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Adobe Inc
Buy, Hold or Sell?

Let's analyse Adobe Inc together

PenkeI guess you are interested in Adobe Inc. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Adobe Inc. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Adobe Inc (30 sec.)










What can you expect buying and holding a share of Adobe Inc? (30 sec.)

How much money do you get?

How much money do you get?
‚ā¨0.00
When do you have the money?
1 year
How often do you get paid?
0.0%

What is your share worth?

Current worth
‚ā¨31.88
Expected worth in 1 year
‚ā¨34.84
How sure are you?
77.8%

+ What do you gain per year?

Total Gains per Share
‚ā¨2.97
Return On Investment
0.6%

For what price can you sell your share?

Current Price per Share
‚ā¨498.35
Expected price per share
‚ā¨401.15 - ‚ā¨534.60
How sure are you?
50%

1. Valuation of Adobe Inc (5 min.)




Live pricePrice per Share (EOD)

‚ā¨498.35

Intrinsic Value Per Share

‚ā¨57.61 - ‚ā¨63.33

Total Value Per Share

‚ā¨89.48 - ‚ā¨95.21

2. Growth of Adobe Inc (5 min.)




Is Adobe Inc growing?

Current yearPrevious yearGrowGrow %
How rich?$15.4b$14.1b$1.4b9.5%

How much money is Adobe Inc making?

Current yearPrevious yearGrowGrow %
Making money$1.2b$1.1b$16m1.3%
Net Profit Margin24.2%26.3%--

How much money comes from the company's main activities?

3. Financial Health of Adobe Inc (5 min.)




4. Comparing to competitors in the Other industry (5 min.)




  Industry Rankings (Other)  

What can you expect buying and holding a share of Adobe Inc? (5 min.)

Welcome investor! Adobe Inc's management wants to use your money to grow the business. In return you get a share of Adobe Inc.

What can you expect buying and holding a share of Adobe Inc?

First you should know what it really means to hold a share of Adobe Inc. And how you can make/lose money.

Speculation

The Price per Share of Adobe Inc is ‚ā¨498.35. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Adobe Inc.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Adobe Inc, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is ‚ā¨31.88. Based on the TTM, the Book Value Change Per Share is ‚ā¨0.74 per quarter. Based on the YOY, the Book Value Change Per Share is ‚ā¨0.41 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is ‚ā¨0.00 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Adobe Inc.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 ‚ā¨% of Price per Share‚ā¨% of Price per Share‚ā¨% of Price per Share‚ā¨% of Price per Share‚ā¨% of Price per Share
Usd Eps1.370.3%2.640.5%2.550.5%2.310.5%2.200.4%
Usd Book Value Change Per Share-2.18-0.4%0.790.2%0.440.1%1.900.4%1.900.4%
Usd Dividend Per Share0.000.0%0.000.0%0.000.0%0.000.0%0.000.0%
Usd Total Gains Per Share-2.18-0.4%0.790.2%0.440.1%1.900.4%1.900.4%
Usd Price Per Share554.84-532.59-374.73-429.25-420.70-
Price to Earnings Ratio101.34-57.37-36.93-41.50-39.52-
Price-to-Total Gains Ratio-255.06-157.76-210.44-139.40-139.40-
Price to Book Ratio16.26-15.44-12.32-13.79-13.13-
Price-to-Total Gains Ratio-255.06-157.76-210.44-139.40-139.40-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share533.583345
Number of shares1
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.00
Usd Book Value Change Per Share0.791.90
Usd Total Gains Per Share0.791.90
Gains per Quarter (1 shares)0.791.90
Gains per Year (1 shares)3.187.58
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
103-708-2
206-40156
3010-102314
4013203022
5016503830
6019804638
70221105346
80251406154
90291706862
100322007670

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share4.00.00.0100.0%12.00.00.0100.0%18.00.00.0100.0%18.00.00.0100.0%18.00.00.0100.0%
Book Value Change Per Share3.01.00.075.0%9.03.00.075.0%14.04.00.077.8%14.04.00.077.8%14.04.00.077.8%
Dividend per Share0.00.04.00.0%0.00.012.00.0%0.00.018.00.0%0.00.018.00.0%0.00.018.00.0%
Total Gains per Share3.01.00.075.0%9.03.00.075.0%14.04.00.077.8%14.04.00.077.8%14.04.00.077.8%

Fundamentals of Adobe Inc

About Adobe Inc

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There is no Profile data available for ADB.BE.

Fundamental data was last updated by Penke on 2024-06-06 02:06:02.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is less efficient in making profit.
Using its investors money, the company is less efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is just able to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is expensive.
Based on the earnings, the company is expensive.
Based on how much money comes from the company's main activities, the company is fair priced.

1.1. Profitability of Adobe Inc.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit¬†Adobe Inc earns for each €1 of revenue.

  • Above 10% is considered healthy but always compare¬†Adobe Inc to the¬†Other industry mean.
  • A Net Profit Margin of 12.0%¬†means that¬†€0.12 for each €1¬†in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Adobe Inc:

  • The MRQ is 12.0%. The company is making a huge profit. +2
  • The TTM is 24.2%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ12.0%TTM24.2%-12.3%
TTM24.2%YOY26.3%-2.1%
TTM24.2%5Y29.7%-5.5%
5Y29.7%10Y29.6%+0.2%
Compared to industry (Other)
PeriodCompanyIndustry (mean)+/- 
MRQ12.0%5.6%+6.4%
TTM24.2%5.2%+19.0%
YOY26.3%6.0%+20.3%
5Y29.7%6.0%+23.7%
10Y29.6%6.1%+23.5%
1.1.2. Return on Assets

Shows how efficient Adobe Inc is using its assets to generate profit.

