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Price vs. Upper Bollinger Band:Crossover
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Bollinger Band crossover - Stock market timing signal.
The Bollinger bands indicator developed by John Bollinger in the early 1980s is one of the most popular and powerful trading tools. These bands are charted two standard deviations away from a simple moving average, and they provide a relative definition of high and low. Bollinger bands trading technique uses one band as an entry point exit of the other. The center band presents a neutral support/resistance level. As with most indicators, signals generated by bollinger band crossover should be confirmed using complimentary indicators.
bollinger bands,bollinger band crossover,stock market timing signal,bollinger band indicator screener

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- 1/3/2020 -
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Autodesk, Inc. (ADSK)

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Summary:
Weekly :Relative Strength Index is overboughtWilliams' Percentage Range and Lane's Stochastic are strongly overboughtStochastic has declined below the signal lineBroken trend resistance line
Daily :Broken trend support lineStochastic has declined below the signal lineThe 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 gave back -0.43 points, or -0.23%, and closed at 184.95 on Friday, January 3, 2020. Weekly volume was -54% 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 187.89 on January 2, 2020. ADSK gained -176.19 points, or -1505.90%, in 565 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (58.60) 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 187.89 on January 2, 2020. ADSK gained -146.29 points, or -351.66%, in 203 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 140.94 and resistance is at 203.29. 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 Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index or strongly 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, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since November 8, 2019. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. 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 October 23, 2019 at 138.62 and reached 187.89 on January 2, 2020. ADSK gained -49.27 points, or -35.54%, in 71 days. The chart has formed a Rising Wedge chart pattern. The uptrend support line (189.34) 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. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal.

The daily MACD line is below its signal line since December 11, 2019. The distance between MACD and the signal line is low, but getting bigger.

The distance between the Bollinger Bands is falling, and it was 6.27% on Friday. It is 50.71% 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) 64.32
Williams' Percentage Range (W%R) 26.80
Lane's Stochastic (%D-Slow) 68.41
Greed/Fear Indicator (GFI) 68.63
Moving Average Converg./Diverg. (MACD) 5.13
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 80.55
Overbought
Williams' Percentage Range (W%R) 5.80
Strong Overbought
Lane's Stochastic (%D-Slow) 94.27
Strong Overbought
Greed/Fear Indicator (GFI) 85.25
Overbought
Moving Average Converg./Diverg. (MACD) 2.42
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 203.29
Weekly Trendline Support 189.34
Weekly Trendline Resistance 187.80
Upper Bollinger Band 186.62
Weekly Stochastic Crossing 185.97
Daily Stochastic Crossing 185.56
Price 184.95
Parabolic System 182.35
20 Day Moving Average 182.12
Lower Bollinger Band 175.04
50 Day Moving Average 168.32
Monthly Trendline Support 152.96
Sector and Industry
Description Name Rank
Sector Technology 6
Industry Technical/System Software 152
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 181.73
Low Date 12/23/2019
High 187.89
High Date 01/02/2020
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 187.80
Support 189.34
Low 138.62
Low Date 10/23/2019
High 187.89
High Date 01/02/2020
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 131.50
Support 152.96
Low 129.70
Low Date 08/28/2019
High 187.89
High Date 01/02/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 203.29
Support 140.94
Low 41.60
Low Date 02/09/2016
High 187.89
High Date 01/02/2020
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 83.32
Support 58.60
Low 11.70
Low Date 03/02/2009
High 187.89
High Date 01/02/2020
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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