Adobe (ADBE) Shares Plunge Over 13% On Wednesday evening, Adobe Inc. (ADBE) released its quarterly financial results: → Earnings per share: Actual = $4.81, Expected = $4.66; → Revenue: Actual = $5.61 billion, Expected = $5.54 billion. Despite exceeding analyst expectations and showing growth compared to the previous quarter, Adobe’s stock opened Thursday with a bearish gap and continued to decline throughout the session, closing more than 13% lower than Wednesday’s close. The sell-off was driven by Adobe’s disappointing 2025 forecast, projecting slower-than-expected revenue and earnings per share growth. According to Yahoo Finance, this stems from increasing competition (from Google, OpenAI, and others) and concerns over monetising AI tools, which have already contributed to a 20% drop in Adobe’s stock this year. https://www.tradingview.com/x/1891XZYO/ Technical Analysis of Adobe Inc. (ADBE) Stock The stock price is: → Forming a descending channel (highlighted in orange), with its boundaries becoming increasingly evident; → Breaking below both a long-term trendline (marked with an arrow) dating back to 2022 and the psychological level of $500 per share. The outlook appears grim, although TipRanks data indicates that analysts remain optimistic: → 22 out of 30 analysts recommend buying ADBE stock; → The average price target for ADBE is $603 within 12 months, suggesting a 27% upside from current levels. However, Adobe’s 2025 projections amidst stiff competition may prompt a reassessment of its investment value, potentially leading to a consolidation of ADBE’s price below the $500 psychological threshold. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
FX:NZDUSD is forming a return to a strong support zone after testing it after a year. Against the backdrop of a rising dollar, the chances of a support breakout are growing. https://www.tradingview.com/x/KMs8xOJu/ The downtrend, rising dollar, weak fundamental background for NZD play a key role in forming a bear market. The price is testing the key resistance and trying to enter the selling zone. At the moment the price is restrained by the descending channel support and if the price manages to break this line and consolidate below, strong selling may be formed further, as there are no obstacles below it until 0.562. Resistance levels: 0.577, 0.5817 Support levels: 0.575, 0.562 I do not exclude the possibility of correction if the buyers hold the support. But there is no chance of a trend change. Another retest of the support may lead to a breakdown and further fall to 0.562 Regards R. Linda!
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