Menu
Brokers
MT4 Forex Brokers
MT5 Forex brokers
PayPal Brokers
Skrill Brokers
Oil Trading Brokers
Gold Trading Brokers
Web Browser Platform
Brokers with CFD Trading
ECN Brokers
Bitcoin FX Brokers
PAMM Forex Brokers
With Cent Accounts
With High Leverage
Cryptocurrency Brokers
Forums
All threads
New threads
New posts
Trending
Search forums
What's new
New threads
New posts
Latest activity
Log in
Register
Search
Search titles only
By:
Search titles only
By:
Menu
Install the app
Install
Reply to thread
Forums
Forex Discussions
Commodities, Stocks, and Indices
Indices Updates by Solid ECN
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Message
[QUOTE="Solid ECN, post: 206639, member: 83167"] [HEADING=1]Adobe Inc, the decline in the horizontal range may resume[/HEADING] Adobe Inc. stocks have been trading in a downtrend since November last year, but the price has spent the last two months in a sideways range of 468.75-406.25 (Murray [3/8]-[1/8]), which was caused by increasing geopolitical uncertainty due to the start of a special military operation in Ukraine. In early March, the company announced the termination of sales of new products and services in Russia and Belarus, and later the management of Adobe Inc. lowered the forecast of profit growth for the 2022 fiscal year by 87M dollars, to 4.34B dollars. Analysts believe that the fighting will lead to the termination of the implementation of the company's developments in the European region as a whole, and not only in countries that have fallen under sanctions, which explains the likely drop in profits. Nevertheless, the current financial performance of the company looks encouraging, which constrains the decline in quotations. In particular, in Q1 2022, the issuer's net profit amounted to 1.266B dollars, which is higher than in the same period a year earlier, while revenue was fixed at 4.36B dollars, an increase of 9% compared to last year. [ATTACH type="full"]20925[/ATTACH] [B]Support and resistance[/B] Technically, the price rose to the level of 468.75 (Murray [3/8]), but it could not break through it and began to decline, the targets of which are 437.5 (Murray [2/8], the middle line of the Bollinger Bands) and 406.25 (Murray [1/8], the lower line of the Bollinger Bands). If the asset consolidates above 468.75 and the middle line of the Bollinger Bands (475.00), the upward dynamics may continue to the levels of 500.00 (Murray [4/8]) and 531.25 (Murray [5/8]). Technical indicators do not give a single signal: the Bollinger Bands are directed horizontally, the Stochastic reverses down from the overbought zone, but the MACD histogram decreases in the negative zone. [B]Resistance levels[/B]: 475, 500, 531.25 | [B]Support levels[/B]: 437.5, 406.25. [/QUOTE]
Insert quotes…
Verification
Post reply
Top
Bottom
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…