Adobe dominated by upward correctional trend - Analysis - 30-01-2023

Economies.com
2 months ago

Adobe's stock (ADBE) rose in the intraday levels amid the dominance of the upward correctional trend in the short term, while buoyed by piercing the main downward trend line recently, buoyed by trading above the 50-day SMA, with negative signals from the RSI after reaching overbought levels. 

 

Therefore we expect more gains for the stock, targeting the resistance of 396.40. 

 

Expected trend for today: Bullish

Stocks Technical Analysis

United States Analysis

Stocks

Harley Davidson tries to recoup some losses - Analysis - 31-03-2023
1 day ago
Harley Davidson's stock rose in the intraday levels, buoyed by positive signals from the RSI while ...
United States Analysis

Stocks

3M returns lower - Analysis - 31-03-2023
1 day ago
3M's stock (MMM) returned lower in the intraday levels amid the complete dominance of the main ...
United States Analysis

Stocks

Kohl's ends cautiously higher - Analysis - 31-03-2023
1 day ago
KOHL's Corporation's stock (KSS) rose in the intraday levels while trying to recoup some recent ...