ADBE's decline since January 2024 appears to have been driven primarily by valuation reset and AI monetization concerns, rather than weakening business fundamentals.While sentiment around Adobe’s AI strategy has remained cautious, the company continues to show resilient revenue growth and increasing AI adoption through Firefly and its broader ecosystem.
From a technical perspective, the weekly chart may be showing early signs of bottom formation after an extended downtrend. Momentum has slowed and price appears to be transitioning into a more constructive structure.
On the lower timeframe, price is currently trading inside an ascending range / upward-moving box.
Scenarios:
📈 Bullish: Price respects rising support and breaks higher, confirming continuation.
➡️ Base case: Price continues consolidating within the channel before choosing direction.
📉 Bearish: Loss of channel support opens room for a deeper retest. (Highly doubt that.)
For now, I view continued ranging inside this structure as constructive.
The key question is no longer whether Adobe has AI products — but whether it can prove AI becomes a meaningful growth driver. Now let’s see if Adobe begins a gradual move higher like the broader market, or if we stay ranging within this structure a bit longer before the next expansion.
No financial advice! Trade safe folks! ❤️
Zlecenie aktywne
youtu.be/dhj0uNlnWqo?si=cuW78FVOxKfS697QLooks like investors aswel as customers have lost all hope for Adobe.
I do have to say, the company was diggin' its own grave.
A new CEO might be the solution, but ONLY when he comes with a complete new Idea that will change the way Adobe operates/operated on the market.
Let's see what the future will bring for Adobe, for now it's still not a buy if you ask me.
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Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.