Adobe - Triangle Textbook Long Setup!Adobe ( NASDAQ:ADBE ) is breaking out soon:
Click chart above to see the detailed analysis👆🏻
After creating a rally of +2.000% over the past decade, Adobe created its all time high back in the end of 2021. The consolidation ever since has been quite expected, especially looking at market structure. But if Adobe breaks out of the current triangle, we will see new all time highs.
Levels to watch: $440, $560
Keep your long term vision,
Philip (BasicTrading)
Adobelong
Adobe - Preparing a multi year breakout!NASDAQ:ADBE has been consolidating for some time and is definitely ready for a breakout.
Adobe is a stock, which is clearly heading higher on a macro perspective. Just two months ago, Adobe actually retested an important horizontal structure and managed to create bullish confirmation, followed by a reversal towards the upside. Eventually, Adobe will also break out of the ascending triangle formation, which has been forming over the past 5 years.
Levels to watch: $650
Keep your long term vision,
Philip - BasicTrading
Adobe (ADBE) WaterfallI think Adobe, which has lost more than 32% since the beginning of the year, has a fair value of $522.30. However, as long as the decline continues, we should wait to buy. You can't hold a falling knife. With a break of the moving average or downtrend, I think it will reach its fair value, and with momentum, it may even go up to $620, which is the long-term downtrend. Unless the trend breaks, the decline will continue until the 300s.
Adobe - Pretty clear trading setup!Hello Traders and Investors, in this video I will take a quick look at Adobe.
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Explanation of my video analysis:
Back in 2012 we saw a major symmerical triangle breakout on Adobe stock which was followed by an unbelievable rally of +2.000% towards the upside. Over the past 6 years, Adobe stock has once again formed a triangle formation and just rejected the upper resistance level. If Adobe stock retest the next horizontal support towards the downside, we could already see a bullish reversal there.
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Keep your long term vision,
Philip (BasicTrading)
Adobe Explores OpenAI Partnership to Aid Video Editing ToolsAdobe ( NASDAQ:ADBE ), the software giant known for its innovative tools in creative content production, is delving deeper into the realm of artificial intelligence (AI) to enhance its renowned Premiere Pro video editing software. In a strategic move, Adobe ( NASDAQ:ADBE ) is exploring a potential partnership with OpenAI and other third-party AI developers to integrate generative AI tools directly into Premiere Pro.
This development marks a significant step forward for Adobe ( NASDAQ:ADBE ) as it seeks to empower video editors with AI-based features that streamline complex tasks and enhance creative possibilities. Among the planned AI-based features are the ability to seamlessly fill in parts of a scene with AI-generated objects and remove distractions without manual intervention, revolutionizing the video editing process.
At the heart of Adobe's AI endeavors lies Firefly, a powerful AI model already deployed in Adobe Photoshop for editing still images. By extending Firefly's capabilities to Premiere Pro and exploring partnerships with leading AI developers like OpenAI, Adobe ( NASDAQ:ADBE ) aims to bolster its position as an industry leader in AI-driven creative tools.
However, Adobe's decision to embrace third-party AI tools also raises questions about revenue sharing and ethical considerations. While Adobe ( NASDAQ:ADBE ) is committed to upholding ethical AI practices and ensuring user safety, the integration of third-party AI models introduces complexities regarding revenue sharing and accountability.
Despite these challenges, Adobe ( NASDAQ:ADBE ) remains steadfast in its commitment to providing users with innovative AI-driven solutions while maintaining transparency and ethical standards. With the potential for expanded choice and functionality through third-party AI models, Adobe users can expect a new era of creativity and efficiency in video editing.
Technical Outlook
Adobe Inc. stock ( NASDAQ:ADBE ) has a weak Relative Strength Index (RSI) of 28.73. However, the Monthly price chart of the stock shows an inverted hammer forming at the close of last week's trading session.
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 in a flag?Adobe - 30d expiry - We look to Buy at 328.71 (stop at 312.61)
Daily signals are mildly bullish.
Price action is forming a bullish flag which has a bias to break to the upside.
Trend line support is located at 327.
We look to buy dips.
We are trading at oversold extremes.
This stock has seen good sales growth.
50 1 day EMA is at 329.
Our profit targets will be 368.88 and 372.88
Resistance: 355.67 / 365.00 / 380.00
Support: 340.00 / 325.00 / 320.20
Disclaimer – Saxo Bank Group.
Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Adobe Analysis 20.11.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
Green on Adobe. ADBEFlat finished. We are due for another fractal. Betting on further growth given relative and short term growth in the indices.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
Adobe on a sale!Adobe - 30D Expiry - We look to Buy a break of 301.11 (stop at 284.98)
With signals for sentiment at oversold extremes, the dip could not be extended.
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
Trading close to the psychological 300.00 level.
We expect a significant move higher if prices manage to break the 300.00 resistance.
The measured move target is 360.00.
Our profit targets will be 349.49 and 359.49
Resistance: 290.00 / 300.00 / 312.00
Support: 275.00 / 265.00 / 255.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses
Adobe: Weekly Bull BreakAs I already analyzed in the video on Monday (see attached), Adobe just broke the prolonged Weekly Bull Flag since basically August 2020. We broke & closed above the resistance yesterday on the Daily. If the bulls don't fake out & see follow through this week, Adobe can now easily go towards $600 in the coming weeks & months.
Some fundamentals : Adobe has seen quite some upside since they changed from the one-off to the monthly subscription models, since a lot more professionals could now afford it. This obviously got a lot more usage throughout the Covid period, as people were working from the home office.
Given that it still underperformed the S&P500 and went on a sideways consolidation after it rose 90% until the summer, which we have to recognize.
I'm a Photoshop & Premiere Pro user myself, and can see the value of the neat integration in the cloud.
After all: If you're not gonna own the companies you're using yourself, then what? ;)
In this case the fundamentals are now getting confirmed by the technicals.
Happy trading & investing!
ADBE short with LONG entry levelsADBE just broke the support around $463, and we are heading to another support around $438. This could be a good entry-level for long positions. The area from $417 to $438 is a big support zone.
ADOBE INC is a strong company with a strong base of customers. The perfect subscription model with a monthly fee and irreplaceable software that is used worldwide guarantees stable profits.
Entry levels LONG positions:
$438
$423
$417 - STRONG BUY
ADBE Bullish Trade Setup On the Daily time frame, ADBE consolidation is almost complete setting up for a likely wave (3) rally same degree measured move targeting the 560-599 level. I am interested in setting up medium term long position on ADBE with expiration into Oct-Nov 20’. Trade execution details in video update.