Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
Adobe's stock kept falling in the short term after exiting an ascending price channel that guided recent medium-term trading, amid negative pressure from the 50-day SMA, coupled with negative signals from the RSI.
Therefore we expect more losses for the stock, especially if the support of 276.55 was breached, targeting the next one at 267.13.
Expected trend for today: Bearish