Current trend

The price of the stocks of the American giant in the field of software development Adobe Inc. has been growing since the middle of last month: during this time, the quotes have reversed from the level of 343.75 (Murray level [3/8]), moved into the positive zone of the Murray trading range and tested its upper limit at 500.00 (Murray level [8/8]), but it has not yet been possible to consolidate above it.

Most likely, the assault on the 500.00 level will continue in the near future, and if successful, the price will be able to rise to 531.25 (Murray level [ 1/8]) and 562.50 (Murray level [ 2/8]). The key for the "bears" is the level of 468.75 (Murray level [7/8]), when it is broken down as well as the middle line of the Bollinger Bands (460.00), the movement will resume to the area of 437.50 (Murray level [6/8]) and 406.25 (Murray level [5/8]).

Technical indicators signal the continuation of an upward trend: the Bollinger Bands and the Stochastic are directed upwards, the MACD histogram decreases in the positive zone