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A Performance Overview of Adobe, Autodesk, and Salesforce

PART:
1 2 3 4 5 6 7
Part 7
A Performance Overview of Adobe, Autodesk, and Salesforce PART 7 OF 7

Adobe Generated Returns of 0.55% in the Trailing 5-Day Period

Shareholder returns and stock trends

As of November 25, 2015, Adobe (ADBE) generated investor returns of 25.75% in the trailing 12-month period and 3.30% in the trailing one-month period. In comparison, the company generated 21.41% in 2014 and 26.23% YTD (year-to-date). The firm’s share price increased 0.55% in the trailing five-day period.

In comparison, Citrix (CTXS) and Frontier Intuit (INTU), peer companies in the application software subsector, generated returns of -7.08% and 2.19%, respectively, in the trailing one-month period.

Adobe Generated Returns of 0.55% in the Trailing 5-Day Period

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Moving averages

On November 25, 2015, Adobe closed the trading day at $91.77. Based on this figure, let’s see how the stock fared in terms of its moving averages:

  • 9% below its 100-day moving average of $83.91
  • 5% below its 50-day moving average of $87.02
  • 1% below its 20-day moving average of $90.55

MACD and Relative Strength Index

A company’s MACD (moving average convergence divergence) is the difference between its short-term and long-term moving averages. On November 25, 2015, ADBE’s 14-day MACD was 1.44. This positive figure indicates an upward trading trend.

The company’s 14-day RSI (Relative Strength Index) was 62, which shows that the stock is slightly oversold. Generally, if a company’s RSI is above 70, it indicates its stock is overbought. An RSI figure below 30 suggests that a company’s stock has been oversold.

Analyst recommendations

Out of 26 analysts covering Adobe’s stock, 18 have issued a “buy” recommendation and eight have recommended a “hold.” The analyst stock price target for the firm is $91.95, with a median target estimate of $95. This means that Adobe is trading at a discount of 3% to median analyst estimates.

Adobe comprises 8.98% of the iShares North American Tech-Software ETF (IGV) and 1.25% of the iShares US Technology ETF (IYW).

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