The Greedy Trader Weekly Analysis
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Autodesk, Inc.
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Summary:
Weekly :Broken trend resistance linePrice is near the Fibonacci 38.2% retracement level
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtThe price is close to the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was a second positive week after 4 consecutive negative weeks for the Autodesk, Inc. (ADSK). During the week, the ADSK gained 1.42 points, or 1.06%, and closed at 135.55 on Friday, November 09, 2018. Weekly volume was -25% 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 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 (53.66) 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 downtrend had started on August 27, 2018 at 159.94 and reached 119.93 on October 29, 2018. ADSK lost 40.01 points, or 25.02%, in 9 weeks. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

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

The weekly MACD line is below its signal line since October 12, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. 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 September 26, 2018 at 157.11 and reached 119.93 on October 29, 2018. ADSK lost 37.18 points, or 23.66%, in 33 days. The price is now at the 42.01% retracement level.

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. 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 daily MACD line is above its signal line since November 1, 2018.

The price is close to 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 49.90
Williams' Percentage Range (W%R) 12.70
Overbought
Lane's Stochastic (%D-Slow) 85.11
Overbought
Greed/Fear Indicator (GFI) 74.10
Moving Average Converg./Diverg. (MACD) -3.18
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.00
Williams' Percentage Range (W%R) 51.60
Lane's Stochastic (%D-Slow) 27.88
Greed/Fear Indicator (GFI) 42.27
Moving Average Converg./Diverg. (MACD) 4.37
Trading Signals
Description Value Chart
Upper Bollinger Band 146.28
50 Day Moving Average 143.27
Daily Stochastic Crossing 138.95
Price 135.55
20 Day Moving Average 133.43
Weekly Stochastic Crossing 130.12
Parabolic System 128.88
Lower Bollinger Band 125.02
Sector and Industry
Description Name Rank
Sector Technology 3
Industry Technical/System Software 89
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 157.11
High Date 09/26/2018
Low 119.93
Low Date 10/29/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 159.94
High Date 08/27/2018
Low 119.93
Low Date 10/29/2018
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 Uptrend
Status
Resistance
Support
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 78.34
Support 53.66
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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