pool adsAdobe $ADBE is Strong on a Near Term and Midterm Basis, Shown in Charts and Graphs
Adobe (NASDAQ: ADBE) is Strong on a Near Term and Midterm Basis, as Shown in the Charts and Graphs below. Important: Please check the date of this report and update it as needed. The data changes over time.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Strong | Strong | Neutral |
| P1 | 248.30 | 228.36 | 224.94 |
| P2 | 252.32 | 242.99 | 242.95 |
| P3 | 255.20 | 256.31 | 260.39 |
Support and Resistance Plot Chart for ADBE
Long Term Trading Plans for ADBE
June 6, 2018, 11:57 am ET
The technical Summary and associated Trading Plans for ADBE listed below will help you make important timing decisions for your trades. This data is based on our proprietary analysis for ADBE. In addition we offer Market Timing Models and Stock Filters in the links above which may increase the proficiency of the decisions you make.
ADBE - (Long) Support Plan
Buy over 242.95 target 260.39 stop loss @ 242.69.
The technical summary data tells us to buy ADBE near 242.95 with an upside target of 260.39. This data also tells us to set a stop loss @ 242.69 to protect against excessive loss in case the stock begins to move against the trade. 242.95 is the first level of support below 252.7 , and by rule, any test of support is a buy signal. In this case, support 242.95 is being tested, a buy signal would exist.
ADBE - (Short) Resistance Plan
Short under 260.39 target 242.95 stop loss @ 260.65
The technical summary data is suggesting a short of ADBE as it gets near 260.39 with a downside target of 242.95. We should have a stop loss in place at 260.65 though. 260.39 is the first level of resistance above 252.7, and by rule, any test of resistance is a short signal. In this case, if resistance 260.39 is being tested, a short signal would exist.
Blue = Current Price
Red= Resistance
Green = Support
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