Adobe in a hesitant place - Analysis - 15-05-2019
2019-05-15 13:25:21 GMT
(Economies.com)
Adobe's stock rose in the last session after leaning on the support of the 50-day SMA, with positive signals from the RSI after reaching oversold levels, while hurt by piercing the upside short-term trend line.
Therefore we expect the stock to decline and target the support of 261.30, as long as it settles below the resistance of 277.00.
Expected trend for today: Bearish
| Symbol | Last | Change | Chg.% | ||
|---|---|---|---|---|---|
|
|
|
1.1165
|
0.0002
|
0.0152%
|
|
|
|
|
1.2723
|
-0.0014
|
0.1103%
|
|
|
|
|
14.466
|
0.049
|
0.336%
|
|
|
|
|
63.166
|
0.485
|
0.774%
|
|
|
|
|
72.05
|
-0.16
|
0.22%
|
|
|
|
|
1277.875
|
0.110
|
0.009%
|
|
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