Adobe Systems Inc. (ADBE/NASD): general analysis
15 May 2018, 11:12
| Scenario | |
|---|---|
| Timeframe | Intraday |
| Recommendation | BUY STOP |
| Entry Point | 242.55 |
| Take Profit | 250.00, 255.00, 260.00 |
| Stop Loss | 235.00 |
| Key Levels | 218.00, 230.00, 237.00, 242.50 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 236.90 |
| Take Profit | 225.00, 220.00 |
| Stop Loss | 244.00 |
| Key Levels | 218.00, 230.00, 237.00, 242.50 |
Current trend
In the first half of May, Adobe stocks grew by 7.5% and renewed 52-weeks maximum of 241.93 USD on May 11. The instrument has increased by 36% since the beginning of 2018.
Adobe introduced an innovative product New View, which let Adobe Experience Cloud users analyze a great massive of marketing data with help of an artificial intelligence Adobe Sensei, packed within the virtual reality interface.
During the last week, Adobe grew by 3.19% against the fall of S&P 500 index by 0.30%.
Support and resistance
The stocks are growing. The price is testing its historical highs. However, a technical correction is not excluded in the nearest future. The local support and resistance levels are 237.00 and 242.50 correspondingly. The indicatorоs’ signals are mixed: the price consolidated above МА (50) and МА (200); MACD histogram began to fall. It is better to open the positions from the key levels.
The comparative analysis of the indicators of the company and its competitors suggests the neutrality of its share prices.
Resistance levels: 242.50.
Support levels: 237.00, 230.00, 218.00.
Trading tips
Long positions can be opened after the price is set above the level of 242.50. The closing of the profitable positions is possible at the levels of 250.00, 255.00 and 260.00. Stop loss is 235.00.
Short positions can be opened after the price is set below the level of 237.00 with the targets at 225.00–220.00. Stop loss is 244.00.
Implementation period: 3 days.
In the first half of May, Adobe stocks grew by 7.5% and renewed 52-weeks maximum of 241.93 USD on May 11. The instrument has increased by 36% since the beginning of 2018.
Adobe introduced an innovative product New View, which let Adobe Experience Cloud users analyze a great massive of marketing data with help of an artificial intelligence Adobe Sensei, packed within the virtual reality interface.
During the last week, Adobe grew by 3.19% against the fall of S&P 500 index by 0.30%.
Support and resistance
The stocks are growing. The price is testing its historical highs. However, a technical correction is not excluded in the nearest future. The local support and resistance levels are 237.00 and 242.50 correspondingly. The indicatorоs’ signals are mixed: the price consolidated above МА (50) and МА (200); MACD histogram began to fall. It is better to open the positions from the key levels.
The comparative analysis of the indicators of the company and its competitors suggests the neutrality of its share prices.
Resistance levels: 242.50.
Support levels: 237.00, 230.00, 218.00.
Trading tips
Long positions can be opened after the price is set above the level of 242.50. The closing of the profitable positions is possible at the levels of 250.00, 255.00 and 260.00. Stop loss is 235.00.
Short positions can be opened after the price is set below the level of 237.00 with the targets at 225.00–220.00. Stop loss is 244.00.
Implementation period: 3 days.
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