you for watching and I will see you tomorrow!
Adobe: Well On The Way 👍Adobe is well on the way to completing wave B in green, although the course still has got some room to expand the current movement. However, before the resistance at $402.49 at the latest, it should turn downwards again. Thus, the share should drop below the support at $278.23 and into the adjacent gray zone between $278.96 and $227.74, where it should then conclude wave b in gray. There is a 32% chance, though, for Adobe to continue the ascent above the resistance at $402.49. In that case, we would consider wave alt.b in gray to be already finished.