Adobe may fall to 409.00 - 421.00

Our pivot point stands at 486.

Our preference

The downside prevails as long as 486 is resistance.

Alternative scenario

The upside breakout of 486 would call for 507 and 520.

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 470.7815 and 477.2944).

Supports and resistances

520 **

507 *

486 **

477

465.43 (USD-last)

433

421 **

409 *

396 **

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