Adobe’s stock price (ADBE) edged higher in the intraday levels while trying to recoup some recent losses, as it vented off oversold saturation in the RSI, while still suffering negative from trading below the 50-day SMA, amid the dominance of the main downward trend in the medium term, while trading alongside the secondary short-term trend line. 

 

Therefore we expect the stock to return lower, targeting the support of $403.75, provided the resistance of $465.70 holds on.

 

Trend forecast for today: likely Bearish