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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

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- 8/14/2026 -
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Autodesk, Inc. (ADSK) Technical Analysis

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Summary:
Weekly :Broken trend support lineWilliams' Percentage Range is strongly overboughtBroken trend resistance line
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtMACD bearish divergenceBearish Dark Cloud Cover Candlestick
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It was a third consecutive positive week for the Autodesk, Inc. (ADSK). During the week, the ADSK gained 2.58 points, or 1.04%, and closed at 251.66 on Friday, August 14, 2026. Weekly volume was -14% below average.

Long-term trend: [See ADSK long-term trend chart]
A long-term uptrend had started on June 16, 2022 at 163.20 and reached 329.09 on September 8, 2025. ADSK gained -165.89 points, or -101.65%, in 168 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (266.31) is broken. A broken support is considered to be a long-term bearish signal. 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 long-term trend.

Medium-term trend: [See ADSK medium-term trend chart]
A medium-term downtrend had started on September 8, 2025 at 329.09 and reached 185.50 on June 22, 2026. ADSK lost 143.59 points, or 43.63%, in 41 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend resistance line (155.87) 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 medium-term trend.

Weekly Technical Indicators: [See ADSK weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought 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 July 24, 2026. 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 July 31, 2026 at 227.99 and reached 260.74 on August 14, 2026. ADSK gained -32.75 points, or -14.36%, in 14 days. The price is now at the 27.73% retracement level.

Daily Technical Indicators: [See ADSK daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. Daily MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily 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 June 30, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

Candlestick pattern: [See ADSK candlestick chart pattern]
On Friday the chart has formed a Bearish Dark Cloud Cover Candlestick pattern. Bearish Dark Cloud Cover pattern is a trend reversal indicator which signifies the end of an uptrend and the start of a downtrend. The reliability of the Bearish Dark Cloud Cover pattern is considered a highly reliable pattern of market reversalUse the Technical Stock Screener to see the list of stocks that had a Bearish Dark Cloud Cover Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.50
Williams' Percentage Range (W%R) 1.30
Strong Overbought
Lane's Stochastic (%D-Slow) 83.17
Overbought
Greed/Fear Indicator (GFI) 83.14
Overbought
Moving Average Converg./Diverg. (MACD) 9.09 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.66
Williams' Percentage Range (W%R) 1.00
Strong Overbought
Lane's Stochastic (%D-Slow) 66.47
Greed/Fear Indicator (GFI) 72.26
Moving Average Converg./Diverg. (MACD) -13.79
Trading Signals
Description Value Chart
Monthly Trendline Resistance 276.09
Upper Bollinger Band 270.78
Yearly Trendline Support 266.31
Daily Stochastic Crossing 255.65
Price 251.66
Monthly Trendline Support 243.27
Parabolic System 242.62
Weekly Stochastic Crossing 240.37
20 Day Moving Average 234.77
Quarterly Trendline Resistance 219.33
50 Day Moving Average 217.56
Lower Bollinger Band 203.90
Sector and Industry
Description Name Rank
Sector Information Technology 7
Industry Application Software 41
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 227.99
Low Date 07/31/2026
High 260.74
High Date 08/14/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 227.99
Low Date 07/31/2026
High 260.74
High Date 08/14/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 276.09
Support 243.27
Low 185.50
Low Date 06/22/2026
High 260.74
High Date 08/14/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Broken Resistance
Resistance 219.33
Support 155.87
High 329.09
High Date 09/08/2025
Low 185.50
Low Date 06/22/2026
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 332.11
Support 266.31
Low 163.20
Low Date 06/16/2022
High 329.09
High Date 09/08/2025
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.