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Application Software Industry Stocks Technical Analysis - ADSKArchive
- 1/3/2025 -
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Autodesk, Inc. (ADSK) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Autodesk, Inc. (ADSK). During the week, the ADSK gave back -2.90 points, or -0.98%, and closed at 294.10 on Friday, January 3, 2025. Weekly volume was -36% below average.
ADSK is a member of Information Technology Sector. Information Technology is the second 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 June 16, 2022 at 163.20 and reached 326.60 on November 25, 2024. ADSK gained -163.40 points, or -100.12%, in 127 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 205.77 and resistance is at 303.92. 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 long-term trend.
 Medium-term trend: [See ADSK medium-term trend chart]
A medium-term uptrend had started on May 31, 2024 at 195.32 and reached 326.60 on November 25, 2024. ADSK gained -131.28 points, or -67.21%, in 25 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend support (297.34) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a medium-term trend.
 Weekly Technical Indicators: [See ADSK weekly technical indicators chart]
Weekly technical indicators are neutral.
During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. 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 December 26, 2024 at 301.70 and reached 291.70 on December 30, 2024. ADSK lost 10.00 points, or 3.31%, in 4 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Daily Technical Indicators: [See ADSK daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since November 26, 2024. This is an indication that the short-term trend is down.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Information Technology |
8 |
| Industry |
Application Software |
85 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
301.70 |
| High Date |
12/26/2024 |
| Low |
291.70 |
| Low Date |
12/30/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
301.70 |
| High Date |
12/26/2024 |
| Low |
291.70 |
| Low Date |
12/30/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
326.60 |
| High Date |
11/25/2024 |
| Low |
288.50 |
| Low Date |
12/20/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Channel |
| Status |
Test Support |
| Resistance |
342.00 |
| Support |
297.34 |
| Low |
195.32 |
| Low Date |
05/31/2024 |
| High |
326.60 |
| High Date |
11/25/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Valid |
| Resistance |
303.92 |
| Support |
205.77 |
| Low |
163.20 |
| Low Date |
06/16/2022 |
| High |
326.60 |
| High Date |
11/25/2024 |
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