Adobe may rise to 552.00 - 570.00

Our pivot point stands at 468.

Our preference

Short term rebound towards 552.

Alternative scenario

Below 468, expect 439 and 421.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 506.3335 and 534.6892).

Supports and resistances

588 **

570 *

552 **

534

494.9 (USD-last)

480

468 **

439 *

421 **

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