Adobe - The Triangle Breakout Is Coming!Adobe ( NASDAQ:ADBE ) still remains in a bullish market:
Click chart above to see the detailed analysis👆🏻
For more than four years, Adobe has actually been moving sideways, still digesting the crazy bullrun which we saw over the past decade. Looking at the symmetrical triangle pattern though, this is just a bullish consolidation, which will most likely end with another bullish breakout.
Levels to watch: $440, $560
Keep your long term vision,
Philip (BasicTrading)
Adobe
Adobe (ADBE) Shares Plunge Over 13%Adobe (ADBE) Shares Plunge Over 13%
On Wednesday evening, Adobe Inc. (ADBE) released its quarterly financial results:
→ Earnings per share: Actual = $4.81, Expected = $4.66;
→ Revenue: Actual = $5.61 billion, Expected = $5.54 billion.
Despite exceeding analyst expectations and showing growth compared to the previous quarter, Adobe’s stock opened Thursday with a bearish gap and continued to decline throughout the session, closing more than 13% lower than Wednesday’s close.
The sell-off was driven by Adobe’s disappointing 2025 forecast, projecting slower-than-expected revenue and earnings per share growth. According to Yahoo Finance, this stems from increasing competition (from Google, OpenAI, and others) and concerns over monetising AI tools, which have already contributed to a 20% drop in Adobe’s stock this year.
Technical Analysis of Adobe Inc. (ADBE) Stock
The stock price is:
→ Forming a descending channel (highlighted in orange), with its boundaries becoming increasingly evident;
→ Breaking below both a long-term trendline (marked with an arrow) dating back to 2022 and the psychological level of $500 per share.
The outlook appears grim, although TipRanks data indicates that analysts remain optimistic:
→ 22 out of 30 analysts recommend buying ADBE stock;
→ The average price target for ADBE is $603 within 12 months, suggesting a 27% upside from current levels.
However, Adobe’s 2025 projections amidst stiff competition may prompt a reassessment of its investment value, potentially leading to a consolidation of ADBE’s price below the $500 psychological threshold.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Adobe Inc. (For Study Purpose Only)Buy Recommendation
Entry Price Range: $468 - $480
Stop Loss: $430
Target Price: Based on your analysis or risk appetite (suggested to review the stock's historical resistance levels).
Rationale:
Strong Fundamentals: Adobe continues to lead in creative and digital software solutions, with consistent revenue growth and profitability.
Market Leadership: Dominant market position in creative software like Photoshop, Premiere Pro, and cloud-based solutions.
Valuation: The recommended range provides an opportunity to enter during a potential pullback.
Disclaimer
This recommendation is for educational purposes only. Always consult your financial advisor before making any investment decisions. Stock trading involves risks, including the potential loss of capital. Ensure to evaluate your risk tolerance and conduct thorough research.
ADBE Adobe Options Ahead of EarningsIf you haven`t bought the dip on ADBE:
Now analyzing the options chain and the chart patterns of ADBE Adobe prior to the earnings report this week,
I would consider purchasing the 560usd strike price Calls with
an expiration date of 2025-1-17,
for a premium of approximately $24.35.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Adobe - Triangle Textbook Long Setup!Adobe ( NASDAQ:ADBE ) is breaking out soon:
Click chart above to see the detailed analysis👆🏻
After creating a rally of +2.000% over the past decade, Adobe created its all time high back in the end of 2021. The consolidation ever since has been quite expected, especially looking at market structure. But if Adobe breaks out of the current triangle, we will see new all time highs.
Levels to watch: $440, $560
Keep your long term vision,
Philip (BasicTrading)
Is AI the New Muse for the Digital Renaissance?In a groundbreaking showcase at Adobe MAX 2024, the creative software giant unveiled its latest innovation: Adobe Firefly AI. This cutting-edge technology promises to revolutionize content creation across various media, from video production to 3D art. The star of the show, Firefly AI Video, demonstrates the potential to generate and manipulate video content with unprecedented ease and accuracy, potentially reshaping the entire landscape of digital creativity.
Adobe's commitment to ethical AI use and copyright protection sets a new standard in the industry, addressing concerns about the responsible implementation of AI in creative fields. By positioning Firefly AI as safe for commercial use, Adobe is paving the way for the widespread adoption of AI-powered tools in professional settings. This approach not only drives innovation but also ensures that creators can embrace new technologies without compromising their integrity or legal standing.
The market's positive response to Adobe's AI push, reflected in a 2.9% stock surge, underscores the transformative potential of these technologies. As Adobe integrates Firefly AI across its Creative Cloud suite and introduces new tools like Neo for 3D art creation, the company is democratizing access to advanced creative capabilities. This shift challenges creators to reimagine their processes and pushes the boundaries of what's possible in digital content creation.
