ADBE Stock Sees a -0.83% movement, forming bearish Momentum on Jan 02, 2025
Date: Jan 02, 2025 (Thursday)
open : $448.01
close : $441.00
low : $440.56
high : $450.05
previous close: $444.68
Also check: Tool to spot which candlestick has formed
On Jan 02, 2025 (Thursday), ADOBE INC. (ADBE) in the Technology sector showed bearish momentum of -0.83% w.r.t previous day's close. The stock belongs to the Software industry within the Technology sector.
At the opening bell, the stock started with a a gap up at $448.01, compared to the previous close of $444.68 (a gap up of 0.75%).
The stock hit a high of $450.05 and a low of $440.56, creating a trading range of $9.49. The price movement for the day was -1.56% lower than the opening price.
During the day's session, the ADOBE INC. experienced a substantial drop in trading activity, trading 2,503,018 shares, which is 27.86% lower than the average of 3,469,841 shares, like a sharp decrease in volume compared to its usual levels. This decline indicates reduced market participation or a lack of significant news to drive interest.
The stock showed moderate volatility (2.15%) with movement between $440.56 and $450.05.
If we look at the last month's 1D chart, the stock has been in a downtrend, and today's close < open forms a bearish candle, reinforcing the trend and signaling strong selling pressure as bearish sentiment persists.
Disclaimer: This analysis is provided solely for educational purposes and does not include any recommendations. For any financial decisions, it’s advised to consult with your financial advisor.