ADSK Technical Analysis - AUTODESK INC

Technical Rating and Analysis

We assign a technical rating of 5 out of 10 to ADSK. In the last year, ADSK was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.

In the last month ADSK has a been trading in the 305.81 - 326.71 range, which is quite wide. It is currently trading near the lows of this range.

ADSK is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ADSK is lagging the market slightly.

ADSK has an average volume of 1580440 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.

When compared to the yearly performance of all other stocks, ADSK outperforms 68% of them, which is more or less in line with the market.

ADSK is part of the Software industry. There are 281 other stocks in this industry, ADSK did better than 60% of them.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

ADSK has an average technical rating and the quality of the presented setup is also not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

253.86

330.07

We found 4 important support areas.

Support @296.53 from a trend line in the daily time frame.
A support zone ranging from 280.38 to 280.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @272.45 from a trend line in the weekly time frame.
Support @256.42 from a trend line in the weekly time frame.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 317.75 to 326.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

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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	UP	POSITIVE	The long term trend for ADSK is up.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for ADSK is down.
ChartMill Relative Strength	68.25	NEUTRAL	ADSK is not amongst the best or worst performers 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)	UP	POSITIVE	The current price of ADSK is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of ADSK is above the rising SMA(200).
Relative Strength Index/RSI (14)	43.44	NEUTRAL	The RSI value for ADSK is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-2.11	NEGATIVE	The MACD value suggests ADSK has a negative trend.
Stochastics (14,3)	20.58	NEUTRAL	The Stochastics value for ADSK is a neutral value.
Average True Range in percent/ATR (20)	1.98	LOW VOLATILITY	The low ATR as a percentage value for ADSK suggests low volalility.
Average Directional Index/ADX (14)	22.59	NEUTRAL	The ADX value for ADSK suggests a possible start of a new trend.