Reversal or Slowdown

I don't have adobe stock at the moment, I'm long adobe overall but afraid to dabble back in where its at now.

MACD:

Lower High in MACD:

The MACD making a lower high while the price is making higher highs could indicate weakening momentum.

Crossed Signal Line:

The MACD crossing below the signal line in October 2023 is a bearish signal, suggesting a potential shift in momentum.

Histogram at -.45:

The negative histogram value indicates that the MACD line is below the signal line, supporting the bearish momentum.

RSI:

Lower High in RSI:

The RSI making a lower high while the price is making higher highs is a bearish divergence, indicating potential weakening of the upward momentum.

RSI Value and MA:

An RSI of 63.78 is not in overbought territory, but the fact that it's making a lower high might suggest a loss of strength in the uptrend.
The RSI moving average (MA) at 63.42 also indicates a potential weakening of momentum.

ảnh chụp nhanh

Way above cloud, way above VP, Chaikin Osc bearish divergence

ảnh chụp nhanh

Bearish divergence on CCI,OBV,ROC, and CMF from price.
Chart PatternsTechnical IndicatorsTrend Analysis

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