Resistance

Billion

Daily

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Adobe Stock (NASDAQ: ADBE)&nbsp; price surged nearly 7.65% in the last month.&nbsp;</a> </li> 
 <li> <span>2</span> <a>ADBE stock price escaped above the 50 EMA, showing strength.&nbsp;</a> </li> 
 <li> <span>3</span> <a>Adobe Inc. Company will announce quarterly results on Thursday, 14 September.&nbsp;</a> </li> 
</ul> 
<p>Adobe Inc. is yet to announce quarterly results on Thursday which might decide the next move of the stock price. The pre-earning sentiments are positive till now as the stock price gained 12% in the past 2 weeks.</p> 
<p>The daily chart shows that the price has been in a strong inclining trend for the last 2 quarters adding 65% to its value and continuing with the momentum to gain more than 22% in a quarter. The ADBE stock price has shown remarkable growth in the last 2 quarters.&nbsp;</p> 
<p>ADBE stock price prediction demonstrates that the stock price showed weak selling pressure in August and declined near the 50 EMA. The discounted price witnessed the buyer’s accumulation near the key moving average of 50 EMA and the price resumed with the ongoing trend.<br><br>Post the earnings release on September 14, the chart could show either profit booking or a surge toward the $600 mark. The company is expected to deliver a revenue of $4.866 Billion and earnings of 3.973 Billion.&nbsp;</p> 
<p><br>The analysts offering a 1-year price forecast for Adobe Inc. have a maximum estimate of $660 and a minimum estimate of $428. The analysts are expecting volatility in the stock with an upside potential of 17.78%.&nbsp;</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large"> 
  <img decoding="async" loading="lazy" width="1024" height="544" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-271-1024x544.png" alt="" class="wp-image-166913" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-271-1024x544.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-271-300x159.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-271-768x408.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-271-750x398.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-271-1140x605.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-271.png 1463w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    Source: barchart.com 
  </figcaption> 
 </figure> 
</div> 
<p>ADBE stock option-chain analysis states that the current implied volatility in the market is 36.27% with a decrement of 2.27% in the last trading session. The nearest support of $550 has an OI of 487 open contracts on the CALL side and&nbsp; 852 open contracts on the PUT side indicating that the buyers are in dominance at the support and the price might continue to surge to the upper levels.&nbsp;&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-adbe-stock-price-bounced-back-from-the-lower-levels-strong"><strong>ADBE Stock Price Bounced Back From The Lower Levels&nbsp;</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large"> 
  <img decoding="async" loading="lazy" width="1024" height="478" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-272-1024x478.png" alt="Adobe Stock Price Forecast: Can ADBE Make It Over $600 Mark?" class="wp-image-166914" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-272-1024x478.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-272-300x140.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-272-768x359.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-272-1536x717.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-272-750x350.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-272-1140x532.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-272.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    Source: Adobe Inc.&nbsp; 1D. NASDAQ By <a href="https://www.tradingview.com/x/3wB4g70u/" rel="noopener noreferrer nofollow">TradingView</a> 
  </figcaption> 
 </figure> 
</div> 
<p>The ADBE stock price currently trades at $560.36 and inclining upwards after gaining buyers’ support from the 50 EMA in the short term. Currently, the price is consolidating near the $560 level.. While analysts are bullish about the trend in the short term as the price has bounced back from lower levels, earnings could change that completely.</p> 
<h3 class="wp-block-heading" id="strong-emas-showing-strength-over-the-daily-chart-strong"><strong>EMAs Showing Strength Over the Daily Chart</strong></h3> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large"> 
  <img decoding="async" loading="lazy" width="1024" height="478" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-273-1024x478.png" alt="Adobe Stock Price Forecast: Can ADBE Make It Over $600 Mark?" class="wp-image-166915" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-273-1024x478.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-273-300x140.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-273-768x359.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-273-1536x717.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-273-750x350.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-273-1140x532.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-273.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    Source: Adobe Inc.&nbsp; 1D. NASDAQ By <a href="https://www.tradingview.com/x/3wB4g70u/" target="_blank" rel="noopener noreferrer nofollow">TradingView</a> 
  </figcaption> 
 </figure> 
</div> 
<p>The daily ADBE<a href="https://www.thecoinrepublic.com/2023/08/31/qualcomm-stock-will-qcom-stock-reach-140-by-the-end-of-2023/" target="_blank" rel="noopener noreferrer nofollow"> stock price</a> chart shows that the price is trading above the 50 and 200-day EMA indicating the dominance of buyers in the market.&nbsp;</p> 
<p>Currently, the overall technical opinion rating including RSI and MACD is signaling a 90% buy with a strengthening short-term outlook on maintaining the current direction.</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>Adobe Inc. (ADBE) is a software company that has been growing fast in the last two quarters. The stock price rose 12% in the last two weeks and is near $560. The company will announce its quarterly earnings on September 14th which may affect the stock price. The analysts predict a revenue of $4.866 Billion and earnings of $3.973 Billion. They also expect the stock price to range from $428 to $660 in a year with an upside potential of 17.78%. The stock price may face volatility after the results.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<ul> 
 <li><strong>Support levels:</strong> $537.58 and $509.89</li> 
 <li><strong>Resistance levels:</strong> $580.36 and $598.73</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.&nbsp;</p>

Adobe Stock Price Forecast: Can ADBE Make It Over $600 Mark?

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