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.% | ||
|---|---|---|---|---|---|
|
|
|
1.1238
|
-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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