Adobe may fall to 408.00 - 420.00

Our pivot point is at 484.

Our preference

The downside prevails as long as 484 is resistance.

Alternative scenario

Above 484, look for 505 and 518.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 471.6425 and 478.0738).

Supports and resistances

518 **

505 *

484 **

476

458.13 (USD-last)

433

420 **

408 *

396 **

Number of asterisks represents the strength of support and resistance levels.