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.

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- 8/28/2026 -
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Autodesk, Inc. (ADSK) Technical Analysis

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Summary:
Weekly :Broken trend support lineWilliams' Percentage Range and Lane's Stochastic are overboughtBroken trend resistance line
Daily :Lane's Stochastic and MACD bearish divergenceDaily  MACD line has moved above its signal linePrice is near the Fibonacci 38.2% retracement level
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It was a fifth consecutive positive week for the Autodesk, Inc. (ADSK). During the week, the ADSK gained 6.84 points, or 2.69%, and closed at 260.66 on Friday, August 28, 2026. Weekly volume was 21% 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 Rising Wedge chart pattern. The uptrend support line (267.30) 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 (148.73) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a medium-term trend.

Weekly Technical Indicators: [See ADSK weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 weekly MACD line is above its signal line since July 24, 2026. The distance between MACD and the signal line is relatively high and getting bigger. 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 August 17, 2026 at 241.33 and reached 271.72 on August 27, 2026. ADSK gained -30.39 points, or -12.59%, in 10 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. Daily Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.

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

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.97
Williams' Percentage Range (W%R) 25.10
Lane's Stochastic (%D-Slow) 68.82
Bearish
Greed/Fear Indicator (GFI) 65.55
Moving Average Converg./Diverg. (MACD) 8.69 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.50
Williams' Percentage Range (W%R) 12.20
Overbought
Lane's Stochastic (%D-Slow) 86.08
Overbought
Greed/Fear Indicator (GFI) 76.40
Moving Average Converg./Diverg. (MACD) -10.74
Trading Signals
Description Value Chart
Monthly Trendline Resistance 294.02
Yearly Trendline Support 267.30
Upper Bollinger Band 264.72
Weekly Stochastic Crossing 263.14
Daily Stochastic Crossing 263.14
Price 260.66
Monthly Trendline Support 255.65
20 Day Moving Average 250.32
Parabolic System 245.37
Lower Bollinger Band 232.03
50 Day Moving Average 225.66
Quarterly Trendline Resistance 214.73
Sector and Industry
Description Name Rank
Sector Information Technology 7
Industry Application Software 66
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 241.33
Low Date 08/17/2026
High 271.72
High Date 08/27/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 241.33
Low Date 08/17/2026
High 271.72
High Date 08/27/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 294.02
Support 255.65
Low 185.50
Low Date 06/22/2026
High 271.72
High Date 08/27/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Broken Resistance
Resistance 214.73
Support 148.73
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 332.23
Support 267.30
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.