Adobe Inc.

Reversal or Slowdown

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I don't have adobe stock at the moment, I'm long adobe overall but afraid to dabble back in where its at now.

MACD:

Lower High in MACD:

The MACD making a lower high while the price is making higher highs could indicate weakening momentum.

Crossed Signal Line:

The MACD crossing below the signal line in October 2023 is a bearish signal, suggesting a potential shift in momentum.

Histogram at -.45:

The negative histogram value indicates that the MACD line is below the signal line, supporting the bearish momentum.

RSI:

Lower High in RSI:

The RSI making a lower high while the price is making higher highs is a bearish divergence, indicating potential weakening of the upward momentum.

RSI Value and MA:

An RSI of 63.78 is not in overbought territory, but the fact that it's making a lower high might suggest a loss of strength in the uptrend.
The RSI moving average (MA) at 63.42 also indicates a potential weakening of momentum.

Snapshot

Way above cloud, way above VP, Chaikin Osc bearish divergence

Snapshot

Bearish divergence on CCI,OBV,ROC, and CMF from price.

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