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 line
Daily :Stochastic signal line moved above oversold areaThe price has risen above the Parabolic SARPrice has crossed above the 50 Day Moving AverageThe price moved above the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was a first positive week for the Autodesk, Inc. (ADSK). During the week, the ADSK gained 4.02 points, or 3.07%, and closed at 135.11 on Friday, July 06, 2018. It was the best weekly gain since May 11, 2018. Weekly volume was -40% 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 (52.14) 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 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 128.66 and resistance is at 141.75. 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 technical indicators are neutral.

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 price is now at the 52.11% retracement level.

Daily Technical Indicators: [See ADSK daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish 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.

The daily MACD line is below its signal line since June 21, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. 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.

During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish 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) 44.43
Williams' Percentage Range (W%R) 59.20
Lane's Stochastic (%D-Slow) 48.59
Greed/Fear Indicator (GFI) 44.60
Moving Average Converg./Diverg. (MACD) -0.43
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 61.23
Williams' Percentage Range (W%R) 26.40
Lane's Stochastic (%D-Slow) 67.66
Greed/Fear Indicator (GFI) 64.43
Moving Average Converg./Diverg. (MACD) 5.34
Trading Signals
Description Value Chart
Monthly Trendline Resistance 145.32
Upper Bollinger Band 141.84
Quarterly Trendline Resistance 141.75
Monthly Trendline Support 138.37
Weekly Stochastic Crossing 137.26
Price 135.11
20 Day Moving Average 134.99
50 Day Moving Average 133.88
Daily Stochastic Crossing 131.38
Quarterly Trendline Support 128.66
Parabolic System 126.46
Lower Bollinger Band 125.79
Sector and Industry
Description Name Rank
Sector Technology 7
Industry Technical/System Software 114
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 126.59
Low Date 06/27/2018
High 135.49
High Date 07/06/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
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 145.32
Support 138.37
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 141.75
Support 128.66
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 76.82
Support 52.14
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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