Resistance

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Adobe’s stock price is consolidating between the price range of $569.58 and $504.71.</a> </li> 
 <li> <span>2</span> <a>ADBE stock price-taking support at the level of 50-day EMA.</a> </li> 
</ul> 
<p>Adobe Inc. Stock (NASDAQ: ADBE) is trading in the bullish zone above the key moving averages and is showing bullish momentum. On the daily charts, Adobe stock is riding the uptrend and staying above the 50-day EMA.</p> 
<p>The price action suggests that the stock is ready for a significant upward movement, with potential price growth in the next sessions. Buyers are working hard to maintain these levels, showing their confidence in the stock’s upward direction.</p> 
<p>In the recent trading sessions, buyers demonstrated their strength. They also continued to make long positions and accumulated more of the stock to extend the uptrend. However, the stock price has been rejected from the level of $569.58. If the stock price breaks the following level it might smash new highs.</p> 
<p>Moreover, the price action still makes higher highs and higher lows on the charts, indicating that the stock is bullish and not willing to slow down.</p> 
<p>The chart structure indicates that buyers are ruling the trend, and the stock is gradually approaching $600, which will probably be attained soon. Investors are displaying a strong willingness to pursue this upward movement.</p> 
<p>At press time, Adobe Inc. stock is trading at $540.96 with an intraday gain of -2.66%, showing bearishness on the charts. Furthermore, the trading volume is 2.729 Million, and the market cap is $246.299 Billion.</p> 
<p>Adobe stock performance has faced some weakness in recent times as it dropped by 0.13% in a month and 3.40% in a week. However, in the rest of the year, the performance of the stock was phenomenal as it gave a positive return of 42.37% in 6 months and 59.03% year-to-date. Additionally, it gave a return of 79.70% last year.</p> 
<h2 class="wp-block-heading" id="strong-technical-analysis-will-adobe-stock-price-break-the-level-of-570-strong"><strong>Technical Analysis: Will Adobe Stock Price Break the Level Of $570</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img decoding="async" loading="lazy" width="1272" height="577" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-645.png" alt="Is Adobe Will Correct From Here: What's Next Moves In ADBE Stock?" class="wp-image-177598" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-645.png 1272w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-645-300x136.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-645-1024x465.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-645-768x348.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-645-750x340.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-645-1140x517.png 1140w" sizes="(max-width: 1272px) 100vw, 1272px">
  <figcaption class="wp-element-caption">
   Source: Adobe.1D.NASDAQ by TradingView
  </figcaption>
 </figure>
</div> 
<p>Currently, Adobe Inc. stock (NASDAQ: ADBE) is trading above the 50 and 200-day EMAs (exponential moving averages), which are supporting the price momentum in the 1-day timeframe.&nbsp;</p> 
<p>The current value of RSI is 51.85 points. The 14 SMA is above the median line at 55.30 points, indicating that the Adobe <a href="https://www.thecoinrepublic.com/2023/10/07/adobe-stock-adbe-stock-price-bounce-back-570-in-sights/">stock </a>price is bullish.The MACD line at 6.79 and the signal line at 4.22 are above the zero line. MACD curve and signal curve are in the bullish territory.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Summary</strong></h4> 
<p><a href="https://www.thecoinrepublic.com/2023/10/21/upst-stock-upstart-stock-break-crucial-support-level-what-next/" target="_blank" rel="noreferrer noopener">Adobe Inc. stock </a>(NASDAQ: ADBE) technical oscillators support the bullish trend in the long term. The MACD, RSI, and EMA are in the positive territory and imply that the uptrend may continue in the ADBE stock price. Price action suggests that the investors and traders are bullish on the 1-Day time frame. The price action reflects a bullish perspective at the moment.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<p>Support Levels: $529.37 and $503.44, where it could bounce back or stabilize.</p> 
<p>Resistance levels: $569.58 and $600.40, where it could reverse or consolidate.</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your own research before making any financial decisions.</p>

Will Adobe Correct From Here: What’s Next Moves In ADBE Stock?

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