AUTODESK INC. - Daily - Technical analysis published on 11/25/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 208.25 USD
My targets
198.70 USD (-2.32%)
195.13 USD (-4.08%)
My analysis
All elements being rather bearish, it would be possible for traders to trade only short positions (for sale) on AUTODESK INC. as long as the price remains well below 208.25 USD. The next bearish objective for sellers is set at 198.70 USD. A bearish break of this support would revive the bearish momentum. Sellers could then target the next support located at 195.13 USD. If there is any crossing, the next objective would be the support located at 189.90 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bearish, basic trend. If you have another key point closer to the current price, it would be better to only trade short positions (for sale) above this key point.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5
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 hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AUTODESK INC. price is 203.42 USD. The price registered an increase of +0.38% on the session with the lowest point at 201.11 USD and the highest point at 203.57 USD. The deviation from the price is +1.15% for the low point and -0.07% for the high point.201.11
203.57
203.42
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of AUTODESK INC. indicates that the overall trend is bearish. 78.57% of the signals given by moving averages are bearish. This bearish trend is slowing down slightly given the slightly bearish signals given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : Daily
Bearish trend reversal : Moving Average 100
Type : Bearish
Timeframe : Daily
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : Daily
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : Daily
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : Daily
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 6 are neutral and 8 are bearish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : Daily
Momentum indicator is back under 0
Type : Bearish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of channel
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 189.90 | 195.13 | 198.70 | 203.42 | 208.25 | 213.99 | 221.40 |
| Change (%) | -6.65% | -4.08% | -2.32% | - | +2.37% | +5.20% | +8.84% |
| Change | -13.52 | -8.29 | -4.72 | - | +4.83 | +10.57 | +17.98 |
| Level | Minor | Major | Major | - | Major | Major | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 199.37 | 200.24 | 201.83 | 202.70 | 204.29 | 205.16 | 206.75 |
| Camarilla | 202.74 | 202.97 | 203.20 | 203.42 | 203.65 | 203.87 | 204.10 |
| Woodie | 199.73 | 200.42 | 202.19 | 202.88 | 204.65 | 205.34 | 207.11 |
| Fibonacci | 200.24 | 201.18 | 201.76 | 202.70 | 203.64 | 204.22 | 205.16 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 173.04 | 186.55 | 194.98 | 208.49 | 216.92 | 230.43 | 238.86 |
| Camarilla | 197.39 | 199.40 | 201.41 | 203.42 | 205.43 | 207.44 | 209.45 |
| Woodie | 170.51 | 185.28 | 192.45 | 207.22 | 214.39 | 229.16 | 236.33 |
| Fibonacci | 186.55 | 194.93 | 200.11 | 208.49 | 216.87 | 222.05 | 230.43 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 43.96 | |
| MACD (12,26,9): | 1.4400 | |
| Directional Movement: | -10.62 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 210.85 | |
| Parabolic SAR (0,02-0,02-0,2): | 221.99 | |
| Elder Ray (13): | -7.64 | |
| Super Trend (3,10): | 219.49 | |
| Zig ZAG (10): | 203.42 | |
| VORTEX (21): | 1.0200 | |
| Stochastique (14,3,5): | 38.16 | |
| TEMA (21): | 212.45 | |
| Williams %R (14): | -83.84 | |
| Chande Momentum Oscillator (20): | -1.89 | |
| Repulse (5,40,3): | 0.4500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.1100 | |
| Courbe Coppock: | 11.37 |
| MA7: | 213.13 | |
| MA20: | 207.08 | |
| MA50: | 207.16 | |
| MA100: | 209.09 | |
| MAexp7: | 210.13 | |
| MAexp20: | 209.12 | |
| MAexp50: | 208.18 | |
| MAexp100: | 207.65 | |
| Price / MA7: | -4.56% | |
| Price / MA20: | -1.77% | |
| Price / MA50: | -1.81% | |
| Price / MA100: | -2.71% | |
| Price / MAexp7: | -3.19% | |
| Price / MAexp20: | -2.73% | |
| Price / MAexp50: | -2.29% | |
| Price / MAexp100: | -2.04% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The last news published on AUTODESK INC. at the time of the generation of this analysis was as follows:
- Autodesk to present at upcoming investor conferences
- AUTODESK, INC. ANNOUNCES FISCAL 2024 THIRD QUARTER RESULTS
- AI and the Design and Make Platform take the main stage at Autodesk University
- Autodesk Workshop XR Delivers Immersive Design Review Experience for the AEC Industry
- Introducing Autodesk AI for Design and Make
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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