The Greedy Trader Weekly Analysis
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Number of records: 8
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Autodesk, Inc.
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Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are overboughtStochastic has declined below the signal lineBroken trend resistance line
Daily :A Parabolic SAR indicator is below and near the priceThe period of low 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 -2.93 points, or -1.66%, and closed at 173.77 on Friday, May 10, 2019. It was the worst weekly loss since March 8, 2019. Weekly volume was -34% below average.

Long-term trend: [See ADSK long-term trend chart]
A long-term uptrend had started on March 2, 2009 at 11.70 and reached 178.95 on May 1, 2019. ADSK gained -167.25 points, or -1429.49%, in 530 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (55.76) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 long-term trend.

Medium-term trend: [See ADSK medium-term trend chart]
A medium-term uptrend had started on February 9, 2016 at 41.60 and reached 178.95 on May 1, 2019. ADSK gained -137.35 points, or -330.17%, in 168 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 127.56 and resistance is at 190.23. 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 and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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 above its signal line since January 25, 2019. 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 downtrend had started on May 1, 2019 at 178.95 and reached 167.46 on May 9, 2019. ADSK lost 11.49 points, or 6.42%, in 8 days. The chart has formed a Falling Channel chart pattern.

Daily Technical Indicators: [See ADSK daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since April 30, 2019. This is an indication that the short-term trend is down.

A Parabolic SAR (stop and reversal) indicator (175.15) comes close to the price (173.77). It indicates that the trend is getting weaker. 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 falling, and it was 6.15% on Friday. It is 57.18% lower than one year average. It indicates the period of low 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) 53.11
Williams' Percentage Range (W%R) 58.80
Lane's Stochastic (%D-Slow) 38.76
Greed/Fear Indicator (GFI) 44.37
Moving Average Converg./Diverg. (MACD) 3.21
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 72.55
Williams' Percentage Range (W%R) 13.60
Overbought
Lane's Stochastic (%D-Slow) 88.55
Overbought
Greed/Fear Indicator (GFI) 77.34
Moving Average Converg./Diverg. (MACD) 7.10
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 190.23
Monthly Trendline Resistance 180.61
Monthly Trendline Support 177.79
Upper Bollinger Band 177.31
Weekly Stochastic Crossing 175.48
Parabolic System 175.15
Price 173.77
20 Day Moving Average 173.61
Daily Stochastic Crossing 171.31
Lower Bollinger Band 166.64
50 Day Moving Average 164.46
Sector and Industry
Description Name Rank
Sector Technology 4
Industry Technical/System Software 146
Daily Trend
Description Value
Direction Down
Chart Pattern Falling Channel
High 178.95
High Date 05/01/2019
Low 167.46
Low Date 05/09/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 149.67
Low Date 03/08/2019
High 178.95
High Date 05/01/2019
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 180.61
Support 177.79
Low 117.72
Low Date 12/24/2018
High 178.95
High Date 05/01/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 190.23
Support 127.56
Low 41.60
Low Date 02/09/2016
High 178.95
High Date 05/01/2019
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 80.44
Support 55.76
Low 11.70
Low Date 03/02/2009
High 178.95
High Date 05/01/2019
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.

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