US Stocks · Confirmation week
Adobe drops 5.1% in the confirmation week, but buyers keep control of volume
US Stocks · Confirmation week
Our view last week
Adobe shares carved out a clean double bottom in the 193 area, then rebounded 8% to set the stage. This week the stock gains 6.1% and clears resistance in the 240 area, triggering a fresh buy signal: 2nd of 20 in our US Long ranking, with high but volatile signal strength. The weekly RSI stays neutral, and confirmation is still to come.
This week's summary
Adobe gives back 5.1% in the confirmation week of the buy signal that fired seven days ago, after breaking above the 240 area. The picture stays lively: weekly ADX is losing steam while the MACD improves, and on the daily chart buyers stay dominant, 83% of volume, even in the down session. Price is trading between the 50-day resistance in the 227 area and the pivot-point support in the 223 area, a tight corridor worth watching.
IQS Phase
36
ordinary
Signal Strength
66
medium
Sizing
STANDARD
Ranking
#45 / 124
US stocks in progress
Trade P&L %
-5.12%
from signal to today
Rank position
ranks 45th among the 124 Longs already running for US stocks in our ranking, with a signal strength of 66 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimeweak phase
Performanceweekly +0.17% · monthly -3.92%
ADBE belongs to the growth tech sector (reference ETF XLK). The sector is classified weak phase according to our weekly reading.
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