AUTODESK INC (ADSK) Technical Analysis
NASDAQ:ADSK • US0527691069
Current stock price
ADSK Technical Rating and Analysis
Taking everything into account, ADSK scores 1 out of 10 in our technical rating. ADSK's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- 81% of all other stocks performed better in the past year than ADSK.
- ADSK is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month ADSK has a been trading in the 214.10 - 251.06 range, which is quite wide. It is currently trading near the high of this range.
- ADSK has an average volume of 2280330 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
- ADSK is an average performer in the Software industry, it outperforms 61% of 271 stocks in the same industry.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
ADSK Weekly and Daily overview Charts
ADSK Setup Rating and Analysis
Although the technical rating is bad, ADSK does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 239.88, a Stop Loss order could be placed below this zone.
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ADSK Support and Resistance Analysis
216.26
We found 3 important support areas.
- A support zone ranging from 233.71 to 239.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @223.49 from a horizontal line in the daily time frame.
- A support zone ranging from 218.44 to 218.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- Resistance @254.99 from a trend line in the daily time frame.
- A resistance zone ranging from 261.00 to 264.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 274.78 to 278.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @321.27 from a horizontal line in the weekly time frame.
ADSK Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for ADSK is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ADSK is up. |
| ChartMill Relative Strength | 19.26 | NEGATIVE | ADSK has a low relative strength, it was outperformed by 80.74% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ADSK is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of ADSK is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ADSK is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.69 | NEUTRAL | The RSI value for ADSK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.18 | POSITIVE | The MACD value suggests ADSK has a positive trend. |
| Stochastics (14,3) | 84.08 | OVERBOUGHT | The high Stochastics value suggests ADSK may be overbought. |
| Average True Range in percent/ATR (20) | 3.79 | MEDIUM VOLATILITY | The ATR as a percentage value for ADSK suggests some volalility. |
| Average Directional Index/ADX (14) | 20.65 | NEUTRAL | The ADX value for ADSK suggests a possible start of a new trend. |
ADSK Chart- and CandleStick Pattern Analysis
ADSK Technicals: Chart, Performance Metrics, Trend & Indicators
242.02
-1.14 (-0.47%)
AUTODESK INC / ADSK TA FAQ
What is the technical rating for ADSK stock?
ChartMill assigns a technical rating of 1 / 10 to ADSK.
What is the trend direction for ADSK stock?
The current trend direction for AUTODESK INC (ADSK) is Bearish.
What is the RSI signal for ADSK stock?
AUTODESK INC (ADSK) has an RSI value of 52.6854. This indicates that the stock is currently neutral.
Can you provide the MACD signal for AUTODESK INC?
The MACD indicator for AUTODESK INC (ADSK) has a value of 1.18022, indicating a bullish trend.
Can you provide the support and resistance levels for AUTODESK INC?
AUTODESK INC (ADSK) has a support level at 239.88 and a resistance level at 254.99. Check the full technical report for our detailed analysis of ADSK support and resistance levels.