This news comes as S&P 500 futures are gaining 0.6%, contributing to a positive tone in the broader market. • Adobe stock is at significant support. Why did ADBE hit a new low?Adobe Expands Creative Agent Across Firefly and Creative CloudAdobe has announced an upgrade to its Firefly creative AI studio, enhancing its capabilities with new tools and features designed to streamline the creative process. The upgraded experience allows creators to move seamlessly from ideation to production, improving collaboration and customization.The company is introducing its creative agent across Premiere, Photoshop, Illustrator, InDesign, and Frame.io, enabling users to automate multi-step tasks through natural-language prompts.Adobe is also extending its creative tools to major AI platforms, including ChatGPT, Claude, Copilot, Gemini and Slack, bringing its capabilities to hundreds of millions of users across their existing work environments.Adobe GenStudio for Commerce Media NetworksOn Wednesday, Adobe introduced GenStudio for Commerce Media Networks, enabling retailers to support scalable, on-brand advertising at the point of purchase. It is aimed at helping businesses deliver personalized, brand-consistent content across channels. GenStudio is part of Adobe CX Enterprise, an end-to-end agentic AI system designed to streamline the customer lifecycle from acquisition to retention.ADBE Technical Analysis: Oversold Signals And Key LevelsCurrently, Adobe’s stock is trading significantly below its moving averages, with the 20-day simple moving average (SMA) at $238.64, indicating that shares are about 18.4% below this level. The Relative Strength Index (RSI) is at 28.45, suggesting the stock is in oversold territory, which could indicate a potential for a rebound if buying interest increases.Support and resistance levels are critical to watch: