This is a Bullish indicator signaling ADBE's price could rise from here. Traders may explore going long the stock or buying call options. Tickeron A.I. dvisor identified 51 similar cases where ADBE's MACD histogram became positive, and 36 of them led to successful outcomes. Odds of Success: 71%. Current price $487.08 crossed the resistance line at $485.91 and is trading between $499.51 support and $485.91 resistance lines. Throughout the month of 10/07/20 - 11/06/20, the price experienced a +0.30% Uptrend. During the week of 10/30/20 - 11/06/20, the stock enjoyed a +11% Uptrend growth.
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where ADBE's RSI Oscillator exited the oversold zone, 6 of 12 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 50%.
The Momentum Indicator moved above the 0 level on November 05, 2020. You may want to consider a long position or call options on ADBE as a result. Tickeron A.I. detected that in 59 of 88 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 67%.
The Moving Average Convergence Divergence (MACD) for ADBE just turned positive on November 06, 2020. Looking at past instances where ADBE's MACD turned positive, the stock continued to rise, Tickeron A.I. shows that in 36 of 51 cases over the following month. The odds of a continued upward trend are 71%.
Following a +9.35% 3-day Advance, the price is estimated to grow further. Considering data from situations where ADBE advanced for three days, Tickeron A.I. shows that in 253 of 358 cases, the price rose further within the following month. The odds of a continued upward trend are 71%.
ADBE may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. Tickeron A.I. detected that in 320 of 439 cases where ADBE Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 73%.
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where ADBE's RSI Oscillator exited the oversold zone, 6 of 12 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 50%.
The Momentum Indicator moved above the 0 level on November 05, 2020. You may want to consider a long position or call options on ADBE as a result. Tickeron A.I. detected that in 59 of 88 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 67%.
The Moving Average Convergence Divergence (MACD) for ADBE just turned positive on November 06, 2020. Looking at past instances where ADBE's MACD turned positive, the stock continued to rise, Tickeron A.I. shows that in 36 of 51 cases over the following month. The odds of a continued upward trend are 71%.
Following a +9.35% 3-day Advance, the price is estimated to grow further. Considering data from situations where ADBE advanced for three days, Tickeron A.I. shows that in 253 of 358 cases, the price rose further within the following month. The odds of a continued upward trend are 71%.
ADBE may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. Tickeron A.I. detected that in 320 of 439 cases where ADBE Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 73%.