Adobe Systems Technical Analysis (NASDAQ:ADBE)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. Just by looking at the Adobe Systems stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the ADBE stock chart which creates a trading signal.
You can view Simple Moving Average (SMA 20 day, 50 day & 100 day), Exponential Moving Average (EMA 20 day, 50 day & 100 day) charts, and Bollinger Bands for Adobe Systems. The technical analysis form of Adobe Systems stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Adobe Systems Moving Average:
ADBE stock price movements can be forecasted by using triggers based on moving averages, which are also some of the simplest technical indicators. The way the averages are calculated in each of the 2 popular cases, that is SMA and EMA varies, however the interpretation of Adobe Systems chart patterns after the calculations remain the same. The 100 day moving average of 140.04 is below the last closing price of 147.97. One needs to choose the duration of a moving average depending on the investment objective and investment horizon. For periods greater than 100, it takes a larger and longer ADBE stock price movement for the moving average to change course.
Adobe Systems Bollinger Bands:
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the ADBE stock. Currently the stock price of $147.97 is in the lower range of Adobe Systems bollinger bands.
Adobe Systems Moving Average Convergence Divergence or MACD:
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The Adobe Systems MACD indicator is below 0 indicating a bearish trend.
Adobe Systems Relative Strength Index:
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 54.14 is the RSI value of ADBE stock. .