  • Above 5% is considered healthy¬†but always compare¬†Adobe Inc to the¬†Other industry mean.
  • 2.2% Return on Assets means that¬†Adobe Inc generated¬†€0.02 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Adobe Inc:

  • The MRQ is 2.2%. Using its assets, the company is less efficient in making profit.
  • The TTM is 4.2%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ2.2%TTM4.2%-2.0%
TTM4.2%YOY4.4%-0.3%
TTM4.2%5Y4.6%-0.5%
5Y4.6%10Y4.6%+0.1%
Compared to industry (Other)
PeriodCompanyIndustry (mean)+/- 
MRQ2.2%1.2%+1.0%
TTM4.2%1.0%+3.2%
YOY4.4%1.4%+3.0%
5Y4.6%1.1%+3.5%
10Y4.6%1.3%+3.3%
1.1.3. Return on Equity

Shows how efficient Adobe Inc is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare¬†Adobe Inc to the¬†Other industry mean.
  • 4.0% Return on Equity means Adobe Inc generated €0.04¬†for each¬†€1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Adobe Inc:

  • The MRQ is 4.0%. Using its investors money, the company is inefficient in making profit. -1
  • The TTM is 7.7%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ4.0%TTM7.7%-3.6%
TTM7.7%YOY8.4%-0.7%
TTM7.7%5Y8.7%-1.0%
5Y8.7%10Y8.6%+0.1%
Compared to industry (Other)
PeriodCompanyIndustry (mean)+/- 
MRQ4.0%3.5%+0.5%
TTM7.7%3.2%+4.5%
YOY8.4%4.6%+3.8%
5Y8.7%3.7%+5.0%
10Y8.6%3.7%+4.9%

1.2. Operating Efficiency of Adobe Inc.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Adobe Inc is operating .

  • Measures how much profit Adobe Inc makes for each €1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare¬†Adobe Inc to the¬†Other industry mean.
  • An Operating Margin of 0.0%¬†means the company generated €0.00 ¬†for each €1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Adobe Inc:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.0%
TTM-YOY-0.0%
TTM-5Y15.6%-15.6%
5Y15.6%10Y16.4%-0.9%
Compared to industry (Other)
PeriodCompanyIndustry (mean)+/- 
MRQ-15.2%-15.2%
TTM-9.7%-9.7%
YOY-8.7%-8.7%
5Y15.6%5.7%+9.9%
10Y16.4%7.1%+9.3%
1.2.2. Operating Ratio

Measures how efficient Adobe Inc is keeping operating costs low.

  • Below 1 is considered healthy (always compare to¬†Other industry mean).
  • An Operation Ratio of 0.75 means that the operating costs are €0.75 for each €1 in net sales.

Let's take a look of the Operating Ratio trends of Adobe Inc:

  • The MRQ is 0.746. The company is efficient in keeping operating costs low. +1
  • The TTM is 0.770. The company is efficient in keeping operating costs low. +1
Trends
Current periodCompared to+/- 
MRQ0.746TTM0.770-0.024
TTM0.770YOY0.784-0.014
TTM0.7705Y0.787-0.017
5Y0.78710Y0.792-0.005
Compared to industry (Other)
PeriodCompanyIndustry (mean)+/- 
MRQ0.7461.227-0.481
TTM0.7701.249-0.479
YOY0.7841.239-0.455
5Y0.7871.257-0.470
10Y0.7921.360-0.568

1.3. Liquidity of Adobe Inc.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Adobe Inc is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to¬†Other industry mean).
  • A Current Ratio of 1.05¬†means the company has €1.05 in assets for each €1 in short-term debts.

Let's take a look of the Current Ratio trends of Adobe Inc:

  • The MRQ is 1.049. The company is just able to pay all its short-term debts.
  • The TTM is 1.200. The company is just able to pay all its short-term debts.
Trends
Current periodCompared to+/- 
MRQ1.049TTM1.200-0.150
TTM1.200YOY1.110+0.089
TTM1.2005Y1.159+0.041
5Y1.15910Y1.149+0.009
Compared to industry (Other)
PeriodCompanyIndustry (mean)+/- 
MRQ1.0491.411-0.362
TTM1.2001.488-0.288
YOY1.1101.544-0.434
5Y1.1591.542-0.383
10Y1.1491.493-0.344
1.3.2. Quick Ratio

Measures if Adobe Inc is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but¬†always compare¬†Adobe Inc to the¬†Other industry mean.
  • A Quick Ratio of 0.28¬†means the company can pay off €0.28 for each €1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Adobe Inc:

  • The MRQ is 0.275. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.329. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.275TTM0.329-0.054
TTM0.329YOY0.475-0.147
TTM0.3295Y0.450-0.122
5Y0.45010Y0.454-0.004
Compared to industry (Other)
PeriodCompanyIndustry (mean)+/- 
MRQ0.2750.564-0.289
TTM0.3290.562-0.233
YOY0.4750.578-0.103
5Y0.4500.603-0.153
10Y0.4540.603-0.149

