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

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is overboughtLane's Stochastic is strongly overboughtBroken trend resistance lineBroken trend resistance line
Daily :Broken trend support line
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It was the negative week for the Autodesk, Inc. (ADSK). During the week, the ADSK dropped -5.08 points, or -2.14%, and closed at 232.74 on Friday, June 26, 2020. Weekly volume was -33% below average.

ADSK is a member of Information Technology Sector. Information Technology is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See ADSK long-term trend chart]
A long-term uptrend had started on March 2, 2009 at 11.70 and reached 247.14 on June 23, 2020. ADSK gained -235.44 points, or -2012.31%, in 590 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (60.67) 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 247.14 on June 23, 2020. ADSK gained -205.54 points, or -494.09%, in 228 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (142.85) 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 medium-term trend.

Weekly Technical Indicators: [See ADSK weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range or strongly overbought weekly 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 weekly MACD line is above its signal line since May 15, 2020. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. 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 May 14, 2020 at 170.57 and reached 247.14 on June 23, 2020. ADSK gained -76.57 points, or -44.89%, in 40 days. The chart has formed a Rising Wedge chart pattern. The uptrend support line (239.41) is broken. A broken support is considered to be a long-term bearish signal. 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 support in a short-term trend.

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

The daily MACD line is below its signal line since June 18, 2020.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 49.38
Williams' Percentage Range (W%R) 32.10
Lane's Stochastic (%D-Slow) 59.88
Greed/Fear Indicator (GFI) 59.07
Moving Average Converg./Diverg. (MACD) 11.39
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 77.57
Williams' Percentage Range (W%R) 10.00
Overbought
Lane's Stochastic (%D-Slow) 92.28
Strong Overbought
Greed/Fear Indicator (GFI) 83.35
Overbought
Moving Average Converg./Diverg. (MACD) 7.41
Trading Signals
Description Value Chart
Weekly Trendline Resistance 249.44
Upper Bollinger Band 241.90
Weekly Stochastic Crossing 240.75
Weekly Trendline Support 239.41
Daily Stochastic Crossing 238.27
Monthly Trendline Resistance 238.05
Price 232.74
20 Day Moving Average 231.80
Parabolic System 229.69
Quarterly Trendline Resistance 223.05
Lower Bollinger Band 212.93
Monthly Trendline Support 205.37
50 Day Moving Average 203.98
Sector and Industry
Description Name Rank
Sector Information Technology 12
Industry Application Software 121
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 247.14
High Date 06/23/2020
Low 228.37
Low Date 06/25/2020
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 249.44
Support 239.41
Low 170.57
Low Date 05/14/2020
High 247.14
High Date 06/23/2020
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 238.05
Support 205.37
Low 125.38
Low Date 03/18/2020
High 247.14
High Date 06/23/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 223.05
Support 142.85
Low 41.60
Low Date 02/09/2016
High 247.14
High Date 06/23/2020
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 85.39
Support 60.67
Low 11.70
Low Date 03/02/2009
High 247.14
High Date 06/23/2020
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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