tech
The worst may be over for beaten-down Adobe shares. These charts show why
A more attractive risk/reward opportunity may be emerging for long-term investors in the software stock.
TL;DR
- Adobe's stock (ADBE) has fallen over 70% from its February 2024 high to its June 2026 low and is down 26% year-to-date.
- The stock briefly fell below its 200-month moving average, and its 14-month RSI reached oversold territory, a level not seen since the March 2009 financial crisis.
- ADBE experienced a significant rebound in July, gaining 22% and reclaiming its 200-month moving average, a rare occurrence that historically preceded strong upside continuation.
- The MACD indicator is nearing its first buy signal since 2023, suggesting improving momentum after a prolonged decline.
- The 200-day moving average is now acting as resistance, and a successful reclaim of this level could be a critical step in a potential recovery.