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Downtrend Broken Resist.Archive
- 10/11/2024 -
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Autodesk, Inc. (ADSK) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a first positive week for the Autodesk, Inc. (ADSK). During the week, the ADSK gained 10.51 points, or 3.88%, and closed at 281.67 on Friday, October 11, 2024. Weekly volume was -35% below 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 282.54 on October 11, 2024. ADSK gained -119.34 points, or -73.12%, in 121 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 202.27 and resistance is at 297.36. 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 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 282.54 on October 11, 2024. ADSK gained -87.22 points, or -44.65%, in 19 weeks. Price is near the trend high.
 Weekly Technical Indicators: [See ADSK weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is above its signal line since June 28, 2024. This is an indication that the medium-term trend is up. 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 September 6, 2024 at 249.61 and reached 282.54 on October 11, 2024. ADSK gained -32.93 points, or -13.19%, in 35 days. Price is near the trend high.
 Daily Technical Indicators: [See ADSK daily technical indicators chart]
Daily technical indicators are neutral.
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 risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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 price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. 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.
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