AUTODESK INC (ADSK) Technical Analysis
NASDAQ:ADSK • US0527691069
Current stock price
ADSK Technical Rating and Analysis
Taking everything into account, ADSK scores 0 out of 10 in our technical rating. ADSK scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 81% of all other stocks performed better in the past year than ADSK.
- 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 - 261.78 range, which is quite wide. It is currently trading near the lows of this range.
- ADSK has an average volume of 2264820 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 66% of 275 stocks in the same industry.
ADSK Weekly and Daily overview Charts
ADSK Setup Rating and Analysis
ADSK has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. 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 232.64, a Stop Loss order could be placed below this zone.
More info and screens
ADSK Support and Resistance Analysis
216.44
We found 2 important support areas.
- A support zone ranging from 223.49 to 232.64. 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.
4 important resistance areas can be observed.
- A resistance zone ranging from 243.39 to 249.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 257.42 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 | 19.82 | NEGATIVE | ADSK has a low relative strength, it was outperformed by 80.18% 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) | 41.65 | NEUTRAL | The RSI value for ADSK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.69 | NEGATIVE | The MACD value suggests ADSK has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 26.45 | NEUTRAL | The Stochastics value for ADSK is a neutral value. |
| Average True Range in percent/ATR (20) | 3.28 | MEDIUM VOLATILITY | The ATR as a percentage value for ADSK suggests some volalility. |
| Average Directional Index/ADX (14) | 21.55 | 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
234.96
-2.76 (-1.16%)
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 41.648. 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 -0.69319, indicating a bearish trend.
Can you provide the support and resistance levels for AUTODESK INC?
AUTODESK INC (ADSK) has a support level at 232.64 and a resistance level at 243.39. Check the full technical report for our detailed analysis of ADSK support and resistance levels.