1.4. Solvency of Adobe Inc.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Adobe Inc assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare¬†Adobe Inc to Other industry mean.
  • A Debt to Asset Ratio of 0.46¬†means that Adobe Inc assets are¬†financed with 46.2% credit (debt) and the remaining percentage (100% - 46.2%)¬†is financed by its owners/shareholders.¬†

Let's take a look of the Debt to Asset Ratio trends of Adobe Inc:

  • The MRQ is 0.462. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.458. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.462TTM0.458+0.004
TTM0.458YOY0.470-0.012
TTM0.4585Y0.471-0.013
5Y0.47110Y0.472-0.001
Compared to industry (Other)
PeriodCompanyIndustry (mean)+/- 
MRQ0.4620.529-0.067
TTM0.4580.526-0.068
YOY0.4700.558-0.088
5Y0.4710.562-0.091
10Y0.4720.569-0.097
1.4.2. Debt to Equity Ratio

Measures if Adobe Inc is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but¬†always compare¬†Adobe Inc to the¬†Other industry mean.
  • A Debt to Equity ratio of 86.0% means that company has €0.86 debt for each €1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Adobe Inc:

  • The MRQ is 0.860. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.846. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.860TTM0.846+0.014
TTM0.846YOY0.888-0.043
TTM0.8465Y0.892-0.046
5Y0.89210Y0.896-0.004
Compared to industry (Other)
PeriodCompanyIndustry (mean)+/- 
MRQ0.8601.113-0.253
TTM0.8461.112-0.266
YOY0.8881.265-0.377
5Y0.8921.333-0.441
10Y0.8961.470-0.574

2. Market Valuation of Adobe Inc

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures¬†how much money you pay¬†for each share for¬†every €1 in earnings Adobe Inc generates.

  • Above 15 is considered overpriced but¬†always compare¬†Adobe Inc to the¬†Other industry mean.
  • A PE ratio of 101.34 means the investor is paying €101.34¬†for every €1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Adobe Inc:

  • The EOD is 97.462. Based on the earnings, the company is expensive. -2
  • The MRQ is 101.344. Based on the earnings, the company is expensive. -2
  • The TTM is 57.370. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD97.462MRQ101.344-3.882
MRQ101.344TTM57.370+43.974
TTM57.370YOY36.933+20.437
TTM57.3705Y41.500+15.870
5Y41.50010Y39.524+1.976
Compared to industry (Other)
PeriodCompanyIndustry (mean)+/- 
EOD97.46213.682+83.780
MRQ101.34411.612+89.732
TTM57.37011.289+46.081
YOY36.93311.323+25.610
5Y41.50011.874+29.626
10Y39.52412.537+26.987
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Adobe Inc:

  • The EOD is 53.145. Based on how much money comes from the company's main activities, the company is overpriced. -1
  • The MRQ is 55.262. Based on how much money comes from the company's main activities, the company is overpriced. -1
  • The TTM is 39.638. Based on how much money comes from the company's main activities, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD53.145MRQ55.262-2.117
MRQ55.262TTM39.638+15.624
TTM39.638YOY24.290+15.349
TTM39.6385Y30.522+9.117
5Y30.52210Y29.068+1.453
Compared to industry (Other)
PeriodCompanyIndustry (mean)+/- 
EOD53.1455.574+47.571
MRQ55.2625.366+49.896
TTM39.6385.328+34.310
YOY24.2901.949+22.341
5Y30.5222.726+27.796
10Y29.0683.588+25.480
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Adobe Inc is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy¬†(always compare to Other industry mean).
  • A PB ratio of 16.26 means the investor is paying €16.26¬†for each €1 in book value.

Let's take a look of the Price to Book Ratio trends of Adobe Inc:

