Sell signal, week 4: the decline slows down
Adobe ends the week up 0.9% after a 30-day low the close did not confirm
Our view last week
While the tech sector gained 3.5%, Adobe dropped 5.4% and slid back to its 30-day lows: last week the decline had paused, now it is moving again. The price action is blunt, with sellers dominating the weekly bar, and money flow has dipped below zero after 6 weeks. For Adobe stock the sell signal is 6.6% in profit; our technical analysis, however, advises against fresh shorts this close to support.
This week's summary
Adobe carved out a fresh 30-day low this week, in the 225 area, yet the close did not confirm it and the week ended up 0.9%: after 4 straight weekly declines, the slide that restarted 7 days ago is slowing again. Price action stays weak, with contracting volumes and negative money flow. For Adobe stock the sell signal is 5.8% in profit, and our technical analysis still advises against fresh shorts this close to the lows.
IQS Phase
75
in tension
Signal Strength
13
decline losing steam
Sizing
MINIMUM
Ranking
#130 / 175
US stocks sell signals
Trade P&L %
+5.76%
from signal to date, no stop loss
Adobe (ADBE) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 130th among the 175 sell signals for US stocks in our ranking, with a signal strength of 13 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimein strong phase
Performanceweekly +1.80% · monthly +8.83%
ADBE belongs to the growth tech sector (reference ETF XLK). The sector is classified in strong phase according to our weekly reading.
restricted Platinum content