TradingKey – Unexpected bearish news for Adobe triggers a new low since 2019, with short-term support expected at $200.

During the pre-market session on June 12, EST, Adobe ( ADBE) shares continued to decline by approximately 7%, hitting a low of $203, the lowest level since January 2019. As of press time, Adobe’s decline narrowed to 4%, trading at $210. So, will Adobe’s stock price continue to fall? Where is the next support level?

Adobe stock price chart, Source: TradingView

After the bell on Thursday, Adobe delivered impressive fiscal Q2 2026 results with both revenue and EPS exceeding expectations, while raising its full-year guidance. However, the stock price fell despite the positive news. This extreme divergence of “strong…