The Greedy Trader Weekly Analysis
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Autodesk, Inc. (ADSK)

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Summary:
Weekly :Broken trend resistance line
Daily :Williams' Percentage Range is overboughtMACD bearish divergenceThe price has risen above the Parabolic SARPrice has crossed above the 50 Day Moving AverageThe price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week for the Autodesk, Inc. (ADSK). During the week, the ADSK gained 9.33 points, or 5.73%, and closed at 172.23 on Friday, July 5, 2019. Weekly volume was -36% 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 (56.41) 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 131.60 and resistance is at 196.56. 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 technical indicators are neutral.

The weekly MACD line is below its signal line since May 31, 2019. 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 June 3, 2019 at 153.55 and reached 172.34 on July 5, 2019. ADSK gained -18.79 points, or -12.24%, in 32 days. Price is near the trend high.

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. Daily MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 link to access Williams' Percentage Range help.

The daily MACD line is above its signal line since June 18, 2019. This is an indication that the short-term trend is up.

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.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. 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.

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) 68.94
Williams' Percentage Range (W%R) 12.10
Overbought
Lane's Stochastic (%D-Slow) 76.22
Greed/Fear Indicator (GFI) 77.69
Moving Average Converg./Diverg. (MACD) 0.13 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.62
Williams' Percentage Range (W%R) 29.20
Lane's Stochastic (%D-Slow) 42.57
Greed/Fear Indicator (GFI) 55.02
Moving Average Converg./Diverg. (MACD) 6.77
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 196.56
Upper Bollinger Band 174.98
Price 172.23
Daily Stochastic Crossing 171.14
50 Day Moving Average 167.90
Parabolic System 166.03
20 Day Moving Average 165.45
Weekly Stochastic Crossing 165.22
Lower Bollinger Band 158.26
Sector and Industry
Description Name Rank
Sector Technology 3
Industry Technical/System Software 71
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 153.55
Low Date 06/03/2019
High 172.34
High Date 07/05/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 178.95
High Date 05/01/2019
Low 153.55
Low Date 06/03/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
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 196.56
Support 131.60
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 81.09
Support 56.41
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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