650, BE THEREThis has the upside potential to be 650, before that happens it could dip towards 450 which will be a big buying opportunity. Whether it hits 450 or not, most likely it will test its all-time highs which is 30% upside potential from current price.
Happy Trading!! Not a financial advice.
Adobe (ADBE) Shares Drop Over 8%Adobe (ADBE) Shares Drop Over 8%
On Thursday evening, Adobe Inc. (ADBE) reported its third-quarter financial results:
→ Earnings per share: actual = $4.65, expected = $4.53;
→ Revenue: actual = $5.40 billion, expected = $5.37 billion.
Despite beating analyst estimates, Adobe Inc.'s (ADBE) stock dropped by more than 9% due to a disappointing fourth-quarter forecast, which fell short of market expectations. According to the chart for Adobe Inc. (ADBE), trading on Friday opened with a large bearish gap. By the end of the day, the stock had fallen by more than 8% compared to Thursday's close.
To recap, on 5 June, when the stock price was around $460, we conducted a technical analysis and identified an upward channel (shown in blue), pointing to the potential resumption of a bullish trend.
Since then:
→ The price has risen by approximately 25% to the median line of the channel, which acted as resistance (shown by the blue arrow);
→ The price briefly broke through the psychological level of $500 (shown by the black arrow).
What’s next for Adobe Inc. (ADBE) stock?
It's worth noting that Friday's candle closed above its midpoint, which could be interpreted as a sign that demand forces were present, viewing the price drop as an opportunity to take long positions. Any panic, if there was any, didn’t significantly extend the downward momentum.
Therefore, while the disappointing forecast may continue to weigh on ADBE's stock price, bulls might show renewed activity – potentially around the psychological $500 mark or the lower boundary of the channel.
According to TipRanks, the average price target for ADBE stock is $620 over the next 12 months, indicating a potential upside of 15% from current levels.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Adobe - Preparing a multi year breakout!NASDAQ:ADBE has been consolidating for some time and is definitely ready for a breakout.
Adobe is a stock, which is clearly heading higher on a macro perspective. Just two months ago, Adobe actually retested an important horizontal structure and managed to create bullish confirmation, followed by a reversal towards the upside. Eventually, Adobe will also break out of the ascending triangle formation, which has been forming over the past 5 years.
Levels to watch: $650
Keep your long term vision,
Philip - BasicTrading
Adobe (ADBE): Earnings Report to Trigger Major Move?With Adobe's earnings report due tomorrow, we have analyzed the weekly chart to get a clearer picture. We started our count in November 2018, identifying the sub-waves 1 and 2 leading up to the primary Wave (1). This Wave (1), like the preceding sub-waves, experienced a very rapid sell-off. Such quick declines are unusual for Wave 2s, but in this chart, it repeats frequently, confirming our interpretation despite being atypical.
We have now identified the sub-wave 1 of the overarching Wave (3). This range and its midpoint have been well respected, and we are currently at the midpoint.
Two scenarios could unfold:
• Negative Earnings Report : If the earnings report disappoints, the price could fall into the Weekly Order Block Cluster around the 78.6% Fibonacci retracement level, approximately $350. This would likely result in a significant pullback within the range.
• Positive Earnings Report : If the earnings report is strong, the price could shoot up, creating a breakout gap. After this initial surge, we might see a retrace back towards the midpoint of the range before continuing upwards to potentially make a new high above $700.
Given the uncertainty, we are not placing any entries at this time. We will wait to see how the earnings report affects the price action and then consider potential positions based on the developments.
Adobe, a beast hiding in plain sight! Adobe Inc. (ADBE) on the 1-hour chart illustrates a recent decline from a swing high, followed by a recovery forming a harmonic pattern labeled with points A, B, C, D, and E.
Key Fibonacci retracement levels are highlighted, including the 0.618 level at 455.67 and the 0.5 level at 451.53, along with Fibonacci extension levels at 1 (469.07) and 1.23 (477.14).
The chart features a Volume Weighted Average Price (VWAP) line from the previous month's swing high, which may act as a dynamic resistance around the 469.07 level.
Volume analysis reveals lower recent activity compared to previous spikes, indicating a possible consolidation phase.
The RSI (Relative Strength Index) currently reads around 53.78, suggesting neutral to slightly bullish momentum. Key support levels are identified at 433.97, with resistance levels at 469.07 and 477.14.
The harmonic pattern suggests a potential bullish scenario if the price moves beyond 469.07 towards 477.14, while the downside risk includes a possible drop to support levels at 455.67 or 451.53 if the price fails to sustain current levels.
