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Yearly Price vs. Trendline:Broken Resistance
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Trend Line Resistance Trend Line Support Resistance.
Trendline support resistance provides an excellent buy/sell signals in trending market. On an uptrend, buy around the support trend line level and place a stop order below the trend line support. Take profit on the trend line resistance level. Reverse the technique in a downtrend. Short around the resistance trend line level and place a stop order above the trend line resistance.
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- 11/19/2021 -
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Autodesk, Inc. (ADSK)

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Summary:
Weekly :Broken trend support lineBroken trend resistance line
Daily :Daily  MACD line has moved below its signal lineBroken trend resistance lineThe price has risen above the Parabolic SAR
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It was the negative week for the Autodesk, Inc. (ADSK). During the week, the ADSK dropped -6.80 points, or -2.06%, and closed at 322.52 on Friday, November 19, 2021. Weekly volume was -6% 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 344.39 on August 24, 2021. ADSK gained -332.69 points, or -2843.50%, in 651 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (66.72) 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 March 18, 2020 at 125.38 and reached 344.39 on August 24, 2021. ADSK gained -219.01 points, or -174.68%, in 74 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (346.45) 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 medium-term trend.

Weekly Technical Indicators: [See ADSK weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since November 5, 2021. This is an indication that the medium-term trend is up. 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 August 24, 2021 at 344.39 and reached 271.09 on October 4, 2021. ADSK lost 73.30 points, or 21.28%, in 41 days. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (254.38) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a short-term trend.

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

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.58
Williams' Percentage Range (W%R) 29.60
Lane's Stochastic (%D-Slow) 55.81
Greed/Fear Indicator (GFI) 60.60
Moving Average Converg./Diverg. (MACD) 8.04
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.19
Williams' Percentage Range (W%R) 25.70
Lane's Stochastic (%D-Slow) 75.39
Greed/Fear Indicator (GFI) 67.44
Moving Average Converg./Diverg. (MACD) 4.85
Trading Signals
Description Value Chart
Monthly Trendline Resistance 353.75
Monthly Trendline Support 346.45
Upper Bollinger Band 333.62
Daily Stochastic Crossing 327.55
Weekly Stochastic Crossing 325.32
Price 322.52
20 Day Moving Average 320.92
Parabolic System 320.87
Lower Bollinger Band 304.09
50 Day Moving Average 300.61
Sector and Industry
Description Name Rank
Sector Information Technology 6
Industry Application Software 89
Daily Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Low 271.09
Low Date 10/04/2021
High 335.48
High Date 11/17/2021
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 212.03
Support 254.38
High 344.39
High Date 08/24/2021
Low 271.09
Low Date 10/04/2021
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 353.75
Support 346.45
Low 125.38
Low Date 03/18/2020
High 344.39
High Date 08/24/2021
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 41.60
Low Date 02/09/2016
High 344.39
High Date 08/24/2021
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 91.45
Support 66.72
Low 11.70
Low Date 03/02/2009
High 344.39
High Date 08/24/2021
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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