Adobe Inc

ADBE has decisively broken below its key support zone on standout volume, shifting to bearish medium-term structure. With all EMAs sloping down and price below them, the tradable side is now bearish. Short-term conditions remain neutral, so we defer execution and plan to sell into rallies into the broken support zone around the 263–266 area and into the declining EMAs.

• ↑Q2 revenue was $6.62B (+11% YoY), driven by subscriptions.
• ↑AI-first products ARR quadrupled to over $500M, boosting engagement.
• ↓Intense competition from Google, Microsoft, and AI startups risks share.