Adobe may rise to 616.00 - 630.00

Our pivot point stands at 545.

Our preference

The upside prevails as long as 545 is support.

Alternative scenario

Below 545, expect 521 and 507.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 556.653 and 552.1844).

Supports and resistances

644 **

630 *

616 **

601

567.93 (USD-last)

554

545 **

521 *

507 **

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