AUTODESK INC. - 1H - Technical analysis published on 11/02/2023 (GMT)
- 214
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Slightly bearish
Technical indicators
67%
17%
17%
My opinion
Neutral between 195.95 USD and 200.43 USD
My targets
-
My analysis
The basic trend is slightly bearish and the short term is tentatively bullish. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 200.43 USD. The first support is located at 195.95 USD. Without a basic trend, it is be important to monitor the price reaction at the first levels of resistance or support. A bullish break in resistance could quickly reverse the basic trend. A bearish break in the support would be welcome to boost the slightly bearish basic trend. On the other hand, if the price is blocked by resistance or support, it could be attractive to trade against the trend on the last short-term movement registered by AUTODESK INC..
In the very short term, despite the neutral opinion of this analysis, technical indicators are bullish and could soon allow change to a bullish sentiment.
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AUTODESK INC. rating is 198.77 USD. The price registered a decrease of -0.08% on the session and was traded between 192.01 USD and 199.51 USD over the period. The price is currently at +3.52% from its lowest and -0.37% from its highest.192.01
199.51
198.77
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by AUTODESK INC.:
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of AUTODESK INC. indicates that the overall trend is slightly bearish. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could turn neutral or reverse given the slightly bullish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
MACD indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 192.66 | 195.95 | 198.70 | 198.77 | 200.43 | 205.67 | 211.05 |
| Change (%) | -3.07% | -1.42% | -0.04% | - | +0.84% | +3.47% | +6.18% |
| Change | -6.11 | -2.82 | -0.07 | - | +1.66 | +6.90 | +12.28 |
| Level | Major | Minor | Major | - | Minor | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 193.24 | 194.59 | 196.76 | 198.11 | 200.28 | 201.63 | 203.80 |
| Camarilla | 197.96 | 198.29 | 198.61 | 198.93 | 199.25 | 199.58 | 199.90 |
| Woodie | 193.65 | 194.80 | 197.17 | 198.32 | 200.69 | 201.84 | 204.21 |
| Fibonacci | 194.59 | 195.94 | 196.77 | 198.11 | 199.46 | 200.29 | 201.63 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 177.29 | 185.08 | 190.12 | 197.91 | 202.95 | 210.74 | 215.78 |
| Camarilla | 191.62 | 192.80 | 193.97 | 195.15 | 196.33 | 197.50 | 198.68 |
| Woodie | 175.91 | 184.39 | 188.74 | 197.22 | 201.57 | 210.05 | 214.40 |
| Fibonacci | 185.08 | 189.98 | 193.01 | 197.91 | 202.81 | 205.84 | 210.74 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 165.97 | 179.42 | 188.53 | 201.98 | 211.09 | 224.54 | 233.65 |
| Camarilla | 191.43 | 193.49 | 195.56 | 197.63 | 199.70 | 201.77 | 203.83 |
| Woodie | 163.79 | 178.34 | 186.35 | 200.90 | 208.91 | 223.46 | 231.47 |
| Fibonacci | 179.42 | 188.04 | 193.37 | 201.98 | 210.60 | 215.93 | 224.54 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 55.17 | |
| MACD (12,26,9): | 0.1100 | |
| Directional Movement: | -10.06 | |
| AROON (14): | 0 | |
| DEMA (21): | 197.59 | |
| Parabolic SAR (0,02-0,02-0,2): | 199.36 | |
| Elder Ray (13): | 1.22 | |
| Super Trend (3,10): | 200.33 | |
| Zig ZAG (10): | 198.89 | |
| VORTEX (21): | 1.0800 | |
| Stochastique (14,3,5): | 85.33 | |
| TEMA (21): | 198.32 | |
| Williams %R (14): | -12.00 | |
| Chande Momentum Oscillator (20): | 0.41 | |
| Repulse (5,40,3): | 1.0200 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.16 |
| MA7: | 197.84 | |
| MA20: | 205.11 | |
| MA50: | 209.41 | |
| MA100: | 208.79 | |
| MAexp7: | 198.05 | |
| MAexp20: | 197.61 | |
| MAexp50: | 198.77 | |
| MAexp100: | 201.46 | |
| Price / MA7: | +0.47% | |
| Price / MA20: | -3.09% | |
| Price / MA50: | -5.08% | |
| Price / MA100: | -4.80% | |
| Price / MAexp7: | +0.36% | |
| Price / MAexp20: | +0.59% | |
| Price / MAexp50: | -0% | |
| Price / MAexp100: | -1.34% |
Quotes :
-
15 min delayed data
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NASDAQ Stocks
News
The latest news and videos published on AUTODESK INC. at the time of the analysis were as follows:
- Autodesk extends invitation to join financial results conference call
- Autodesk to present at upcoming investor conferences
- AUTODESK, INC. ANNOUNCES FISCAL 2024 SECOND QUARTER RESULTS
- Autodesk extends invitation to join financial results conference call
- Autodesk to present at upcoming investor conference
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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