AUTODESK INC (ADSK) Technical Analysis
NASDAQ:ADSK • US0527691069
Current stock price
ADSK Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to ADSK. ADSK's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, ADSK is a bad performer in the overall market: 80% of all stocks are doing better.
- ADSK is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ADSK is lagging the market.
- In the last month ADSK has a been trading in the 229.24 - 262.52 range, which is quite wide. It is currently trading near the lows of this range.
- ADSK has an average volume of 2268310 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- ADSK is part of the Software industry. There are 275 other stocks in this industry, ADSK did better than 66% of them.
ADSK Weekly and Daily overview Charts
ADSK Setup Rating and Analysis
Although the technical rating is bad, ADSK does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 243.39. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 232.17, a Stop Loss order could be placed below this zone.
More info and screens
ADSK Support and Resistance Analysis
216.44
2 important support areas can be observed.
- A support zone ranging from 226.97 to 232.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @218.63 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 243.39 to 250.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 257.73 to 264.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @279.56 from a trend line in the weekly time frame.
- Resistance @321.27 from a horizontal line in the weekly time frame.
ADSK Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for ADSK is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ADSK is down. |
| ChartMill Relative Strength | 20.35 | NEGATIVE | ADSK has a low relative strength, it was outperformed by 79.65% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ADSK is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ADSK is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ADSK is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.12 | NEUTRAL | The RSI value for ADSK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.7 | NEGATIVE | The MACD value suggests ADSK has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 28.69 | NEUTRAL | The Stochastics value for ADSK is a neutral value. |
| Average True Range in percent/ATR (20) | 3.25 | MEDIUM VOLATILITY | The ATR as a percentage value for ADSK suggests some volalility. |
| Average Directional Index/ADX (14) | 21.13 | NEUTRAL | The ADX value for ADSK suggests a possible start of a new trend. |
ADSK Chart- and CandleStick Pattern Analysis
ADSK Technicals: Chart, Performance Metrics, Trend & Indicators
237.72
-0.36 (-0.15%)
AUTODESK INC / ADSK TA FAQ
What is the technical rating for ADSK stock?
ChartMill assigns a technical rating of 0 / 10 to ADSK.
What is the trend direction for ADSK stock?
The current trend direction for AUTODESK INC (ADSK) is Bearish.
What is the RSI signal for ADSK stock?
AUTODESK INC (ADSK) has an RSI value of 44.1235. This indicates that the stock is currently neutral.
Can you provide the MACD signal for AUTODESK INC?
The MACD indicator for AUTODESK INC (ADSK) has a value of -0.700565, indicating a bearish trend.
Can you provide the support and resistance levels for AUTODESK INC?
AUTODESK INC (ADSK) has a support level at 232.17 and a resistance level at 243.39. Check the full technical report for our detailed analysis of ADSK support and resistance levels.