AUTODESK INC.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	ADSK
ISIN:

AUTODESK INC. - 1H - Technical analysis published on 05/10/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

17%

My opinion

Bullish above 210.32 USD

My targets

222.20 USD (+1.69%)

234.04 USD (+7.11%)

My analysis

AUTODESK INC. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 210.32 USD. The next resistance located at 222.20 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 234.04 USD. After this resistance, buyers could then target 247.42 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

7.3

Comment on the analysis

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. price is 218.51 USD. The price is lower by -0.06% since the last closing and was between 218.05 USD and 220.73 USD. This implies that the price is at +0.21% from its lowest and at -1.01% from its highest.

218.05

220.73

218.51

The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.

Opening Gap UP

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical

Technical analysis of this 1H chart of AUTODESK INC. indicates that the overall trend is strongly bullish. 82.14% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 14 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found no further results concerning independent technical indicators.

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these bearish signals that could support the hypothesis of a small drop in the very short term:

Black gravestone / inverted hammer

Type : Bearish

Timeframe : 1 hour

Black evening star

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	195.15	201.88	210.32	218.51	222.20	234.04	247.42
Change (%)	-10.69%	-7.61%	-3.75%	-	+1.69%	+7.11%	+13.23%
Change	-23.36	-16.63	-8.19	-	+3.69	+15.53	+28.91
Level	Major	Minor	Major	-	Major	Major	Intermediate

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	210.21	211.94	215.28	217.01	220.35	222.08	225.42
Camarilla	217.24	217.70	218.17	218.63	219.10	219.56	220.02
Woodie	211.03	212.34	216.10	217.41	221.17	222.48	226.24
Fibonacci	211.94	213.87	215.07	217.01	218.94	220.14	222.08

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	199.34	204.07	209.63	214.36	219.92	224.65	230.21
Camarilla	212.36	213.30	214.25	215.19	216.13	217.08	218.02
Woodie	199.76	204.28	210.05	214.57	220.34	224.86	230.63
Fibonacci	204.07	208.00	210.43	214.36	218.29	220.72	224.65

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	137.95	172.09	192.47	226.61	246.99	281.13	301.51
Camarilla	197.86	202.86	207.85	212.85	217.85	222.85	227.84
Woodie	131.07	168.65	185.59	223.17	240.11	277.69	294.63
Fibonacci	172.09	192.92	205.78	226.61	247.44	260.30	281.13

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):	65.63
MACD (12,26,9):	1.0200
Directional Movement:	24.07
AROON (14):	57.15
DEMA (21):	217.50
Parabolic SAR (0,02-0,02-0,2):	214.39
Elder Ray (13):	1.55
Super Trend (3,10):	215.82
Zig ZAG (10):	218.25
VORTEX (21):	1.1500
Stochastique (14,3,5):	80.63
TEMA (21):	218.24
Williams %R (14):	-34.20
Chande Momentum Oscillator (20):	4.41
Repulse (5,40,3):	-0.1400
ROCnROLL:	1
TRIX (15,9):	0.0400
Courbe Coppock:	3.09

MA7:	215.33
MA20:	216.60
MA50:	239.12
MA100:	244.00
MAexp7:	217.70
MAexp20:	216.33
MAexp50:	215.56
MAexp100:	217.77
Price / MA7:	+1.48%
Price / MA20:	+0.88%
Price / MA50:	-8.62%
Price / MA100:	-10.45%
Price / MAexp7:	+0.37%
Price / MAexp20:	+1.01%
Price / MAexp50:	+1.37%
Price / MAexp100:	+0.34%

Quotes : - 15 min delayed data - NASDAQ Stocks

News

The last news published on AUTODESK INC. at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia AI

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