The Greedy Trader Weekly Analysis
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Autodesk, Inc.
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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is overbought
Daily :Lane's Stochastic is overbought20 Day Moving Average has crossed below the 50 Day Moving AverageDaily  MACD line has moved above its signal lineBroken trend resistance line
Move cursor over the icon to see details.

It was a second consecutive positive week for the Autodesk, Inc. (ADSK). During the week, the ADSK gained 2.10 points, or 1.55%, and closed at 137.21 on Friday, July 13, 2018. Weekly volume was -16% below average.

Long-term trend: [See ADSK long-term trend chart]
A long-term uptrend had started on March 2, 2009 at 11.70 and reached 142.94 on June 20, 2018. ADSK gained -131.24 points, or -1121.71%, in 485 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (52.22) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See ADSK medium-term trend chart]
A medium-term uptrend had started on February 9, 2016 at 41.60 and reached 142.94 on June 20, 2018. ADSK gained -101.34 points, or -243.61%, in 123 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 129.39 and resistance is at 142.48. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See ADSK weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.

The weekly MACD line is below its signal line since June 22, 2018. The distance between MACD and the signal line is low, but getting bigger. Use the following link to access a MACD help.

Short-term trend: [See ADSK short-term trend chart]
A short-term downtrend had started on June 20, 2018 at 142.94 and reached 126.59 on June 27, 2018. ADSK lost 16.35 points, or 11.44%, in 7 days. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (132.77) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. ADSK may retest the broken resistance line. It is considered to be a support line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a short-term trend.

Daily Technical Indicators: [See ADSK daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic. Use the following link to access Lane's Stochastic help.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 51.34
Williams' Percentage Range (W%R) 36.40
Lane's Stochastic (%D-Slow) 80.12
Overbought
Greed/Fear Indicator (GFI) 65.02
Moving Average Converg./Diverg. (MACD) -0.27
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.92
Williams' Percentage Range (W%R) 18.70
Overbought
Lane's Stochastic (%D-Slow) 62.91
Greed/Fear Indicator (GFI) 65.29
Moving Average Converg./Diverg. (MACD) 5.24
Trading Signals
Description Value Chart
Monthly Trendline Resistance 146.26
Quarterly Trendline Resistance 142.48
Upper Bollinger Band 142.35
Monthly Trendline Support 140.18
Price 137.21
Daily Stochastic Crossing 136.50
Weekly Stochastic Crossing 136.03
Weekly Trendline Resistance 135.38
50 Day Moving Average 134.77
20 Day Moving Average 134.60
Weekly Trendline Support 132.77
Parabolic System 131.65
Quarterly Trendline Support 129.39
Lower Bollinger Band 126.48
Sector and Industry
Description Name Rank
Sector Technology 7
Industry Technical/System Software 111
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 126.59
Low Date 06/27/2018
High 137.88
High Date 07/12/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 135.38
Support 132.77
High 142.94
High Date 06/20/2018
Low 126.59
Low Date 06/27/2018
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 146.26
Support 140.18
Low 101.58
Low Date 02/09/2018
High 142.94
High Date 06/20/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 142.48
Support 129.39
Low 41.60
Low Date 02/09/2016
High 142.94
High Date 06/20/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 76.91
Support 52.22
Low 11.70
Low Date 03/02/2009
High 142.94
High Date 06/20/2018
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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