Adobe in a hesitant place - Analysis - 15-05-2019

2019-05-15 13:25:21 GMT (Economies.com)
Adobe in a hesitant place - Analysis - 15-05-2019
 

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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