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
- 5/22/2026 -
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Autodesk, Inc. (ADSK) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend support line
Daily :Daily  MACD line has moved above its signal lineThe price has risen above the Parabolic SAR20 Day Moving Average has crossed above the 50 Day Moving AveragePrice is near the Fibonacci 38.2% retracement levelThe price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week for the Autodesk, Inc. (ADSK). During the week, the ADSK gained 4.37 points, or 1.85%, and closed at 240.99 on Friday, May 22, 2026. Weekly volume was 13% above average.

ADSK is a member of Information Technology Sector. Information Technology is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

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 (260.68) 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 uptrend had started on April 10, 2026 at 214.10 and reached 255.14 on May 7, 2026. ADSK gained -41.04 points, or -19.17%, in 3 weeks. The price is now at the 34.48% retracement level.

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

The weekly MACD line is above its signal line since May 1, 2026. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 May 13, 2026 at 225.28 and reached 251.16 on May 19, 2026. ADSK gained -25.88 points, or -11.49%, in 6 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance 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 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 20 Day Moving Average 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) 43.95
Williams' Percentage Range (W%R) 49.00
Lane's Stochastic (%D-Slow) 62.70
Greed/Fear Indicator (GFI) 52.56
Moving Average Converg./Diverg. (MACD) 0.08
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.38
Williams' Percentage Range (W%R) 69.80
Lane's Stochastic (%D-Slow) 55.22
Greed/Fear Indicator (GFI) 45.64
Moving Average Converg./Diverg. (MACD) -13.75
Trading Signals
Description Value Chart
Yearly Trendline Support 260.68
Upper Bollinger Band 251.25
Daily Stochastic Crossing 241.61
Price 240.99
20 Day Moving Average 240.38
50 Day Moving Average 239.87
Weekly Stochastic Crossing 236.86
Lower Bollinger Band 229.23
Parabolic System 226.59
Sector and Industry
Description Name Rank
Sector Information Technology 10
Industry Application Software 75
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 225.28
Low Date 05/13/2026
High 251.16
High Date 05/19/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 255.14
High Date 05/07/2026
Low 225.28
Low Date 05/13/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 214.10
Low Date 04/10/2026
High 255.14
High Date 05/07/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 329.09
High Date 09/08/2025
Low 214.10
Low Date 04/10/2026
Description Value
Direction Up
Chart Pattern Ascending Triangle
Status Broken Support
Resistance 331.37
Support 260.68
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.