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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 :Stochastic signal line moved below overbought areaBroken trend resistance lineWilliams' Percentage Range is oversoldBroken trend support line
Daily :20 Day Moving Average has crossed below the 50 Day Moving AverageWilliams' Percentage Range oversoldLane's Stochastic is strongly oversoldThe Bollinger Bands are historically far apart
Move cursor over the icon to see details.

It was a first positive week for the Autodesk, Inc. (ADSK). During the week, the ADSK climbed 0.10 points, or 0.09%, and closed at 107.16 on Friday, December 08, 2017. Weekly volume was 41% 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 131.10 on November 28, 2017. ADSK gained -119.40 points, or -1020.51%, in 456 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (49.70) 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 131.10 on November 28, 2017. ADSK gained -89.50 points, or -215.14%, in 94 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (117.79) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. ADSK may retest the broken support line. It is considered to be a resistance 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 support in a medium-term trend.

Weekly Technical Indicators: [See ADSK weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is below its signal line since November 24, 2017. 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 November 28, 2017 at 131.10 and reached 105.16 on December 4, 2017. ADSK lost 25.94 points, or 19.79%, in 6 days. The price is now at the 7.71% retracement level.

Daily Technical Indicators: [See ADSK daily technical indicators chart]
Daily Williams' Percentage Range is oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Williams' Percentage Range or strongly oversold daily Lane's Stochastic.

The daily MACD line is below its signal line since November 28, 2017. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current short-term downtrend is still strong, and momentum is beginning to wane.

The distance between the Bollinger Bands (35.09%) is close to one year high (31.14%). It is 220.62% higher then one year average. It indicates the period of high volatility of the stock price, and it is considered a sell signal for the option traders. 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 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) 22.37
Williams' Percentage Range (W%R) 82.90
Oversold
Lane's Stochastic (%D-Slow) 9.58
Strong Oversold
Greed/Fear Indicator (GFI) 16.36
Oversold
Moving Average Converg./Diverg. (MACD) -2.09
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 43.05
Williams' Percentage Range (W%R) 81.70
Oversold
Lane's Stochastic (%D-Slow) 64.59
Greed/Fear Indicator (GFI) 42.46
Moving Average Converg./Diverg. (MACD) 6.63
Trading Signals
Description Value Chart
Upper Bollinger Band 134.99
Parabolic System 123.57
Weekly Stochastic Crossing 120.63
Monthly Trendline Support 120.36
50 Day Moving Average 119.59
20 Day Moving Average 119.30
Quarterly Trendline Support 117.79
Price 107.16
Daily Stochastic Crossing 106.02
Lower Bollinger Band 97.39
Sector and Industry
Description Name Rank
Sector Technology 6
Industry Technical/System Software 29
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 110.18
High Date 12/07/2017
Low 106.69
Low Date 12/08/2017
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 131.10
High Date 11/28/2017
Low 105.16
Low Date 12/04/2017
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 132.12
Support 120.36
Low 49.82
Low Date 06/27/2016
High 131.10
High Date 11/28/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 133.74
Support 117.79
Low 41.60
Low Date 02/09/2016
High 131.10
High Date 11/28/2017
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 74.38
Support 49.70
Low 11.70
Low Date 03/02/2009
High 131.10
High Date 11/28/2017
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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