AUTODESK INC.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	ADSK
ISIN:

AUTODESK INC. - Daily - Technical analysis published on 06/12/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bearish

Technical indicators

67%

33%

My opinion

Bullish above 210.20 USD

My targets

227.19 USD (+2.02%)

234.04 USD (+5.09%)

My analysis

The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for AUTODESK INC. as long as the price remains well above 210.20 USD. The buyers' bullish objective is set at 227.19 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 234.04 USD. If there is any crossing, the next objective would be the resistance located at 247.42 USD. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 227.19 USD. On this resistance, against the trend traders who would like to go short on AUTODESK INC. with a bearish signal from their trading strategy, should not hesitate to act.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

2.5

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.

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Additional analysis

Quotes

The AUTODESK INC. price is 222.70 USD. On the day, this instrument gained +5.30% and was between 214.51 USD and 223.11 USD. This implies that the price is at +3.82% from its lowest and at -0.18% from its highest.

214.51

223.11

222.70

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:

The study of the highest / lowest by the Central Records scanner shows the following result:

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of AUTODESK INC. in Daily shows an overall slightly bearish trend. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages could quickly lead to a reversal of the trend. An assessment of moving averages reveals several bullish signals that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily

The technical indicators are bullish. There is still some doubt about the price increase.
But beware of excesses. The Central Indicators scanner currently detects this:

MACD indicator: bullish divergence

Type : Bullish

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Daily

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	201.96	210.20	221.67	222.70	227.19	234.04	247.42
Change (%)	-9.31%	-5.61%	-0.46%	-	+2.02%	+5.09%	+11.10%
Change	-20.74	-12.50	-1.03	-	+4.49	+11.34	+24.72
Level	Minor	Major	Major	-	Minor	Intermediate	Minor

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	197.05	201.45	206.48	210.88	215.91	220.31	225.34
Camarilla	208.91	209.77	210.64	211.50	212.36	213.23	214.09
Woodie	197.36	201.61	206.79	211.04	216.22	220.47	225.65
Fibonacci	201.45	205.06	207.28	210.88	214.49	216.71	220.31

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	194.99	201.66	208.86	215.53	222.73	229.40	236.60
Camarilla	212.24	213.51	214.78	216.05	217.32	218.59	219.86
Woodie	195.25	201.79	209.12	215.66	222.99	229.53	236.86
Fibonacci	201.66	206.96	210.24	215.53	220.83	224.11	229.40

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	163.96	179.64	190.62	206.30	217.28	232.96	243.94
Camarilla	194.27	196.71	199.16	201.60	204.04	206.49	208.93
Woodie	161.61	178.47	188.27	205.13	214.93	231.79	241.59
Fibonacci	179.64	189.82	196.12	206.30	216.48	222.78	232.96

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	56.91
MACD (12,26,9):	-1.2100
Directional Movement:	6.82
AROON (14):	57.14
DEMA (21):	212.71
Parabolic SAR (0,02-0,02-0,2):	198.39
Elder Ray (13):	3.87
Super Trend (3,10):	199.12
Zig ZAG (10):	222.65
VORTEX (21):	0.8300
Stochastique (14,3,5):	81.23
TEMA (21):	215.86
Williams %R (14):	-1.58
Chande Momentum Oscillator (20):	7.92
Repulse (5,40,3):	4.7200
ROCnROLL:	-1
TRIX (15,9):	-0.1800
Courbe Coppock:	2.63

MA7:	216.09
MA20:	214.89
MA50:	220.17
MA100:	238.69
MAexp7:	216.03
MAexp20:	215.28
MAexp50:	221.81
MAexp100:	227.89
Price / MA7:	+3.06%
Price / MA20:	+3.63%
Price / MA50:	+1.15%
Price / MA100:	-6.70%
Price / MAexp7:	+3.09%
Price / MAexp20:	+3.45%
Price / MAexp50:	+0.40%
Price / MAexp100:	-2.28%

Quotes : - 15 min delayed data - NASDAQ Stocks

News

The latest news and videos published on AUTODESK INC. at the time of the analysis were as follows:

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

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