How the (ADBE) price action is used to our Advantage
October 07, 2024, 23:32 pm ET, BY Christie- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for ADBE
- Buy ADBE near 451.13 target 508.91 stop loss @ 449.83 Details
The technical summary data tells us to buy ADBE near 451.13 with an upside target of 508.91. This data also tells us to set a stop loss @ 449.83 to protect against excessive loss in case the stock begins to move against the trade. 451.13 is the first level of support below 487.3 , and by rule, any test of support is a buy signal. In this case, support 451.13 would be being tested, so a buy signal would exist.
- Short ADBE slightly under 508.91, target 451.13, stop loss @ 510.38 Details
The technical summary data is suggesting a short of ADBE as it gets near 508.91 with a downside target of 451.13. We should have a stop loss in place at 510.38though. 508.91 is the first level of resistance above 487.3, and by rule, any test of resistance is a short signal. In this case, if resistance 508.91 is being tested, so a short signal would exist.
Swing Trading Plans for ADBE
- Buy ADBE slightly over 492.47, target 503.16, Stop Loss @ 491.05 Details
If 492.47 begins to break higher, the technical summary data tells us to buy ADBE just slightly over 492.47, with an upside target of 503.16. The data also tells us to set a stop loss @ 491.05 in case the stock turns against the trade. 492.47 is the first level of resistance above 487.3, and by rule, any break above resistance is a buy signal. In this case, 492.47, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short ADBE slightly near 492.47, target 451.13, Stop Loss @ 493.89. Details
The technical summary data is suggesting a short of ADBE if it tests 492.47 with a downside target of 451.13. We should have a stop loss in place at 493.89 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 492.47, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for ADBE
- Buy ADBE slightly over 491.84, target 492.47, Stop Loss @ 490.69 Details
If 491.84 begins to break higher, the technical summary data tells us to buy ADBE just slightly over 491.84, with an upside target of 492.47. The data also tells us to set a stop loss @ 490.69 in case the stock turns against the trade. 491.84 is the first level of resistance above 487.3, and by rule, any break above resistance is a buy signal. In this case, 491.84, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short ADBE slightly near 491.84, target 451.13, Stop Loss @ 492.99. Details
The technical summary data is suggesting a short of ADBE if it tests 491.84 with a downside target of 451.13. We should have a stop loss in place at 492.99 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 491.84, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Adobe Inc. (ADBE) available here: ADBE.
ADBE Ratings for October 07:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Weak |
| P1 |
0 |
0 |
451.13 |
| P2 |
491.84 |
492.47 |
508.91 |
| P3 |
501.24 |
503.16 |
566.17 |
AI Generated Signals for ADBE
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Adobe Inc. (NASDAQ: ADBE) data table below can help you with price action, and we have more details too. Trading plans for ADBE are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for ADBE:
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