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Vitalii Liubimov's Avatar
published in Blogs
Apr 12, 2023

Adobe (ADBE, $374.59 ) inflation continues to rise. Online product prices up 10.3% in March.

The trend of rising online grocery prices continued in March, with costs up by 10.3 percent from the previous year, according to the Adobe Digital Price Index. Although online grocery prices have eased over the past six months, they are still above historical averages, with Adobe projecting that they will continue to grow more slowly in 2023 compared to the previous year. The Labor Department's Consumer Price Index also predicts that food prices will increase by 7.5 percent in 2023, with eggs expected to see the largest surge in prices at an estimated rise of 29.6 percent.

Despite persistent inflation, customers are still buying groceries online, with spending rising by 10.8 percent to $86.8 billion last year. Coresight Research reports that online grocery sales are continuing to grow, though at a slower pace, and that grocery inflation has boosted foot traffic at discount grocery stores and large retailers like Walmart, Kroger, and Costco. While fresh fruit and vegetable prices are projected to continue growing, prices for beef, veal, and pork are expected to fall in 2023.

Today, we are anticipating data on inflation in the U.S. The consumer price index for March is expected to increase by 0.2%, slightly lower than the previous value of 0.4%. However, if the actual data turns out to be worse than expected, we may see an increase in market volatility and a possible decline in prices. It's worth keeping an eye on the data release to stay informed about the current economic situation.

 

Related Ticker: ADBE

ADBE's MACD Histogram crosses above signal line

The Moving Average Convergence Divergence (MACD) for ADBE turned positive on June 11, 2024. Looking at past instances where ADBE's MACD turned positive, the stock continued to rise in of 49 cases over the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on June 13, 2024. You may want to consider a long position or call options on ADBE as a result. In of 83 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

ADBE moved above its 50-day moving average on June 14, 2024 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for ADBE crossed bullishly above the 50-day moving average on June 18, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 15 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ADBE advanced for three days, in of 344 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The RSI Indicator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.

The Stochastic Oscillator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where ADBE declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

ADBE broke above its upper Bollinger Band on June 14, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

The Aroon Indicator for ADBE entered a downward trend on June 11, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

Fear & Greed

Tickeron has a positive outlook on this ticker and predicts a further increase by more than 4.00% within the next month with a likelihood of 71%.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. ADBE’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 90, placing this stock slightly better than average.

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (14.556) is normal, around the industry mean (30.463). P/E Ratio (47.957) is within average values for comparable stocks, (157.779). Projected Growth (PEG Ratio) (1.863) is also within normal values, averaging (2.738). Dividend Yield (0.000) settles around the average of (0.082) among similar stocks. P/S Ratio (11.534) is also within normal values, averaging (54.818).

Notable companies

The most notable companies in this group are Microsoft Corp (NASDAQ:MSFT), Oracle Corp (NYSE:ORCL), Salesforce (NYSE:CRM), Adobe (NASDAQ:ADBE), Intuit (NASDAQ:INTU), Uber Technologies (NYSE:UBER), SERVICENOW (NYSE:NOW), Shopify (NYSE:SHOP), Palo Alto Networks (NASDAQ:PANW), CrowdStrike Holdings (NASDAQ:CRWD).

Industry description

Packaged software comprises multiple software programs bundled together and sold as a group. For example, Microsoft Office includes multiple applications such as Excel, Word, and PowerPoint. In some cases, buying a bundled product is cheaper than purchasing each item individually[s20] . Microsoft Corporation, Oracle Corp. and Adobe are some major American packaged software makers.

Market Cap

The average market capitalization across the Packaged Software Industry is 10.48B. The market cap for tickers in the group ranges from 291 to 3.15T. MSFT holds the highest valuation in this group at 3.15T. The lowest valued company is BLGI at 291.

High and low price notable news

The average weekly price growth across all stocks in the Packaged Software Industry was -2%. For the same Industry, the average monthly price growth was -2%, and the average quarterly price growth was 13%. PWWBF experienced the highest price growth at 88%, while NHIQ experienced the biggest fall at -60%.

Volume

The average weekly volume growth across all stocks in the Packaged Software Industry was -23%. For the same stocks of the Industry, the average monthly volume growth was -18% and the average quarterly volume growth was 28%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 52
P/E Growth Rating: 75
Price Growth Rating: 57
SMR Rating: 83
Profit Risk Rating: 89
Seasonality Score: 10 (-100 ... +100)
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