  • The EOD is 15.634. Based on the equity, the company is expensive. -2
  • The MRQ is 16.257. Based on the equity, the company is expensive. -2
  • The TTM is 15.437. Based on the equity, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD15.634MRQ16.257-0.623
MRQ16.257TTM15.437+0.820
TTM15.437YOY12.319+3.119
TTM15.4375Y13.786+1.651
5Y13.78610Y13.130+0.656
Compared to industry (Other)
PeriodCompanyIndustry (mean)+/- 
EOD15.6341.683+13.951
MRQ16.2571.351+14.906
TTM15.4371.357+14.080
YOY12.3191.375+10.944
5Y13.7861.564+12.222
10Y13.1301.629+11.501
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Adobe Inc compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share---2.0320.742-374%0.412-593%1.771-215%1.771-215%
Book Value Per Share--31.87632.122-1%28.449+12%24.546+30%23.377+36%
Current Ratio--1.0491.200-13%1.110-5%1.159-9%1.149-9%
Debt To Asset Ratio--0.4620.458+1%0.470-2%0.471-2%0.472-2%
Debt To Equity Ratio--0.8600.846+2%0.888-3%0.892-4%0.896-4%
Dividend Per Share----0%-0%-0%-0%
Eps--1.2782.462-48%2.381-46%2.160-41%2.057-38%
Free Cash Flow Per Share--2.3443.327-30%3.677-36%3.200-27%3.200-27%
Free Cash Flow To Equity Per Share---2.0430.607-437%0.537-480%0.685-398%0.685-398%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--63.335--------
Intrinsic Value_10Y_min--57.609--------
Intrinsic Value_1Y_max--12.757--------
Intrinsic Value_1Y_min--12.534--------
Intrinsic Value_3Y_max--33.445--------
Intrinsic Value_3Y_min--32.028--------
Intrinsic Value_5Y_max--48.242--------
Intrinsic Value_5Y_min--45.198--------
Market Cap--234744600000.000226296850000.000+4%162807387830.700+44%176422517083.640+33%168021444841.562+40%
Net Profit Margin--0.1200.242-51%0.263-55%0.297-60%0.296-60%
Operating Margin----0%-0%0.156-100%0.164-100%
Operating Ratio--0.7460.770-3%0.784-5%0.787-5%0.792-6%
Pb Ratio15.634-4%16.25715.437+5%12.319+32%13.786+18%13.130+24%
Pe Ratio97.462-4%101.34457.370+77%36.933+174%41.500+144%39.524+156%
Price Per Share498.350-4%518.200497.425+4%349.988+48%400.910+29%392.920+32%
Price To Free Cash Flow Ratio53.145-4%55.26239.638+39%24.290+128%30.522+81%29.068+90%
Price To Total Gains Ratio-245.288+4%-255.058157.760-262%210.435-221%139.400-283%139.400-283%
Quick Ratio--0.2750.329-16%0.475-42%0.450-39%0.454-39%
Return On Assets--0.0220.042-48%0.044-51%0.046-53%0.046-53%
Return On Equity--0.0400.077-48%0.084-52%0.087-54%0.086-53%
Total Gains Per Share---2.0320.742-374%0.412-593%1.771-215%1.771-215%
Usd Book Value--15460522548.00015648528902.400-1%14154228396.750+9%13331381635.470+16%13166640541.218+17%
Usd Book Value Change Per Share---2.1750.795-374%0.441-593%1.896-215%1.896-215%
Usd Book Value Per Share--34.12934.393-1%30.460+12%26.281+30%25.029+36%
Usd Dividend Per Share----0%-0%-0%-0%
Usd Eps--1.3692.636-48%2.549-46%2.313-41%2.203-38%
Usd Free Cash Flow--1137038430.6001621804815.150-30%1829811845.550-38%1537259657.620-26%1509209771.471-25%
Usd Free Cash Flow Per Share--2.5103.563-30%3.937-36%3.427-27%3.427-27%
Usd Free Cash Flow To Equity Per Share---2.1880.650-437%0.575-480%0.733-398%0.733-398%
Usd Market Cap--251341043220.000242296037295.000+4%174317870150.330+44%188895589041.453+33%179900560991.860+40%
Usd Price Per Share533.583-4%554.837532.593+4%374.732+48%429.254+29%420.699+32%
Usd Profit--620020956.0001200290568.450-48%1184290027.650-48%1158199995.837-46%1135155414.575-45%
Usd Revenue--5182175151.6004984168459.200+4%4499902091.550+15%3971151770.393+30%3905908062.849+33%
Usd Total Gains Per Share---2.1750.795-374%0.441-593%1.896-215%1.896-215%
 EOD+5 -1MRQTTM+5 -27YOY+10 -225Y+10 -2310Y+10 -23

3.2. Fundamental Score

Let's check the fundamental score of Adobe Inc based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1597.462
Price to Book Ratio (EOD)Between0-115.634
Net Profit Margin (MRQ)Greater than00.120
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.275
Current Ratio (MRQ)Greater than11.049
Debt to Asset Ratio (MRQ)Less than10.462
Debt to Equity Ratio (MRQ)Less than10.860
Return on Equity (MRQ)Greater than0.150.040
Return on Assets (MRQ)Greater than0.050.022
Total4/10 (40.0%)

3.3. Technical Score

Let's check the technical score of Adobe Inc based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5071.695
Ma 20Greater thanMa 50443.435
Ma 50Greater thanMa 100444.591
Ma 100Greater thanMa 200476.159
OpenGreater thanClose488.900
Total1/5 (20.0%)



Latest Balance Sheet

Balance Sheet of 2024-02-29. Currency in USD. All numbers in thousands.

Summary
Total Assets28,751,000
Total Liabilities13,291,000
Total Stockholder Equity15,460,000
 As reported
Total Liabilities 13,291,000
Total Stockholder Equity+ 15,460,000
Total Assets = 28,751,000

Assets

Total Assets28,751,000
Total Current Assets10,008,000
Long-term Assets18,743,000
Total Current Assets
Cash And Cash Equivalents 6,254,000
Short-term Investments 566,000
Net Receivables 2,057,000
Other Current Assets 1,131,000
Total Current Assets  (as reported)10,008,000
Total Current Assets  (calculated)10,008,000
+/-0
Long-term Assets
Property Plant Equipment 2,354,000
Goodwill 12,803,000
Intangible Assets 1,011,000
Long-term Assets Other 1,265,000
Long-term Assets  (as reported)18,743,000
Long-term Assets  (calculated)17,433,000
+/- 1,310,000

