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.% | ||
|---|---|---|---|---|---|
|
|
|
1.1107
|
0.0209
|
1.9141%
|
|
|
|
|
1.2335
|
0.0149
|
1.2256%
|
|
|
|
Tadawul
|
7050.66
|
0.49
|
0.01%
|
|
|
|
|
17.799
|
0.688
|
4.021%
|
|
|
|
|
35.094
|
1.664
|
4.978%
|
|
|
|
|
35.31
|
0.02
|
0.06%
|
|
|
|
|
1730.450
|
2.590
|
0.150%
|
|
News Today
2020-05-29 17:21:28 GMT
2020-05-29 15:34:56 GMT
2020-05-29 12:43:19 GMT
2020-05-29 12:37:11 GMT