Taking everything into account, ADSK scores 2 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.
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 a support zone below the current price at 294.92, a Stop Loss order could be placed below this zone.
More info and screens
277.59
We found 2 important support areas.
- A support zone ranging from 286.94 to 294.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 280.39 to 281.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 298.08 to 308.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @313.53 from a horizontal line in the daily time frame.
- A resistance zone ranging from 321.27 to 326.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for ADSK is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ADSK is neutral. |
| ChartMill Relative Strength | 30.64 | NEUTRAL | ADSK is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ADSK is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ADSK is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ADSK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 44.96 | NEUTRAL | The RSI value for ADSK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests ADSK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 38.79 | NEUTRAL | The Stochastics value for ADSK is a neutral value. |
| Average True Range in percent/ATR (20) | 2.55 | MEDIUM VOLATILITY | The ATR as a percentage value for ADSK suggests some volalility. |
| Average Directional Index/ADX (14) | 26.85 | POSITIVE | The high ADX value value for ADSK suggests a strong trend. |
297.64
-3.29 (-1.09%)
AUTODESK INC / ADSK FAQ
What is the ChartMill technical rating of AUTODESK INC (ADSK) stock?
ChartMill assigns a technical rating of 2 / 10 to ADSK.
What is the current trend direction of AUTODESK INC (ADSK) stock?
The current trend direction for AUTODESK INC (ADSK) is Bearish.
Can you provide the RSI signal for AUTODESK INC?
AUTODESK INC (ADSK) has an RSI value of 44.9577. This indicates that the stock is currently neutral.
What is the short term momentum for AUTODESK INC (ADSK) stock?
The short term momentum for AUTODESK INC (ADSK) is neutral.
What is the support and resistance level for ADSK stock?
AUTODESK INC (ADSK) has a support level at 294.92 and a resistance level at 298.08. Check the full technical report for our detailed analysis of ADSK support and resistance levels.