Liabilities & Shareholders' Equity

Total Current Liabilities9,537,000
Long-term Liabilities3,754,000
Total Stockholder Equity15,460,000
Total Current Liabilities
Short Long Term Debt 1,497,000
Accounts payable 300,000
Total Current Liabilities  (as reported)9,537,000
Total Current Liabilities  (calculated)1,797,000
+/- 7,740,000
Long-term Liabilities
Long term Debt 2,138,000
Capital Lease Obligations Min Short Term Debt451,000
Long-term Liabilities Other 435,000
Long-term Liabilities  (as reported)3,754,000
Long-term Liabilities  (calculated)3,024,000
+/- 730,000
Total Stockholder Equity
Total Stockholder Equity (as reported)15,460,000
Total Stockholder Equity (calculated)0
+/- 15,460,000
Other
Common Stock Shares Outstanding 453,000
Net Invested Capital 19,095,000
Net Working Capital 471,000
Property Plant and Equipment Gross 2,354,000



Balance Sheet

Currency in USD. All numbers in thousands.

 Trend2024-02-292023-11-302023-08-312023-05-312023-02-282022-11-302022-08-312022-05-312022-02-282021-11-302021-08-312021-05-312021-02-282020-11-302020-08-312020-05-312020-02-292019-11-302019-08-312019-05-312019-02-28
> Total Assets 
19,505,536
19,665,909
20,054,880
20,762,400
21,214,000
21,603,000
22,414,000
24,284,000
24,985,000
25,582,000
26,144,000
27,241,000
25,976,000
26,326,000
26,744,000
27,165,000
26,667,000
27,838,000
29,090,000
29,779,000
28,751,000
28,751,00029,779,00029,090,00027,838,00026,667,00027,165,00026,744,00026,326,00025,976,00027,241,00026,144,00025,582,00024,985,00024,284,00022,414,00021,603,00021,214,00020,762,40020,054,88019,665,90919,505,536
   > Total Current Assets 
5,133,715
5,342,645
5,750,096
6,494,925
6,455,000
6,649,000
7,387,000
8,146,000
7,384,000
8,078,000
8,619,000
8,669,000
7,476,000
7,908,000
8,489,000
8,996,000
8,342,000
9,274,000
10,410,000
11,084,000
10,008,000
10,008,00011,084,00010,410,0009,274,0008,342,0008,996,0008,489,0007,908,0007,476,0008,669,0008,619,0008,078,0007,384,0008,146,0007,387,0006,649,0006,455,0006,494,9255,750,0965,342,6455,133,715
       Cash And Cash Equivalents 
1,738,846
2,082,910
2,209,047
2,650,221
2,688,000
3,044,000
3,767,000
4,478,000
3,452,000
4,250,000
4,623,000
3,844,000
2,739,000
3,365,000
3,870,000
4,236,000
4,072,000
5,456,000
6,601,000
7,141,000
6,254,000
6,254,0007,141,0006,601,0005,456,0004,072,0004,236,0003,870,0003,365,0002,739,0003,844,0004,623,0004,250,0003,452,0004,478,0003,767,0003,044,0002,688,0002,650,2212,209,0472,082,9101,738,846
       Short-term Investments 
1,487,411
1,396,069
1,441,741
1,526,755
1,483,000
1,307,000
1,497,000
1,514,000
1,511,000
1,518,000
1,541,000
1,954,000
1,962,000
1,934,000
1,894,000
1,860,000
1,581,000
1,145,000
915,000
701,000
566,000
566,000701,000915,0001,145,0001,581,0001,860,0001,894,0001,934,0001,962,0001,954,0001,541,0001,518,0001,511,0001,514,0001,497,0001,307,0001,483,0001,526,7551,441,7411,396,0691,487,411
       Net Receivables 
1,342,343
1,272,668
1,371,697
1,534,809
1,389,000
1,366,000
1,318,000
1,398,000
1,520,000
1,477,000
1,545,000
1,878,000
1,685,000
1,588,000
1,723,000
2,065,000
1,801,000
1,685,000
1,851,000
2,224,000
2,057,000
2,057,0002,224,0001,851,0001,685,0001,801,0002,065,0001,723,0001,588,0001,685,0001,878,0001,545,0001,477,0001,520,0001,398,0001,318,0001,366,0001,389,0001,534,8091,371,6971,272,6681,342,343
       Other Current Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
1,021,000
1,002,000
835,000
888,000
988,000
1,043,000
1,018,000
1,131,000
1,131,0001,018,0001,043,000988,000888,000835,0001,002,0001,021,0000000000000000
   > Long-term Assets 
542,938
14,323,264
14,304,784
14,267,475
14,759,000
14,954,000
15,027,000
16,138,000
17,601,000
17,504,000
17,525,000
18,572,000
18,500,000
18,418,000
18,255,000
18,169,000
18,325,000
18,564,000
18,680,000
18,695,000
18,743,000
18,743,00018,695,00018,680,00018,564,00018,325,00018,169,00018,255,00018,418,00018,500,00018,572,00017,525,00017,504,00017,601,00016,138,00015,027,00014,954,00014,759,00014,267,47514,304,78414,323,264542,938
       Property Plant Equipment 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2,315,000
2,369,000
2,421,000
2,409,000
2,388,000
2,354,000
2,354,0002,388,0002,409,0002,421,0002,369,0002,315,000000000000000000
       Goodwill 
10,707,715
10,697,874
10,688,068
10,691,199
10,691,000
10,695,000
10,739,000
10,742,000
11,845,000
11,859,000
11,838,000
12,668,000
12,795,000
12,801,000
12,756,000
12,787,000
12,792,000
12,796,000
12,800,000
12,805,000
12,803,000
12,803,00012,805,00012,800,00012,796,00012,792,00012,787,00012,756,00012,801,00012,795,00012,668,00011,838,00011,859,00011,845,00010,742,00010,739,00010,695,00010,691,00010,691,19910,688,06810,697,87410,707,715
       Intangible Assets 
2,017,103
1,917,149
1,815,625
1,720,565
1,626,000
