Adobe suffers from negative pressures - Analysis - 04-01-2021

Economies.com
2022-01-04 10:33AM UTC

Adobe's stock (ADBE) declined 0.47% in the last session, settling at 564.37, amid the dominance of the downward correctional trend in the short term, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI after reaching overbought levels.

 

Therefore we expect more losses for the stock, targeting the support of 526.00, provided the support of 559.00 was breached.

 

Expected trend for today: Bearish

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