The Greedy Trader Weekly Analysis
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Daily Price vs. Fibonacci:Near 23.6% retracement level
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Stock market trading indicator and technical analysis stock screen presents technical stock market timing signals for technical investment analysis like screen stochastic or moving average trading system.. Screen includes following popular indicators and trading systems: Relative Strength Index (RSI), Williams' Percentage Range (W%R) and Lane's Stochastic (%D–Slow), moving average, macd convergence divergence, bullish and bearish divergence. For the best result different technical indicators should be analyzed in different time frames together with trend analysis, sector/industry ranking and stock timing alerts.

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- 5/3/2024 -
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Autodesk, Inc. (ADSK) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range oversoldLane's Stochastic is strongly oversoldStochastic has raised above the signal lineTrend support at 218.09
Daily :The price has fallen below the Parabolic SARBroken trend resistance lineWilliams' Percentage Range is oversoldDaily  MACD line has moved above its signal lineThe period of high volatility of the stock price
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It was the negative week for the Autodesk, Inc. (ADSK). During the week, the ADSK dropped -2.74 points, or -1.26%, and closed at 215.19 on Friday, May 3, 2024. ADSK was trading at average weekly trading volume.

Long-term trend: [See ADSK long-term trend chart]
A long-term uptrend had started on June 16, 2022 at 163.20 and reached 279.53 on March 1, 2024. ADSK gained -116.33 points, or -71.28%, in 89 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend support (218.09) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a long-term trend.

Medium-term trend: [See ADSK medium-term trend chart]
A medium-term downtrend had started on March 1, 2024 at 279.53 and reached 206.23 on April 18, 2024. ADSK lost 73.30 points, or 26.22%, in 6 weeks. The price is now at the 12.22% retracement level.

Weekly Technical Indicators: [See ADSK weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Williams' Percentage Range or strongly oversold weekly Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is below its signal line since March 28, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its 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 March 21, 2024 at 268.90 and reached 206.23 on April 18, 2024. ADSK lost 62.67 points, or 23.31%, in 28 days. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (204.26) 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 short-term trend.

Daily Technical Indicators: [See ADSK daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range.

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 fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.

The distance between the Bollinger Bands is 105.27% 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 34.10
Williams' Percentage Range (W%R) 80.70
Oversold
Lane's Stochastic (%D-Slow) 43.44
Greed/Fear Indicator (GFI) 32.27
Moving Average Converg./Diverg. (MACD) -9.63
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 31.97
Williams' Percentage Range (W%R) 88.90
Oversold
Lane's Stochastic (%D-Slow) 9.72
Strong Oversold
Greed/Fear Indicator (GFI) 19.98
Oversold
Moving Average Converg./Diverg. (MACD) 8.25
Trading Signals
Description Value Chart
Upper Bollinger Band 248.04
50 Day Moving Average 243.17
20 Day Moving Average 223.03
Quarterly Trendline Support 218.09
Parabolic System 217.72
Price 215.19
Daily Stochastic Crossing 212.43
Weekly Stochastic Crossing 212.10
Weekly Trendline Resistance 211.95
Weekly Trendline Support 204.26
Lower Bollinger Band 199.27
Sector and Industry
Description Name Rank
Sector Information Technology 4
Industry Application Software 28
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 208.80
Low Date 05/02/2024
High 217.35
High Date 05/03/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 211.95
Support 204.26
High 268.90
High Date 03/21/2024
Low 206.23
Low Date 04/18/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 279.53
High Date 03/01/2024
Low 206.23
Low Date 04/18/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 284.91
Support 218.09
Low 163.20
Low Date 06/16/2022
High 279.53
High Date 03/01/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 344.39
High Date 08/24/2021
Low 163.20
Low Date 06/16/2022
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.