1,535,000
1,445,000
1,359,000
1,729,000
1,641,000
1,557,000
1,820,000
1,743,000
1,650,000
1,548,000
1,449,000
1,354,000
1,258,000
1,167,000
1,088,000
1,011,000
1,011,0001,088,0001,167,0001,258,0001,354,0001,449,0001,548,0001,650,0001,743,0001,820,0001,557,0001,641,0001,729,0001,359,0001,445,0001,535,0001,626,0001,720,5651,815,6251,917,1492,017,103
> Total Liabilities 
9,634,051
9,734,216
9,812,107
10,232,245
10,749,000
10,722,000
10,701,000
11,020,000
11,439,000
11,730,000
11,730,000
12,444,000
12,201,000
12,341,000
12,371,000
13,114,000
12,461,000
13,000,000
13,314,000
13,261,000
13,291,000
13,291,00013,261,00013,314,00013,000,00012,461,00013,114,00012,371,00012,341,00012,201,00012,444,00011,730,00011,730,00011,439,00011,020,00010,701,00010,722,00010,749,00010,232,2459,812,1079,734,2169,634,051
   > Total Current Liabilities 
5,313,736
7,687,097
7,802,966
8,190,938
5,228,000
5,164,000
5,130,000
5,512,000
5,806,000
6,145,000
6,191,000
6,932,000
7,197,000
7,385,000
7,438,000
8,128,000
7,437,000
8,019,000
8,334,000
8,251,000
9,537,000
9,537,0008,251,0008,334,0008,019,0007,437,0008,128,0007,438,0007,385,0007,197,0006,932,0006,191,0006,145,0005,806,0005,512,0005,130,0005,164,0005,228,0008,190,9387,802,9667,687,0975,313,736
       Short-term Debt 
892,754
3,145,668
3,148,587
3,149,343
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
000000000000000003,149,3433,148,5873,145,668892,754
       Short Long Term Debt 
892,754
3,145,668
3,148,587
3,149,343
0
0
0
0
0
0
0
0
499,000
499,000
500,000
500,000
0
0
0
0
1,497,000
1,497,0000000500,000500,000499,000499,000000000003,149,3433,148,5873,145,668892,754
       Accounts payable 
145,292
169,101
186,999
209,499
265,000
289,000
229,000
306,000
254,000
312,000
331,000
312,000
295,000
366,000
316,000
379,000
308,000
346,000
314,000
314,000
300,000
300,000314,000314,000346,000308,000379,000316,000366,000295,000312,000331,000312,000254,000306,000229,000289,000265,000209,499186,999169,101145,292
       Other Current Liabilities 
0
0
60,792
32,531
8,000
5,000
5,000
4,000
0
0
0
0
0
0
151,000
0
0
0
8,000
0
0
008,000000151,0000000004,0005,0005,0008,00032,53160,79200
   > Long-term Liabilities 
4,320,315
2,047,119
2,009,141
2,041,307
5,521,000
5,558,000
5,571,000
5,508,000
5,633,000
5,585,000
5,539,000
5,512,000
5,004,000
4,956,000
4,933,000
4,986,000
5,024,000
4,981,000
4,980,000
5,010,000
3,754,000
3,754,0005,010,0004,980,0004,981,0005,024,0004,986,0004,933,0004,956,0005,004,0005,512,0005,539,0005,585,0005,633,0005,508,0005,571,0005,558,0005,521,0002,041,3072,009,1412,047,1194,320,315
       Long term Debt 
3,236,833
987,938
988,429
988,924
4,113,000
4,114,000
4,116,000
4,117,000
4,119,000
4,120,000
4,122,000
4,123,000
3,626,000
3,627,000
3,627,000
3,629,000
3,630,000
3,631,000
3,633,000
3,634,000
2,138,000
2,138,0003,634,0003,633,0003,631,0003,630,0003,629,0003,627,0003,627,0003,626,0004,123,0004,122,0004,120,0004,119,0004,117,0004,116,0004,114,0004,113,000988,924988,429987,9383,236,833
       Capital Lease Obligations 
0
0
0
0
598,000
583,000
610,000
591,000
588,000
573,000
563,000
550,000
540,000
532,000
514,000
504,000
496,000
482,000
463,000
446,000
451,000
451,000446,000463,000482,000496,000504,000514,000532,000540,000550,000563,000573,000588,000591,000610,000583,000598,0000000
       Long-term Liabilities Other 
168,433
165,040
169,787
173,056
191,000
196,000
221,000
223,000
248,000
259,000
269,000
252,000
262,000
257,000
253,000
293,000
323,000
347,000
352,000
376,000
435,000
435,000376,000352,000347,000323,000293,000253,000257,000262,000252,000269,000259,000248,000223,000221,000196,000191,000173,056169,787165,040168,433
> Total Stockholder Equity
9,871,485
9,931,693
10,242,773
10,530,155
10,465,000
10,881,000
11,713,000
13,264,000
13,546,000
13,852,000
14,414,000
14,797,000
13,775,000
13,985,000
14,373,000
14,051,000
14,206,000
14,838,000
15,776,000
16,518,000
15,460,000
15,460,00016,518,00015,776,00014,838,00014,206,00014,051,00014,373,00013,985,00013,775,00014,797,00014,414,00013,852,00013,546,00013,264,00011,713,00010,881,00010,465,00010,530,15510,242,7739,931,6939,871,485
   Common Stock000000000000000000000
   Retained Earnings 
12,579,311
13,183,938
13,976,701
14,828,562
15,390,000
16,428,000
17,383,000
19,611,000
20,521,000
21,538,000
22,750,000
23,905,000
24,961,000
26,022,000
27,158,000
28,319,000
29,435,000
30,609,000
32,012,000
33,346,000
33,809,000
33,809,00033,346,00032,012,00030,609,00029,435,00028,319,00027,158,00026,022,00024,961,00023,905,00022,750,00021,538,00020,521,00019,611,00017,383,00016,428,00015,390,00014,828,56213,976,70113,183,93812,579,311
   Capital Surplus 000000000000000000000
   Treasury Stock000000000000000000000
   Other Stockholders Equity 000000000000000000000



