AUTODESK INC. - Daily - Technical analysis published on 08/07/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 244.78 USD
My targets
227.19 USD (-2.93%)
221.40 USD (-5.40%)
My analysis
AUTODESK INC. is currently trying to strengthen its basic trend with a very bearish short term. As long as the price remains below 244.78 USD, traders may consider taking advantage of this bearish acceleration and setting themselves to trade only in short positions (for sale). Sellers will encounter the support at 227.19 USD. A bearish break in this support would confirm a continuation of the bearish acceleration. The next support located at 221.40 USD would then be the next bearish objective for sellers. Crossing it would then enable sellers to target 210.29 USD. Beware of a possible return to above the resistance located at 244.78 USD which would be a sign of a correction of the short-term bearish excesses registered.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
4.1
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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 234.05 USD. The price registered a decrease of -0.08% on the session with the lowest point at 232.37 USD and the highest point at 240.03 USD. The deviation from the price is +0.72% for the low point and -2.49% for the high point.232.37
240.03
234.05
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead 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.:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this AUTODESK INC. chart shows a slightly bearish trend. 60.71% of the signals given by moving averages are bearish. The overall trend could accelerate as a result of the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 10 technical indicators on 18 studied are currently bearish. No additional result has been identified by Central Indicators, the scanner specialised in 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 support
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
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 | 221.40 | 227.19 | 234.04 | 234.05 | 244.78 | 253.87 | 266.68 |
| Change (%) | -5.40% | -2.93% | +0.00% | - | +4.58% | +8.47% | +13.94% |
| Change | -12.65 | -6.86 | -0.01 | - | +10.73 | +19.82 | +32.63 |
| Level | Intermediate | Intermediate | Intermediate | - | Intermediate | 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 | 223.03 | 226.18 | 230.20 | 233.35 | 237.37 | 240.52 | 244.54 |
| Camarilla | 232.26 | 232.92 | 233.57 | 234.23 | 234.89 | 235.55 | 236.20 |
| Woodie | 223.48 | 226.40 | 230.65 | 233.57 | 237.82 | 240.74 | 244.99 |
| Fibonacci | 226.18 | 228.92 | 230.61 | 233.35 | 236.09 | 237.78 | 240.52 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 204.34 | 217.50 | 224.43 | 237.59 | 244.52 | 257.68 | 264.61 |
| Camarilla | 225.85 | 227.69 | 229.53 | 231.37 | 233.21 | 235.05 | 236.90 |
| Woodie | 201.24 | 215.94 | 221.33 | 236.03 | 241.42 | 256.12 | 261.51 |
| Fibonacci | 217.50 | 225.17 | 229.91 | 237.59 | 245.26 | 250.00 | 257.68 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 221.96 | 230.49 | 239.00 | 247.53 | 256.04 | 264.57 | 273.08 |
| Camarilla | 242.83 | 244.40 | 245.96 | 247.52 | 249.08 | 250.64 | 252.21 |
| Woodie | 221.96 | 230.49 | 239.00 | 247.53 | 256.04 | 264.57 | 273.08 |
| Fibonacci | 230.49 | 237.00 | 241.02 | 247.53 | 254.04 | 258.06 | 264.57 |
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): | 44.58 | |
| MACD (12,26,9): | -1.5800 | |
| Directional Movement: | -1.84 | |
| AROON (14): | -21.42 | |
| DEMA (21): | 238.96 | |
| Parabolic SAR (0,02-0,02-0,2): | 246.80 | |
| Elder Ray (13): | -2.26 | |
| Super Trend (3,10): | 245.39 | |
| Zig ZAG (10): | 234.61 | |
| VORTEX (21): | 0.8700 | |
| Stochastique (14,3,5): | 30.29 | |
| TEMA (21): | 234.33 | |
| Williams %R (14): | -58.53 | |
| Chande Momentum Oscillator (20): | -10.74 | |
| Repulse (5,40,3): | -2.1100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 9.71 |
| MA7: | 236.88 | |
| MA20: | 242.98 | |
| MA50: | 235.32 | |
| MA100: | 233.40 | |
| MAexp7: | 235.70 | |
| MAexp20: | 239.69 | |
| MAexp50: | 237.68 | |
| MAexp100: | 235.55 | |
| Price / MA7: | -1.19% | |
| Price / MA20: | -3.68% | |
| Price / MA50: | -0.54% | |
| Price / MA100: | +0.28% | |
| Price / MAexp7: | -0.70% | |
| Price / MAexp20: | -2.35% | |
| Price / MAexp50: | -1.53% | |
| Price / MAexp100: | -0.64% |
Quotes :
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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 named as Official Design and Make Platform of the LA28 Olympic and Paralympic Games with no-new-permanent-build plan
- Autodesk extends invitation to join financial results conference call
- ARKANCE Strengthens Support for Autodesk Water Infrastructure Clients Through Partnership with Covey Associates
- INVESTOR ACTION NOTICE: Moore Law PLLC Encourages Investors in Autodesk, Inc. to Contact Law Firm
- SHAREHOLDER ALERT: Pomerantz Law Firm Announces the Filing of a Class Action Against Autodesk, Inc. - ADSK
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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