Autodesk $ADSK is at a Midpoint
Autodesk (NASDAQ: ADSK) is at a Midpoint based on the technical summary data in the chart below. Update this periodically because this data changes as prices move.
Review the Trading Plans:
Long Term Trading Plans for ADSK
July 12, 2018, 1:38 pm ET
The technical Summary and associated Trading Plans for ADSK listed below will help you make important timing decisions for your trades. This data is based on our proprietary analysis for ADSK. In addition we offer Market Timing Models and Stock Filters in the links above which may increase the proficiency of the decisions you make.
ADSK - (Long) Support Plan
Buy over 117.74 target 135.93 stop loss @ 117.48.
The technical summary data tells us to buy ADSK near 117.74 with an upside target of 135.93. This data also tells us to set a stop loss @ 117.48 to protect against excessive loss in case the stock begins to move against the trade. 117.74 is the first level of support below 135.82 , and by rule, any test of support is a buy signal. In this case, support 117.74 would be being tested, so a buy signal would exist.
ADSK - (Short) Resistance Plan
Short under 135.93 target 117.74 stop loss @ 136.19.
The technical summary data is suggesting a short of ADSK as it gets near 135.93 with a downside target of 117.74. We should have a stop loss in place at 136.19 though. 135.93 is the first level of resistance above 135.82, and by rule, any test of resistance is a short signal. In this case, if resistance 135.93 is being tested, so a short signal would exist.