Balance Sheet

Currency in USD. All numbers in thousands.




Cash Flow

Currency in USD. All numbers in thousands.




Income Statement

Currency in USD. All numbers in thousands.


Latest Income Statement (annual, 2023-11-30)

Gross Profit (+$)
totalRevenue19,409,000
Cost of Revenue-2,354,000
Gross Profit17,055,00017,055,000
 
Operating Income (+$)
Gross Profit17,055,000
Operating Expense-12,759,000
Operating Income6,650,0004,296,000
 
Operating Expense (+$)
Research Development3,473,000
Selling General Administrative6,764,000
Selling And Marketing Expenses0
Operating Expense12,759,00010,237,000
 
Net Interest Income (+$)
Interest Income269,000
Interest Expense-113,000
Other Finance Cost-0
Net Interest Income156,000
 
Pretax Income (+$)
Operating Income6,650,000
Net Interest Income156,000
Other Non-Operating Income Expenses0
Income Before Tax (EBT)6,799,0006,657,000
EBIT - interestExpense = -113,000
5,428,000
5,541,000
Interest Expense113,000
Earnings Before Interest and Taxes (EBIT)06,912,000
Earnings Before Interest and Taxes (EBITDA)0
 
After tax Income (+$)
Income Before Tax6,799,000
Tax Provision-1,371,000
Net Income From Continuing Ops5,428,0005,428,000
Net Income5,428,000
Net Income Applicable To Common Shares0
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses0
Total Other Income/Expenses Net-7,000-156,000
 

Technical Analysis of Adobe Inc
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Adobe Inc. The general trend of Adobe Inc is BEARISH with 28.6% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Adobe Inc's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (-28.6%) Bearish trend (28.6%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Adobe Inc.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is -1/(-1 +1).

  • Around resistance: The price is trading arround resistance levels. This can be considered as a potential exit level. -1

The bullish price targets are: 490.50 < 496.00 < 534.60.

The bearish price targets are: 461.00 > 452.85 > 401.15.

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Adobe Inc Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging¬†trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Adobe Inc. The current mas is .

The long score for the Moving Averages is 5/14.
The longshort score for the Moving Averages is -4/(-14 +14).

  • MA 20 trending up: The MA 20 is trending up. +1
  • Close > MA 20: The price is above the MA 20. +1
  • MA 20 < MA 50: The MA 20 is lower than the MA 50. -1
  • MA 20 < MA 100: The MA 20 is lower than the MA 100. -1
  • MA 20 < MA 200: The MA 20 is lower than the MA 200. -1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 < MA 100: The MA 50 is lower than the MA 100. -1
  • MA 50 < MA 200: The MA 50 is lower than the MA 200. -1
  • MA 100 trending down: The MA 100 is trending down. -1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 < MA 200: The MA 100 is lower than the MA 200. -1
  • MA 200 trending down: The MA 200 is trending down. -1
  • Close < MA 200: The price is below the MA 200. -1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Adobe Inc Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a¬†lagging momentum¬†indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Adobe Inc. The current macd is 13.30.

The long score for the Moving Average Convergence/Divergence (MACD) is 4/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 4/(-4 +4).

  • MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Adobe Inc price going up in the near term. +2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Adobe Inc. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Adobe Inc price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1
Adobe Inc Daily Moving Average Convergence/Divergence (MACD) ChartAdobe Inc Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Adobe Inc. The current adx is 28.36.

The long score for the Directional Movement Index (DMI) is 4/7.
The longshort score for the Directional Movement Index (DMI) is 4/(-7 +7).

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Adobe Inc shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX > 25 && ADX trending up: The ADX is above 25 and indicates a strong bullish trend. The ADX is trending up, so the bullish trend is strengthening.
Adobe Inc Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows¬†the current trend.
  • Shows¬†potential entry signals.
  • Shows¬†¬†potential exit signals.
  • Can be used to place¬†trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Adobe Inc. The current sar is 421.08.

