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.%
1.1238
-0.0035
0.3096%
1.2485
-0.0090
0.7129%
16.105
0.887
5.829%
56.584
-3.748
6.212%
63.60
-0.06
0.09%
1421.705
6.210
0.439%
 
 
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