Adobe’s stock price (ADBE) fell in the intraday levels, amid negative pressure from the 50-day SMA, while trading alongside the downward correctional trend line in the short term, with negative divergence forming in the RSI, after reaching overbought levels compared to the stock’s movements. 

Therefore we expect more losses for the stock, targeting the support of $453.00, provided it settles below the resistance of $499.00. 

Trend forecast: Bearish