The long score for the Parabolic SAR is 1/1.
The longshort score for the Parabolic SAR is 1/(-1 +1).

  • Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1
Adobe Inc Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum¬†indicator, meaning the signals are instant.
  • Ranges¬†between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Adobe Inc. The current rsi is 71.70. The current phase is Overbought in bear market.

The long score for the Relative Strength Index (RSI) is 1/13.
The longshort score for the Relative Strength Index (RSI) is 0/(-13 +13).

  • Overbought in bear market: Short-term excessive buying, potential for relief decline. Consider shorting, be cautious of potential pullback. -1
  • Trending up: The RSI is trending up. +1
Adobe Inc Daily Relative Strength Index (RSI) ChartAdobe Inc Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading¬†momentum¬†indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges¬†between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Adobe Inc. The current phase is Overbought in bear market.

The long score for the Stochastic Oscillator is 6/6.
The longshort score for the Stochastic Oscillator is 6/(-6 +6).

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH > 80: The STOCH %K is above 80 and overbought. +2
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Adobe Inc price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
Adobe Inc Daily Stochastic Oscillator ChartAdobe Inc Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero,¬†the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Adobe Inc. The current cci is 126.26.

The long score for the Commodity Channel Index (CCI) is 1/1.
The longshort score for the Commodity Channel Index (CCI) is 1/(-1 +1).

  • CCI > 100: The CCI is above 100, it indicates that the price is significantly above its average, suggesting a potential overbought condition. +1
Adobe Inc Daily Commodity Channel Index (CCI) ChartAdobe Inc Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Adobe Inc. The current cmo is 56.53.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
Adobe Inc Daily Chande Momentum Oscillator (CMO) ChartAdobe Inc Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and¬†-100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Adobe Inc. The current willr is 0.

The long score for the Williams %R is 1/1.
The longshort score for the Williams %R is 1/(-1 +1).

  • WILLR > -20: The Williams %R is above -20. This indicates that the price is in overbought territory, suggesting a potential price correction or trend reversal to the downside. +1
Adobe Inc Daily Williams %R ChartAdobe Inc Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold¬†

Score

Let's take a look at the Bollinger Bands of Adobe Inc.

Adobe Inc Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Adobe Inc. The current atr is 12.59.

Adobe Inc Daily Average True Range (ATR) ChartAdobe Inc Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Adobe Inc. The current obv is 1,330.

Adobe Inc Daily On-Balance Volume (OBV) ChartAdobe Inc Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Adobe Inc. The current mfi is 44.90.

The long score for the Money Flow Index (MFI) is 0/2.
The longshort score for the Money Flow Index (MFI) is -1/(-2 +2).

  • MFI < 50: -1
Adobe Inc Daily Money Flow Index (MFI) ChartAdobe Inc Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Adobe Inc.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2024-02-01STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-02ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-06SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-07CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-08STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-12MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-13CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-15DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-16BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-19STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-21STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-23RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-27STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-29STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-01SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-04MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-05MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-07STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-11MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-03-12CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-13DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-14CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-03-15MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-18RSI LONG ENTRY SHORT CLOSE30 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-19STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-21STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-22WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-25STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-27STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-28STOCH SHORT EXITThe %K line crosses above the %D line.
2024-04-02STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-04-08STOCH SHORT EXITThe %K line crosses above the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-04-11MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-04-12STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-04-16STOCH SHORT EXITThe %K line crosses above the %D line.
2024-04-17STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-04-19CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-04-22STOCH SHORT EXITThe %K line crosses above the %D line.
2024-04-25STOCH LONG EXITThe %K line crosses below the %D line.
2024-04-26STOCH SHORT EXITThe %K line crosses above the %D line.
2024-04-29STOCH LONG EXITThe %K line crosses below the %D line.
2024-04-30CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-05-02STOCH SHORT EXITThe %K line crosses above the %D line.
2024-05-03CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-05-06SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-05-07STOCH LONG EXITThe %K line crosses below the %D line.
2024-05-09CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-05-13STOCH SHORT EXITThe %K line crosses above the %D line.
2024-05-14SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-05-15STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-05-16CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-05-17STOCH LONG EXITThe %K line crosses below the %D line.
2024-05-20STOCH SHORT EXITThe %K line crosses above the %D line.
2024-05-21STOCH LONG EXITThe %K line crosses below the %D line.
2024-05-22STOCH SHORT EXITThe %K line crosses above the %D line.
2024-05-24STOCH LONG EXITThe %K line crosses below the %D line.
2024-05-27CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-05-28MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-05-29MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-05-30MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-05-31ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-06-03STOCH SHORT EXITThe %K line crosses above the %D line.
2024-06-04RSI LONG ENTRY SHORT CLOSE30 crossover to upside
2024-06-07CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-06-10MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-06-11CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-06-12SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-06-13MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-06-14DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-06-17RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2024-06-20MFI LONG ENTRY SHORT CLOSE20 crossover to upside

6.3. Candlestick Patterns

Adobe Inc Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Adobe Inc based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5071.695
Ma 20Greater thanMa 50443.435
Ma 50Greater thanMa 100444.591
Ma 100Greater thanMa 200476.159
OpenGreater thanClose488.900
Total1/5 (20.0%)
Penke

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