ADOBE: What is the stock doing before the Q2 earnings Adobe's stock price has been declining over the past month, currently trading below its 50, 100, and 200-day moving averages, with the chart drawing a "death cross" pattern around mid-April, which further confirms the bearish sentiment. The stock now trades at a 25% discount compared to the highs earlier this year.
The Volume Oscillator currently stands at 1.3%, suggesting some buying interest remains, but it's weakening compared to recent trading volume. This could signal a potential reversal, but the downtrend remains strong, with the neutral RSI not suggesting any bullish reversal either.
Next week's Q2 earnings announcement could be a significant catalyst for Adobe. Positive earnings could potentially reverse the current downtrend, but the recent controversy surrounding Adobe's terms and conditions update could weigh on investor sentiment.
The T&Cs update has sparked concerns among users, particularly creatives worried about their creations being used to train AI models, and professionals concerned about the privacy of their data. This could potentially impact Adobe's reputation and customer base, particularly since Adobe remains relatively silent on the issue. This uncertainty adds another layer of risk to the stock in the near term.
Adobe (ADBE) WaterfallI think Adobe, which has lost more than 32% since the beginning of the year, has a fair value of $522.30. However, as long as the decline continues, we should wait to buy. You can't hold a falling knife. With a break of the moving average or downtrend, I think it will reach its fair value, and with momentum, it may even go up to $620, which is the long-term downtrend. Unless the trend breaks, the decline will continue until the 300s.
📈💼 Adobe (ADBE) Analysis 🖥️🚀Revenue Evolution:
Adobe's NASDAQ:ADBE transition to subscription-based revenue has been a key driver of its growth and profitability, with subscriptions dominating recent sales. This adaptability has been crucial during the pandemic and subsequent rebound, showcasing its resilience and ability to capitalize on emerging trends like AI.
Market Sentiment and Correction:
A correction in Adobe's stock price in 2024, influenced by the AI bubble and profit-taking, reflects market sentiment. Analysts suggest this correction may have been an overreaction, potentially leading to overselling. Despite adjustments to price targets, significant upside potential is still anticipated, with consensus targets implying a 30% increase from current levels.
Long-Term Outlook:
Considering global industry trends, including the receding AI bubble, Adobe's diversified portfolio and ongoing innovation in digital content creation position it favorably for sustained growth.
📊💡 Stay informed about industry trends and monitor Adobe's performance for investment decisions! #Adobe #StockAnalysis 📉📈
Adobe - Pretty clear trading setup!Hello Traders and Investors, in this video I will take a quick look at Adobe.
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Explanation of my video analysis:
Back in 2012 we saw a major symmerical triangle breakout on Adobe stock which was followed by an unbelievable rally of +2.000% towards the upside. Over the past 6 years, Adobe stock has once again formed a triangle formation and just rejected the upper resistance level. If Adobe stock retest the next horizontal support towards the downside, we could already see a bullish reversal there.
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Keep your long term vision,
Philip (BasicTrading)
ADBE at Volume Profile NodeThis morning NASDAQ:ADBE triggered a Spike Alert on the opening 30 minute bar. I double checked this signal against Volume Profile.
On the weekly there is a major Volume Profile node at 480 considering the bullish trend from September 2022 to January 2024. The spike this morning touches this level and have moved off with a significant Spike:
The Spike allows me to start a trade on the 30 minute timeframe with low risk and a 3:1 Reward/Risk ratio with the intent to play the higher timeframe Weekly move as a major pullback.
If we increase the time considered the Volume Profile node becomes even more significant as the POC (Point of Control) for the price action going all the way back to COVID low.
ADBE Adobe Options Ahead of EarningsIf you haven`t bought the dip on ADBE:
Then analyzing the options chain and the chart patterns of ADBE Adobe prior to the earnings report this week,
I would consider purchasing the 560usd strike price Puts with
an expiration date of 2024-3-15,
for a premium of approximately $27.70.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Adobe Tumbles Amidst AI Struggles and Fierce CompetitionAdobe ( NASDAQ:ADBE ), the pioneering force behind creative software solutions like Photoshop, faced a significant setback as its stock plummeted by 12% following a disappointing quarterly forecast. This downturn, fueled by fears of intensified competition and concerns over Adobe's ability to capitalize on generative AI integrations, underscored the challenges ahead for the tech giant.
In the ever-evolving landscape of tech, Adobe ( NASDAQ:ADBE ) stands alongside industry heavyweights like Microsoft and Google, each vying for supremacy in AI innovation. However, Adobe's recent stumble has raised doubts about its capacity to effectively monetize AI features across its creative suite, leaving investors wary of its future prospects.
