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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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- 1/23/2026 -
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Autodesk, Inc. (ADSK) Technical Analysis

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Summary:
Weekly :Broken trend support lineOversold industryPrice is near the Fibonacci 23.6% retracement level
Daily :Bearish Advance Block CandlestickStochastic signal line moved above oversold areaThe period of high volatility of the stock price
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It was a first positive week after 3 consecutive negative weeks for the Autodesk, Inc. (ADSK). During the week, the ADSK gained 4.31 points, or 1.62%, and closed at 270.00 on Friday, January 23, 2026. It was the best weekly gain since November 28, 2025. Weekly volume was 54% above average.

ADSK is a member of Application Software Industry. Application Software is the tenth most oversold industry. 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 April 7, 2025 at 232.70 and reached 329.09 on September 8, 2025. ADSK gained -96.39 points, or -41.42%, in 22 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (377.93) 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 252.55 on January 20, 2026. ADSK lost 76.54 points, or 23.26%, in 19 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

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

The weekly MACD line is below its signal line since October 17, 2025. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term downtrend is strong. 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 December 22, 2025 at 303.79 and reached 252.55 on January 20, 2026. ADSK lost 51.24 points, or 16.87%, in 29 days. The price is now at the 34.06% retracement level.

Daily Technical Indicators: [See ADSK daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. 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 Lane's Stochastic help.

The daily MACD line is below its signal line since December 31, 2025. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

The distance between the Bollinger Bands is 106.12% higher then one year average. It indicates the period of high volatility of the stock price. 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.

Candlestick pattern: [See ADSK candlestick chart pattern]
On Friday the chart has formed a Bearish Advance Block Candlestick pattern. This pattern occurs in an uptrend; it is not a top reversal pattern, but it might precede a meaningful price decline. The reliability of the Bearish Advance Block pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bearish Advance Block Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 38.95
Williams' Percentage Range (W%R) 66.60
Lane's Stochastic (%D-Slow) 32.38
Greed/Fear Indicator (GFI) 34.89
Moving Average Converg./Diverg. (MACD) -8.19
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 33.69
Williams' Percentage Range (W%R) 78.00
Lane's Stochastic (%D-Slow) 22.29
Greed/Fear Indicator (GFI) 27.97
Moving Average Converg./Diverg. (MACD) 0.43
Trading Signals
Description Value Chart
Upper Bollinger Band 307.62
50 Day Moving Average 291.13
20 Day Moving Average 279.97
Parabolic System 274.69
Price 270.00
Weekly Stochastic Crossing 265.46
Daily Stochastic Crossing 262.25
Lower Bollinger Band 246.18
Sector and Industry
Description Name Rank
Sector Information Technology 3
Industry Application Software 10
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 303.79
High Date 12/22/2025
Low 252.55
Low Date 01/20/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 320.00
High Date 11/26/2025
Low 252.55
Low Date 01/20/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 329.09
High Date 09/08/2025
Low 252.55
Low Date 01/20/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 349.82
Support 377.93
Low 232.70
Low Date 04/07/2025
High 329.09
High Date 09/08/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
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.