Adobe may fall to 462.00 - 474.00

Our pivot point is at 549.

Our preference

The downside prevails as long as 549 is resistance.

Alternative scenario

Above 549, look for 571 and 584.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 543.1455 and 522.0888).

Supports and resistances

584 **

571 *

549 **

540

513.51 (USD-last)

487

474 **

462 *

449 **

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