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
- 10/9/2026 -
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Autodesk, Inc. (ADSK) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend support line
Daily :Williams' Percentage Range and Lane's Stochastic are strongly overboughtDaily  MACD line has moved above its signal linePrice has crossed above the 50 Day Moving AverageBroken trend resistance lineThe price moved above the moving average in the center of the Bollinger Bands
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It was a second consecutive positive week for the Autodesk, Inc. (ADSK). During the week, the ADSK gained 23.35 points, or 11.01%, and closed at 235.35 on Friday, October 9, 2026. It was the best weekly gain since July 31, 2026. Weekly volume was 12% 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 Rising Wedge chart pattern. The uptrend support line (270.17) 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 June 22, 2026 at 185.50 and reached 271.72 on August 27, 2026. ADSK gained -86.22 points, or -46.48%, in 9 weeks. The price is now at the 42.18% 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 July 24, 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 downtrend had started on August 27, 2026 at 271.72 and reached 199.18 on September 29, 2026. ADSK lost 72.54 points, or 26.70%, in 33 days. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (195.09) 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 short-term trend.

Daily Technical Indicators: [See ADSK daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought 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.

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.

During the last week, the price 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) 65.78
Williams' Percentage Range (W%R) 7.80
Strong Overbought
Lane's Stochastic (%D-Slow) 92.39
Strong Overbought
Greed/Fear Indicator (GFI) 83.44
Overbought
Moving Average Converg./Diverg. (MACD) -3.57
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.89
Williams' Percentage Range (W%R) 42.00
Lane's Stochastic (%D-Slow) 24.39
Greed/Fear Indicator (GFI) 45.11
Moving Average Converg./Diverg. (MACD) -6.77
Trading Signals
Description Value Chart
Yearly Trendline Support 270.17
Upper Bollinger Band 242.37
Daily Stochastic Crossing 236.85
Price 235.35
50 Day Moving Average 233.48
20 Day Moving Average 219.36
Weekly Stochastic Crossing 217.99
Parabolic System 213.12
Lower Bollinger Band 204.36
Weekly Trendline Support 195.09
Sector and Industry
Description Name Rank
Sector Information Technology 10
Industry Application Software 95
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 199.18
Low Date 09/29/2026
High 238.59
High Date 10/09/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 174.02
Support 195.09
High 271.72
High Date 08/27/2026
Low 199.18
Low Date 09/29/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
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 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 Rising Wedge
Status Broken Support
Resistance 332.61
Support 270.17
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.