When Adobe Inc ($ADBE) Moves Investors should Listen

September 24, 2023, 09:45 am ET, BY THOMAS KEE- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for ADBE

• Buy ADBE slightly over 466.00 target 515.55 stop loss @ 464.65 Details

The technical summary data tells us to buy ADBE near 466.00 with an upside target of 515.55. This data also tells us to set a stop loss @ 464.65 to protect against excessive loss in case the stock begins to move against the trade. 466.00 is the first level of support below 512.9 , and by rule, any test of support is a buy signal. In this case, support 466.00 would be being tested, so a buy signal would exist.

• Short ADBE slightly under 515.55, target 466.00, stop loss @ 517.04 Details

The technical summary data is suggesting a short of ADBE as it gets near 515.55 with a downside target of 466.00. We should have a stop loss in place at 517.04though. 515.55 is the first level of resistance above 512.9, and by rule, any test of resistance is a short signal. In this case, if resistance 515.55 is being tested, so a short signal would exist.

Swing Trading Plans for ADBE

• Buy ADBE slightly over 515.64, target 535.06, Stop Loss @ 514.15 Details

If 515.64 begins to break higher, the technical summary data tells us to buy ADBE just slightly over 515.64, with an upside target of 535.06. The data also tells us to set a stop loss @ 514.15 in case the stock turns against the trade. 515.64 is the first level of resistance above 512.9, and by rule, any break above resistance is a buy signal. In this case, 515.64, 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 515.64, target 466.00, Stop Loss @ 517.13. Details

The technical summary data is suggesting a short of ADBE if it tests 515.64 with a downside target of 466.00. We should have a stop loss in place at 517.13 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, 515.64, 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 515.64, target 520.53, Stop Loss @ 514.44 Details

If 515.64 begins to break higher, the technical summary data tells us to buy ADBE just slightly over 515.64, with an upside target of 520.53. The data also tells us to set a stop loss @ 514.44 in case the stock turns against the trade. 515.64 is the first level of resistance above 512.9, and by rule, any break above resistance is a buy signal. In this case, 515.64, 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 515.64, target 466.00, Stop Loss @ 516.84. Details

The technical summary data is suggesting a short of ADBE if it tests 515.64 with a downside target of 466.00. We should have a stop loss in place at 516.84 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, 515.64, 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 September 24:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Strong
P1	0	0	466.00
P2	520.53	515.64	515.55
P3	540.16	535.06	564.96

AI Generated Signals for ADBE

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How do we know what is going on #behindthescenes of a company?  According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The  Adobe Inc (NASDAQ: ADBE) report below is a real world example. Included are trading plans for ADBE, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.