(Finance) – Leap forward Adobe Systemsextending today’s positive performance, with an increase of 2.43%, after deciding to abandon the $20 billion deal with Figma, due to doubts about the green light from antitrust authorities in Europe and the United Kingdom .
The weekly analysis of the stock compared to Nasdaq 100 shows a lag behind the index in terms of the relative strength of the Photoshop and Acrobat makerwhich performs worse than the reference market.
New technical evidence classifies a worsening of the situation for Adobe Systems, with potential declines to the most immediate support area seen at USD 589.3. Sudden strengthening would instead undermine the above scenario with a bullish trigger and target on the most immediate resistance identified at 605.8. Expectations for the following session are for a continuation of the decline up to the important support positioned at 579.7.