The Greedy Trader Weekly Analysis
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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.

Archive
- 7/2/2026 -
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Autodesk, Inc. (ADSK) Technical Analysis

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Summary:
Weekly :Broken trend support lineWilliams' Percentage Range is oversold
Daily :Daily  MACD line has moved above its signal lineThe price moved above the moving average in the center of the Bollinger Bands
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It was a second positive week after 4 consecutive negative weeks for the Autodesk, Inc. (ADSK). During the week, the ADSK gained 11.22 points, or 5.72%, and closed at 207.48 on Thursday, July 2, 2026. It was the best weekly gain since April 17, 2026. Weekly volume was 30% above 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 Ascending Triangle chart pattern. The uptrend support line (263.35) 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 May 7, 2026 at 255.14 and reached 185.50 on June 22, 2026. ADSK lost 69.64 points, or 27.29%, in 6 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 173.26 and resistance is at 236.25. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern 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. 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 below its signal line since June 5, 2026. This is an indication that the medium-term trend is down. 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 June 22, 2026 at 185.50 and reached 209.92 on July 2, 2026. ADSK gained -24.42 points, or -13.16%, in 10 days. The price is now at the 9.99% retracement level.

Daily Technical Indicators: [See ADSK daily technical indicators chart]
Daily technical indicators are neutral.

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

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 51.75
Williams' Percentage Range (W%R) 70.40
Lane's Stochastic (%D-Slow) 64.83
Greed/Fear Indicator (GFI) 48.71
Moving Average Converg./Diverg. (MACD) -10.46
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 41.79
Williams' Percentage Range (W%R) 80.50
Oversold
Lane's Stochastic (%D-Slow) 23.54
Greed/Fear Indicator (GFI) 29.44
Moving Average Converg./Diverg. (MACD) -14.49
Trading Signals
Description Value Chart
Monthly Trendline Resistance 236.25
Upper Bollinger Band 233.99
50 Day Moving Average 225.27
Price 207.48
20 Day Moving Average 203.84
Daily Stochastic Crossing 202.31
Weekly Stochastic Crossing 196.13
Parabolic System 193.17
Lower Bollinger Band 176.87
Monthly Trendline Support 173.26
Sector and Industry
Description Name Rank
Sector Information Technology 6
Industry Application Software 25
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 189.00
Low Date 06/25/2026
High 209.92
High Date 07/02/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 185.50
Low Date 06/22/2026
High 209.92
High Date 07/02/2026
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 236.25
Support 173.26
High 255.14
High Date 05/07/2026
Low 185.50
Low Date 06/22/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 329.09
High Date 09/08/2025
Low 185.50
Low Date 06/22/2026
Description Value
Direction Up
Chart Pattern Ascending Triangle
Status Broken Support
Resistance 331.72
Support 263.35
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.