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Adobe Inc (ADBE) Stock: What Does the Chart Say Monday?

Monday, November 28, 2022 12:22 PM | InvestorsObserver Analysts
Adobe Inc (ADBE) Stock: What Does the Chart Say Monday?

The market has been neutral on Adobe Inc (ADBE) stock recently. ADBE gets a Neutral score from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,neutral
Adobe Inc has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on ADBE!

What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With ADBE Stock Today?

Adobe Inc (ADBE) stock is trading at $332.84 as of 12:21 PM on Monday, Nov 28, a decline of -$1.46, or -0.44% from the previous closing price of $334.30. The stock has traded between $331.50 and $338.19 so far today. Volume today is less active than usual. So far 862,834 shares have traded compared to average volume of 3,650,798 shares. To screen for more stocks like Adobe Inc click here.

More About Adobe Inc

Adobe provides content creation, document management, and digital marketing and advertising software and services to creative professionals and marketers for creating, managing, delivering, measuring, optimizing and engaging with compelling content multiple operating systems, devices and media. The company operates with three segments: digital media content creation, digital experience for marketing solutions, and publishing for legacy products (less than 5% of revenue). Click Here to get the full Stock Report for Adobe Inc stock.

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