After completing its last trading session, Adobe Inc. (NASDAQ:ADBE) dropped by -0.8% – here is what that looked like (as of 2020-01-06):
What’s the reason for these moves? To understand this better, it is helpful to analyze some technical indicators. As we see it, you should pay the most attention to the following:
A Money Flow Index (MFI) of 100.0, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of 100.0, a Moving Average Convergence Divergence (MACD) of 0.011, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 3.499, an Accumulation/Distribution Index (ADI) of 3.499, an On-Balance Volume (OBV) of 873.764, and a Chaiikin Money Flow (CMF) of 334.43. 1.252
So what do these technical indicators mean? Let’s see. According to Trading View, this is what it all means:
So when putting all the technical indicators together, this is what you get. That’s what we have now, but please BE EDUCATED! Do your own research, and absolutely do not rely solely on the above – investigate things for yourself.