When the Price of Adobe Inc $ADBE Talks, People Listen
November 10, 2023, 23:30 pm ET, BY Rolland S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for ADBE
- Buy ADBE slightly over 547.07 target 597.34 stop loss @ 545.49 Details
The technical summary data tells us to buy ADBE near 547.07 with an upside target of 597.34. This data also tells us to set a stop loss @ 545.49 to protect against excessive loss in case the stock begins to move against the trade. 547.07 is the first level of support below 597.22 , and by rule, any test of support is a buy signal. In this case, support 547.07 is being tested, a buy signal would exist.
- Short ADBE slightly under 597.34, target 547.07, stop loss @ 599.07 Details
The technical summary data is suggesting a short of ADBE as it gets near 597.34 with a downside target of 547.07. We should have a stop loss in place at 599.07though. 597.34 is the first level of resistance above 597.22, and by rule, any test of resistance is a short signal. In this case, if resistance 597.34 is being tested, a short signal would exist.
Swing Trading Plans for ADBE
- Buy ADBE slightly over 597.34, target n/a, Stop Loss @ 595.61 Details
If 597.34 begins to break higher, the technical summary data tells us to buy ADBE just slightly over 597.34, with an upside target of n/a. The data also tells us to set a stop loss @ 595.61 in case the stock turns against the trade. 597.34 is the first level of resistance above 597.22, and by rule, any break above resistance is a buy signal. In this case, 597.34, 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 597.34, target 585.11, Stop Loss @ 599.07. Details
The technical summary data is suggesting a short of ADBE if it tests 597.34 with a downside target of 585.11. We should have a stop loss in place at 599.07 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, 597.34, 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 597.34, target 614.69, Stop Loss @ 595.95 Details
If 597.34 begins to break higher, the technical summary data tells us to buy ADBE just slightly over 597.34, with an upside target of 614.69. The data also tells us to set a stop loss @ 595.95 in case the stock turns against the trade. 597.34 is the first level of resistance above 597.22, and by rule, any break above resistance is a buy signal. In this case, 597.34, 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 597.34, target 591.92, Stop Loss @ 598.73. Details
The technical summary data is suggesting a short of ADBE if it tests 597.34 with a downside target of 591.92. We should have a stop loss in place at 598.73 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, 597.34, 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 November 10:
Term → | Near |
Mid |
Long |
Rating |
Strong |
Neutral |
Strong |
P1 |
0 |
0 |
496.97 |
P2 |
591.92 |
536.23 |
547.07 |
P3 |
614.69 |
585.11 |
597.34 |
AI Generated Signals for ADBE
Blue = Current Price
Red= Resistance
Green = Support
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This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of Adobe Inc (NASDAQ: ADBE) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for ADBE can be used as an example, and demonstrate how to do this for other stocks too. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for ADBE: