Adobe Inc ADBE will report its fourth-quarter results on Wednesday. Wall Street expects earnings per share of $4.66 and revenue of $5.54 billion, the company reported after-hours.

The stock is down 12.33% over the past year and up 18.46% over the past six months.

Let’s look at what the charts show for Adobe stock and how the stock currently compares to Wall Street estimates.

Also Read: Adobe Q4 Earnings Preview: Analyst Says Investors May Miss Out on Healthy Subscriber Growth

Adobe shares paint a strongly bullish picture on the technical charts.

Chart created with Benzinga Pro

At $548.30, Adobe stock is comfortably above its 5-, 20-, and 50-day exponential moving averages, reinforcing the uptrend despite mild selling pressure. With the 8-day SMA at $537.93, the 20-day SMA at $522.90, the 50-day SMA at $506.38 and the 200-day SMA at At $516.20, all indicators point to bullish momentum.

The moving average convergence/divergence (MACD) at 11.50 reinforces optimism, while the relative strength index (RSI) at 66.42 suggests Adobe stock is approaching overbought territory. If this trend continues, Adobe could continue its printing gains in the near future.

Reviews and Consensus Estimates: The analyst consensus rating for Adobe shares is currently “Outperform” with a price target of $607.46 per share. The latest analyst ratings from Citigroup, BMO Capital and RBC Capital suggest a 9.37% upside potential for Adobe shares, with an average price target of $600.

ADBE Price promotion: Adobe shares were trading up 0.46% at $548.55 per share at the time of publication.

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