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 (ADBE) rose amid positive signals from the RSI while trying to recoup recent losses, marking a profit of 0.66%, or 2.42 points, and settling at 368.48, with trading volumes surpassing 2.4 million shares, below 10-day averages of 3.5 million shares, amid the dominance of the main downward trend in the short term, with negative pressure from the 50-day SMA.
Therefore we expect the stock to return lower, targeting the support of 338.00, provided the resistance of 389.40 holds on.
Expected trend for today: Bearish