Adobe may fall to 420.00 - 436.00

528 is our pivot point.

Our preference

The downside prevails as long as 528 is resistance.

Alternative scenario

Above 528, look for 557 and 574.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 524.8545 and 540.0026).

Supports and resistances

574 **

557 *

528 **

516

487.3 (USD-last)

453

436 **

420 *

403 **

Number of asterisks represents the strength of support and resistance levels.