Adobes stock price (ADBE) fell in the intraday levels, trespassing the support of the 50-day SMA and exposing it to negative pressure, amid the dominance of the main downward trend, with negative signals from the RSI after managing to vent off oversold saturation.

Therefore we expect more losses for the stock, targeting the pivotal support of $462.40, provided the resistance of $498.70 holds on.

Trend forecast: Bearish