Adobes stock price (ADBE) inched up in the intraday levels, testing the downward correctional trend line in the short term, while touching the resistance of the 50-day SMA, coupled with negative signals from the RSI after reaching overbought levels.

Therefore we expect the stock to return lower, targeting the support of $453.00, provided it settles below the resistance of $498.70.

Trend forecast: Likely Bearish