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 and Lane's Stochastic are overboughtBroken trend resistance line
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It was a third consecutive positive week for the Autodesk, Inc. (ADSK). During the week, the ADSK gained 2.71 points, or 1.80%, and closed at 152.96 on Friday, November 8, 2019. Weekly volume was -64% 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 (57.93) 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 141.05 and resistance is at 211.40. 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. The distance between MACD and the signal line is low and getting smaller. 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 September 12, 2019 at 159.88 and reached 138.62 on October 23, 2019. ADSK lost 21.26 points, or 13.30%, in 41 days. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (137.21) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. ADSK may retest the broken resistance line. It is considered to be a support line now. 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 short-term trend.

Daily Technical Indicators: [See ADSK daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. 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 daily MACD line is above its signal line since October 25, 2019.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 78.13
Williams' Percentage Range (W%R) 19.80
Overbought
Lane's Stochastic (%D-Slow) 85.83
Overbought
Greed/Fear Indicator (GFI) 81.37
Overbought
Moving Average Converg./Diverg. (MACD) 0.34
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.32
Williams' Percentage Range (W%R) 53.70
Lane's Stochastic (%D-Slow) 54.37
Greed/Fear Indicator (GFI) 51.55
Moving Average Converg./Diverg. (MACD) -2.27
Trading Signals
Description Value Chart
Upper Bollinger Band 156.62
Price 152.96
Daily Stochastic Crossing 152.30
Parabolic System 149.90
50 Day Moving Average 148.10
Weekly Stochastic Crossing 147.37
20 Day Moving Average 147.11
Weekly Trendline Resistance 144.96
Quarterly Trendline Support 141.05
Lower Bollinger Band 140.43
Weekly Trendline Support 137.21
Sector and Industry
Description Name Rank
Sector Technology 6
Industry Technical/System Software 47
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 138.62
Low Date 10/23/2019
High 153.80
High Date 11/07/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 144.96
Support 137.21
High 159.88
High Date 09/12/2019
Low 138.62
Low Date 10/23/2019
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 178.95
High Date 05/01/2019
Low 129.70
Low Date 08/28/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 211.40
Support 141.05
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 82.61
Support 57.93
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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