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: 83% of all stocks are doing better.
- ADSK is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month ADSK has a been trading in the 252.55 - 303.79 range, which is quite wide. It is currently trading near the lows of this range.
- ADSK has an average volume of 1615030 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- ADSK is an average performer in the Software industry, it outperforms 61% of 277 stocks in the same industry.
- Volume is considerably higher in the last couple of days.
The technical rating of ADSK is bad and it also does not present a quality setup 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
254.87
3 important resistance areas can be observed.
- A resistance zone ranging from 292.25 to 301.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @313.53 from a horizontal line in the daily time frame.
- Resistance @321.27 from a horizontal line in the weekly time frame.
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 | 17.76 | NEGATIVE | ADSK has a low relative strength, it was outperformed by 82.24% 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) | UP | MIXED | The current price of ADSK is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 28.41 | OVERSOLD | The low RSI value suggests ADSK may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -3.06 | NEGATIVE | The MACD value suggests ADSK has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 9.28 | OVERSOLD | The low Stochastics value suggests ADSK may be oversold. |
| Average True Range in percent/ATR (20) | 2.65 | MEDIUM VOLATILITY | The ATR as a percentage value for ADSK suggests some volalility. |
| Average Directional Index/ADX (14) | 35.18 | POSITIVE | The high ADX value value for ADSK suggests a strong trend. |
257.44
+3.57 (+1.41%)
AUTODESK INC / ADSK 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.
Can you provide the RSI signal for AUTODESK INC?
AUTODESK INC (ADSK) has an RSI value of 28.4138. This indicates that the stock is currently oversold.
What is the MACD signal for ADSK stock?
The MACD indicator for AUTODESK INC (ADSK) has a value of -3.06365, indicating a bearish trend.
What is the short term momentum for AUTODESK INC (ADSK) stock?
The short term momentum for AUTODESK INC (ADSK) is negative.