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Application Software Industry Stocks Technical Analysis - ADSK

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- 1/31/2025 -
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Autodesk, Inc. (ADSK) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is overboughtTrend resistance at 305.99
Daily :Williams' Percentage Range is overboughtStochastic has declined below the signal lineLane's Stochastic bearish divergencePrice has crossed above the 50 Day Moving Average
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It was a third positive week after 5 consecutive negative weeks for the Autodesk, Inc. (ADSK). During the week, the ADSK gained 10.50 points, or 3.49%, and closed at 311.30 on Friday, January 31, 2025. Weekly volume was -10% below average.

ADSK is a member of Information Technology Sector. Information Technology is the second 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 326.60 on November 25, 2024. ADSK gained -163.40 points, or -100.12%, in 127 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (305.99). The resistance is usually stronger when technical indicators are overbought. 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 resistance line in a long-term trend.

Medium-term trend: [See ADSK medium-term trend chart]
A medium-term uptrend had started on May 31, 2024 at 195.32 and reached 326.60 on November 25, 2024. ADSK gained -131.28 points, or -67.21%, in 25 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 287.49 and resistance is at 359.98. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See ADSK weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. 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 Williams' Percentage Range help.

The weekly MACD line is below its signal line since December 27, 2024. The distance between MACD and the signal line is low and getting smaller. 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 January 13, 2025 at 279.80 and reached 317.10 on January 31, 2025. ADSK gained -37.30 points, or -13.33%, in 18 days. The price is now at the 15.55% retracement level.

Daily Technical Indicators: [See ADSK daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Daily Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since January 17, 2025. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.

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) 79.55
Williams' Percentage Range (W%R) 14.20
Overbought
Lane's Stochastic (%D-Slow) 76.29
Bearish
Greed/Fear Indicator (GFI) 80.54
Overbought
Moving Average Converg./Diverg. (MACD) 0.66
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.81
Williams' Percentage Range (W%R) 19.70
Overbought
Lane's Stochastic (%D-Slow) 34.40
Greed/Fear Indicator (GFI) 56.71
Moving Average Converg./Diverg. (MACD) 14.28
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 359.98
Upper Bollinger Band 315.89
Daily Stochastic Crossing 311.34
Price 311.30
Yearly Trendline Resistance 305.99
Parabolic System 303.47
50 Day Moving Average 300.67
20 Day Moving Average 296.54
Weekly Stochastic Crossing 292.48
Quarterly Trendline Support 287.49
Lower Bollinger Band 284.44
Sector and Industry
Description Name Rank
Sector Information Technology 8
Industry Application Software 59
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 302.20
Low Date 01/29/2025
High 317.10
High Date 01/31/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 279.80
Low Date 01/13/2025
High 317.10
High Date 01/31/2025
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 326.60
High Date 11/25/2024
Low 279.80
Low Date 01/13/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 359.98
Support 287.49
Low 195.32
Low Date 05/31/2024
High 326.60
High Date 11/25/2024
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Resistance
Resistance 305.99
Support 206.88
Low 163.20
Low Date 06/16/2022
High 326.60
High Date 11/25/2024
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.