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Advanced TA SearchArchive
- 4/19/2024 -
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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 dropped -20.48 points, or -8.64%, and closed at 216.50 on Friday, April 19, 2024. Weekly volume was 161% above average.
 Long-term trend: [See ADSK long-term trend chart]
A long-term downtrend had started on August 24, 2021 at 344.39 and reached 163.20 on June 16, 2022. ADSK lost 181.19 points, or 52.61%, in 42 weeks. The chart has formed a Symmetric Triangle chart pattern. The price is near the trend resistance line (47.82). The resistance is usually stronger when technical indicators are overbought. 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 resistance line in a long-term trend.
 Medium-term trend: [See ADSK medium-term trend chart]
A medium-term uptrend had started on June 16, 2022 at 163.20 and reached 279.53 on March 1, 2024. ADSK gained -116.33 points, or -71.28%, in 89 weeks. The chart has formed a Symmetric Triangle chart pattern. The price is near the trend support (217.11) 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 Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range. 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 weekly MACD line is below its signal line since March 28, 2024. The distance between MACD and the signal line is near its high and getting bigger. 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 March 21, 2024 at 268.90 and reached 206.23 on April 18, 2024. ADSK lost 62.67 points, or 23.31%, in 28 days. The price is now at the 16.39% retracement level.
 Daily Technical Indicators: [See ADSK daily technical indicators chart]
Daily Relative Strength Index and Lane's Stochastic are oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Relative Strength Index and Lane's Stochastic or strongly oversold daily Williams' Percentage Range. Use the following links to access Lane's Stochastic and Relative Strength Index help.
The daily MACD line is below its signal line since March 28, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.
The distance between the Bollinger Bands (29.38%) is close to one year high (19.21%). It is 185.25% higher then one year average. It indicates the period of high volatility of the stock price, and it is considered a sell signal for the option traders. 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.
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