Adobe rebounds 11.2% after a weak confirmation week
Adobe stock rebounds 11.2% after a weak confirmation week
Adobe rebounds 11.2% after a weak confirmation week
Our view last week
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.
This week's summary
After a confirmation week that closed down 5.1%, Adobe stock rebounds 11.2%, with buyers almost fully in control of daily volume, 97%. The buy signal, which fired two weeks ago, stays lit but with a caveat: weekly buyer dominance is fading. Technical analysis puts Adobe 56th among the 120 open US buys, with setup quality still ordinary.
IQS Phase
55
ordinary
Signal Strength
59
medium
Sizing
STANDARD
Ranking
#56 / 120
US stocks in progress
Trade P&L %
+5.55%
from signal to date, no stop loss
Rank position
ranks 56th among the 120 Longs already running for US stocks in our ranking, with a signal strength of 59 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimeweak phase
Performanceweekly -0.30% · monthly -5.53%
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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