AUTODESK INC (ADSK) Stock Technical Analysis
USA - NASDAQ:ADSK - US0527691069 - Common Stock
Overall ADSK gets a technical rating of 2 out of 10. ADSK has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
ADSK has a poor technical rating and the quality of the setup is also only medium 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.
More info and screens
255.05
We found 4 important support areas.
- A support zone ranging from 297.18 to 300.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 280.38 to 280.39. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @275.45 from a trend line in the weekly time frame.
- Support @257.63 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 307.55 to 312.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 321.27 to 326.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for ADSK is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ADSK is down. |
| ChartMill Relative Strength | 49.08 | 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 | MIXED | The current price of ADSK is below 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) | 41 | NEUTRAL | The RSI value for ADSK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.73 | NEGATIVE | The MACD value suggests ADSK has a negative trend. |
| Stochastics (14,3) | 36.45 | NEUTRAL | The Stochastics value for ADSK is a neutral value. |
| Average True Range in percent/ATR (20) | 2.33 | MEDIUM VOLATILITY | The ATR as a percentage value for ADSK suggests some volalility. |
| Average Directional Index/ADX (14) | 19.36 | NEGATIVE | The low ADX value for ADSK suggests a weak or negative trend. |
300.77
+3.69 (+1.24%)
AUTODESK INC / ADSK FAQ
What is the ChartMill technical rating of AUTODESK INC (ADSK) stock?
ChartMill assigns a technical rating of 2 / 10 to ADSK.
What is the current trend direction of AUTODESK INC (ADSK) stock?
The current trend direction for AUTODESK INC (ADSK) is Bearish.
Can you provide the RSI signal for AUTODESK INC?
AUTODESK INC (ADSK) has an RSI value of 41.0019. This indicates that the stock is currently neutral.
What is the short term momentum for AUTODESK INC (ADSK) stock?
The short term momentum for AUTODESK INC (ADSK) is negative.
What is the support and resistance level for ADSK stock?
AUTODESK INC (ADSK) has a support level at 300.76 and a resistance level at 307.55. Check the full technical report for our detailed analysis of ADSK support and resistance levels.