Should I buy CRM or ADBE?
9/30/2024 07:20am
**Both Salesforce (CRM) and Adobe (ADBE) have positive analyst ratings and price targets**, but they differ in their technical indicators and current price targets. Here's a comparison to help you decide:
1. **Analyst Consensus and Price Targets**:
- Salesforce has a "Buy" consensus rating from analysts with an average price target of $296.72.
- Adobe also has a "Buy" consensus rating with an average price target of $585.73.
2. **Technical Indicators**:
- **Salesforce**:
- The MACD is positive at 5.17.
- The RSI is at 82.41, suggesting strong buying momentum.
- The KDJ is at 98.49, indicating potential overbought conditions.
- The stock is currently trading below its 5-Day, 10-Day, and 20-Day moving averages.
- **Adobe**:
- The MACD is negative at -7.54.
- The RSI is at 32.34, suggesting the stock may be undervalued or that there is potential for growth.
- The KDJ is at 35.44, also suggesting potential for growth.
- The stock is currently trading above its 5-Day, 10-Day, and 20-Day moving averages.
3. **Resistance and Support Levels**:
- **Salesforce**:
- The current support level is $275.06, and the resistance level is $277.84.
- **Adobe**:
- The current support level is $512.30, and the resistance level is $516.68.
4. **Moving Averages**:
- **Salesforce**:
- The 50-Day moving average is $256.16, and the 200-Day moving average is $269.97.
- **Adobe**:
- The 50-Day moving average is $544.66, and the 200-Day moving average is $539.34.
**Decision**:
- If you are looking for stocks with strong buying momentum and are willing to pay a premium for growth, Salesforce (CRM) might be the better choice due to its positive MACD, high RSI, and KDJ indicators.
- If you are more interested in stocks that may be undervalued or have potential for growth, and you are comfortable with the stock's current price being above its moving averages, Adobe (ADBE) could be a good option.
Ultimately, your decision should align with your investment strategy, risk tolerance, and the specific characteristics you are looking for in a stock.