Adobe Systems Technical Analysis (NASDAQ:ADBE)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. The ADBE stock chart pattern can give those who understand technical analysis an indication of which way ADBE stock is headed, but cannot predict with 100% certainty as to what can happen to the Adobe Systems stock price.
View technical indicators like moving averages - SMA and EMA, 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
Moving averages help predict the price direction of ADBE stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Adobe Systems are mostly signals of long term trends and will help long term traders.
Adobe Systems Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Adobe Systems. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Adobe Systems bollinger bands show that the stock price is $202.98, upper band is 205.95, lower band is 186.76, and the average is 196.35.
Adobe Systems Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Adobe Systems MACD indicator can be used to identify bullish and bearish trends for the stock.
Adobe Systems Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. The relative strength index of ADBE stock is 56.54.