Learn to Evaluate Adobe Inc ($ADBE) using the Charts
October 03, 2023, 23:30 pm ET, BY THOMAS KEE- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for ADBE
- Buy ADBE slightly over 476.65 target 525.74 stop loss @ 475.27 Details
The technical summary data tells us to buy ADBE near 476.65 with an upside target of 525.74. This data also tells us to set a stop loss @ 475.27 to protect against excessive loss in case the stock begins to move against the trade. 476.65 is the first level of support below 507.03 , and by rule, any test of support is a buy signal. In this case, support 476.65 would be being tested, so a buy signal would exist.
- Short ADBE slightly under 525.74, target 476.65, stop loss @ 527.26 Details
The technical summary data is suggesting a short of ADBE as it gets near 525.74 with a downside target of 476.65. We should have a stop loss in place at 527.26though. 525.74 is the first level of resistance above 507.03, and by rule, any test of resistance is a short signal. In this case, if resistance 525.74 is being tested, so a short signal would exist.
Swing Trading Plans for ADBE
- Buy ADBE slightly over 513.01, target 525.74, Stop Loss @ 511.53 Details
If 513.01 begins to break higher, the technical summary data tells us to buy ADBE just slightly over 513.01, with an upside target of 525.74. The data also tells us to set a stop loss @ 511.53 in case the stock turns against the trade. 513.01 is the first level of resistance above 507.03, and by rule, any break above resistance is a buy signal. In this case, 513.01, 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 513.01, target 491.48, Stop Loss @ 514.49. Details
The technical summary data is suggesting a short of ADBE if it tests 513.01 with a downside target of 491.48. We should have a stop loss in place at 514.49 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, 513.01, 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 510.08, target 513.01, Stop Loss @ 508.89 Details
If 510.08 begins to break higher, the technical summary data tells us to buy ADBE just slightly over 510.08, with an upside target of 513.01. The data also tells us to set a stop loss @ 508.89 in case the stock turns against the trade. 510.08 is the first level of resistance above 507.03, and by rule, any break above resistance is a buy signal. In this case, 510.08, 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 510.08, target 491.48, Stop Loss @ 511.27. Details
The technical summary data is suggesting a short of ADBE if it tests 510.08 with a downside target of 491.48. We should have a stop loss in place at 511.27 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, 510.08, 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 03:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Weak |
Strong |
| P1 |
0 |
0 |
476.65 |
| P2 |
510.08 |
491.48 |
525.74 |
| P3 |
519.67 |
513.01 |
574.99 |
AI Generated Signals for ADBE
Blue = Current Price
Red= Resistance
Green = Support
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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The Adobe Inc (NASDAQ: ADBE) report below can help you understand how to do this. The trading plans for ADBE, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for ADBE:
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