Compounding the pressure are the emergence of AI startups such as Stability AI and Midjourney, poised to disrupt Adobe's longstanding dominance in the graphics industry. Analysts from RBC Capital Markets highlighted investor apprehension regarding the "GenAI upside," reflecting concerns about Adobe's ability to leverage AI for sustained growth and profitability.
Despite forecasting $440 million in net new annual recurring revenue for its digital media segment, a decrease from the previous year's figures, Adobe ( NASDAQ:ADBE ) failed to meet market expectations. CEO Shantanu Narayen acknowledged the disparity between projections and actual performance, citing potentially inflated forecasts for the second quarter.
The fallout from Adobe's lackluster forecast extended beyond financial metrics, potentially erasing over $30 billion of the company's market value. Despite experiencing a remarkable 77% surge in 2023, Adobe's shares have faltered by 4% this year, highlighting investor uncertainty amidst conflicting signals from the company.
Analysts from Piper Sandler highlighted the challenge of deciphering Adobe's messaging, noting the company's ongoing efforts to monetize AI across its platforms. Despite these challenges, Adobe's decision to announce a $25 billion stock buyback signals confidence in its long-term strategy, following regulatory setbacks in its attempt to acquire Figma.
However, Adobe's ( NASDAQ:ADBE ) stock valuation, trading at 30.41 times its forward profit estimates compared to industry peers like Microsoft and Salesforce, raises questions about its competitive positioning. As Adobe navigates the competitive landscape and grapples with AI integration challenges, the road ahead remains uncertain.
DOCU , a documents technology company is shown on a 4H chart here. It have added supply and demand zones showing resistance and
support. Price rose before and during earnings topped and fell in a shallow retracment and then
reversed again topping and has now trended down into a full retracement turning into a
"M" pattern. I added the retracement tool. On a lower time frame, price formed a bear flag
pattern which could signal bearish continuation is likely. On the other hand, the zero-lag
MACD indicator is bullish at its terminal portion with the lines heading up having crossed.
I see the Fib levels as the tie breaker. My trade plan is no trade right now. I will set alerts
for 54.25 and 48.25. A notification will be a signal that price is breaking out of the Fibonacci
zone. The trade will then be taken based on the direction of the break. I suspect that DOCU
could so sideways for a while but maybe not. General market momentum may push it to move.
I will patiently wait for the set up to declare itself in due time.
Adobe: Knock Knock ✊Since the low on January 5, the ADBE stock have rallied and is currently attempting to break through resistance at $635.05. We expect the price to clearly surpass this level as part of the magenta-colored five-part wave, which will provide further upward momentum At the end of the movement is the high of the higher wave (C) in green. However, please also note our 33% probable alternative, which is the low of the magenta-colored wave alt. (2) would initially shift slightly lower.
Big Tech Stocks: Macro Fib SchematicsThis one might be a doozy to look at and I understand. However... Companies that make up trillions of dollars of the broader market are obviously going to be extremely complex using Mathematical Fib Schematics.
These schematics were NOT easy to organize and lay out together so give me a break.
Each one of these companies has MULTIPLE Fib tools on each of them. This is called Fibonacci Clustering. You can also call it a cluster F***...
All I can say for this one is, You either see it or you don't. I am certain of the veracity of these charts so I don't care what plebs have to say about how this looks. I am the ONLY person who has ever laid this out so perfectly you will EVER see. Quote me on it because good luck finding this material literally anywhere on the internet unless you break into Blackrock's HQ.
Easter Egg: Click Logarithmic mode on NIVIDA for an extra Fib view of why NIVIDA topped out where it did.
ADOBE LONG 620 LONG 620 TP
Long Position:
Adobe has consistently demonstrated strong financial performance, driven by its leading position in the creative software and digital experience markets. The company's subscription-based model provides a reliable revenue stream, and its innovative product portfolio continues to attract a wide user base.
Key Points:
Earnings Growth: Adobe has shown impressive earnings growth in recent quarters, fueled by increasing demand for its creative cloud services. Positive trends in earnings can drive stock appreciation.
Subscription Model: Adobe's shift to a subscription-based model ensures a steady stream of recurring revenue. This stability may appeal to long-term investors seeking a reliable growth story.
Digital Transformation: Adobe is well-positioned to benefit from the ongoing digital transformation across industries. As businesses and individuals increasingly rely on digital tools for creativity and marketing, Adobe's products remain essential.
Innovation: Adobe consistently invests in research and development, ensuring a pipeline of new and improved products. The company's commitment to innovation may drive future revenue growth and market share expansion.