The Greedy Trader Weekly Analysis
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Weekly Pattern:Rising Channel
Number of records: 13
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Channeling Stock - rising channel and falling channel.
Stock channeling technique is one of the most efficient and widely used trading technique. Price channel represents price movement bound by parallel lower (support) and upper (resistance) trend lines. Channels with rising trend lines (rising channel) are considered bullish and the falling channel is considered as bearish . Channels are continuation formations as far as support and resistance are not broken.
Trading technique:
# 1
Buy channeling stock on support and sell on resistance.
# 2 For bullish channel: sell channeling stock when price breakes the stock channeling support line. For bearish channel: buy channeling stock when price breaks the resistance line.
Tips:
# 1 For the best results, stock channeling should be considered together with other technical analysis signals and technical trading techniques.
Estimated Target: the main trend support/resistance line.
channeling stock,stock channeling,rising channel,falling channel,Price Channel
Autodesk, Inc.
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Summary:
Weekly :Overbought sectorBroken uptrend resistance line - uptrend exhaustionBroken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is overbought
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtLane's Stochastic and MACD bearish divergenceBroken trend resistance line
Move cursor over the icon to see details.

It was a third consecutive positive week for the Autodesk, Inc. (ADSK). During the week, the ADSK gained 2.64 points, or 1.94%, and closed at 138.85 on Friday, May 18, 2018. Weekly volume was -21% below average.

ADSK is a member of Technology Sector. Technology is the second most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See ADSK long-term trend chart]
A long-term uptrend had started on March 2, 2009 at 11.70 and reached 141.26 on March 13, 2018. ADSK gained -129.56 points, or -1107.35%, in 471 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (51.58) 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 141.26 on March 13, 2018. ADSK gained -99.66 points, or -239.57%, in 109 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (123.84) 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 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 above its signal line since March 2, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 March 13, 2018 at 141.26 and reached 120.80 on April 2, 2018. ADSK lost 20.46 points, or 14.48%, in 20 days. The chart has formed a Ascending Triangle chart pattern. The downtrend resistance line (121.02) 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 Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. Daily Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since May 4, 2018. The distance between MACD and the signal line is low and getting smaller.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 79.80
Williams' Percentage Range (W%R) 16.20
Overbought
Lane's Stochastic (%D-Slow) 81.16
Overbought Bearish
Greed/Fear Indicator (GFI) 81.58
Overbought
Moving Average Converg./Diverg. (MACD) 1.67 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 74.42
Williams' Percentage Range (W%R) 11.70
Overbought
Lane's Stochastic (%D-Slow) 65.28
Greed/Fear Indicator (GFI) 71.27
Moving Average Converg./Diverg. (MACD) 4.70
Trading Signals
Description Value Chart
Upper Bollinger Band 142.39
Price 138.85
Daily Stochastic Crossing 138.35
Quarterly Trendline Resistance 136.93
Parabolic System 134.42
Weekly Stochastic Crossing 132.76
50 Day Moving Average 131.15
20 Day Moving Average 130.98
Weekly Trendline Resistance 128.98
Quarterly Trendline Support 123.84
Lower Bollinger Band 123.17
Weekly Trendline Support 121.02
Sector and Industry
Description Name Rank
Sector Technology 8
Industry Technical/System Software 148
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 120.91
Low Date 04/25/2018
High 139.66
High Date 05/18/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Ascending Triangle
Status Broken Resistance
Resistance 128.98
Support 121.02
High 141.26
High Date 03/13/2018
Low 120.80
Low Date 04/02/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 101.58
Low Date 02/09/2018
High 141.26
High Date 03/13/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 136.93
Support 123.84
Low 41.60
Low Date 02/09/2016
High 141.26
High Date 03/13/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 76.26
Support 51.58
Low 11.70
Low Date 03/02/2009
High 141.26
High Date 03/13/2018
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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