Want to know Adobe’s current price and what’s next for ADBE stock? On this page, we share the latest Adobe news and tips on buying stocks. You can also view the latest Adobe stock forecast for 2021 and 2022 from our experts.
Should you buy or sell Adobe stock today? To what levels can the shares of this company rise in a year, two, three? How much will Adobe paper cost in 2021, 2022, 2023? We have been making currency rate forecasts for a long time, and we can also predict the behavior of the stock market using technical analysis and simple indicators.
We also take into account the technical, fundamental analysis of stocks, the news background, the general geopolitical situation in the world and other, smaller factors. The stock forecasts indicate target levels for ADBE stock, both up and down.
Adobe stock Forecast for 2022 and 2023
Adobe quotes continue to move within the framework of strong growth and confidently update local highs. Moving averages indicate a short-term bullish trend for ADBE. Prices have broken through the area between the signal lines up, which indicates pressure from buyers of securities and a likely continuation of the rise in the near future. At the time of publication of the forecast, the share price is 665.89. As part of the forecast, we should expect an attempt to develop a correction and test the support level near the area of 575.05. Further, a rebound and continued rise in the value of securities. The potential target of such a movement is the area above the level of 900.05 already in 2021, 2022, 2023.
An additional signal in favor of the rise in Adobe quotes will be a test of the trend line on the relative strength index (RSI), as we can see, the price is constantly pushing up at the time of this test. The second signal will be a rebound from the lower border of the long-term bullish channel. Cancellation of the growth option for Adobe stock quotes will be a fall and a breakdown of the level of 475.05. This will indicate a breakdown of the support area and the lower border of the channel, in which case we can consider the continuation of the fall of securities to the area at the level of 285.05. It is worth expecting an acceleration of the rise in shares with a breakdown of the resistance area and closing above the level of 705.05, which will indicate a breakdown of the upper limit of the bullish channel.
Adobe stock Forecast for 2022 and 2023 suggests the development of a correction and a test of the support area near the level of 575.05. Where should we expect a rebound and an attempt to continue the rise of shares in the area above the level of 900.05. A test of the trend line on the relative strength index (RSI) will come out in favor of the growth of securities. Cancellation of the ABT rise option will be a fall and a breakdown of the level of 475.05. This will indicate a breakdown of support and a continuation of the fall in value to the area below the level of 285.05.
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