The Greedy Trader Weekly Analysis
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Monthly Pattern:Rising Channel
Number of records: 15
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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 :Broken trend resistance lineTrend resistance at 151.11
Daily :Stochastic has declined below the signal lineDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARBullish Doji CandlestickThe price is close to the moving average in the center of the Bollinger BandsThe period of low volatility of the stock price
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It was the negative week for the Autodesk, Inc. (ADSK). During the week, the ADSK dropped -4.11 points, or -2.63%, and closed at 152.00 on Friday, October 05, 2018. Weekly volume was 27% above 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 159.94 on August 27, 2018. ADSK gained -148.24 points, or -1267.01%, in 495 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (53.23) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 159.94 on August 27, 2018. ADSK gained -118.34 points, or -284.47%, in 132 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend resistance line (151.11). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See ADSK weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since August 24, 2018. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See ADSK short-term trend chart]
A short-term uptrend had started on September 19, 2018 at 145.90 and reached 157.11 on September 26, 2018. ADSK gained -11.21 points, or -7.68%, in 7 days. The price is now at the 45.58% retracement level.

Daily Technical Indicators: [See ADSK daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. 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 Lane's Stochastic help.

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

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

The price is close to the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 6.76% on Friday. It is 51.49% lower than one year average. It indicates the period of low volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Candlestick pattern: [See ADSK candlestick chart pattern]
On Friday the chart has formed a Bullish Doji Candlestick pattern. Use the Technical Stock Screener to see the list of stocks that had a Bullish Doji Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 63.89
Williams' Percentage Range (W%R) 45.60
Lane's Stochastic (%D-Slow) 56.75
Greed/Fear Indicator (GFI) 58.35
Moving Average Converg./Diverg. (MACD) 2.76
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.78
Williams' Percentage Range (W%R) 22.50
Lane's Stochastic (%D-Slow) 77.66
Greed/Fear Indicator (GFI) 70.60
Moving Average Converg./Diverg. (MACD) 5.72
Trading Signals
Description Value Chart
Upper Bollinger Band 157.13
Parabolic System 157.12
Daily Stochastic Crossing 153.40
Weekly Stochastic Crossing 153.32
20 Day Moving Average 152.41
Price 152.00
Quarterly Trendline Resistance 151.11
Lower Bollinger Band 146.86
50 Day Moving Average 144.79
Quarterly Trendline Support 138.01
Sector and Industry
Description Name Rank
Sector Technology 5
Industry Technical/System Software 131
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 145.90
Low Date 09/19/2018
High 157.11
High Date 09/26/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 124.69
Low Date 07/30/2018
High 159.94
High Date 08/27/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 101.58
Low Date 02/09/2018
High 159.94
High Date 08/27/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Resistance
Resistance 151.11
Support 138.01
Low 41.60
Low Date 02/09/2016
High 159.94
High Date 08/27/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 77.92
Support 53.23
Low 11.70
Low Date 03/02/2009
High 159.94
High Date 08/27/2018
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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