How the (ADSK) price action is used to our Advantage
July 08, 2024, 11:56 am ET, BY Bill T.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for ADSK
- Buy ADSK slightly over 242.5 target 267.23 stop loss @ 241.8 Details
The technical summary data tells us to buy ADSK near 242.5 with an upside target of 267.23. This data also tells us to set a stop loss @ 241.8 to protect against excessive loss in case the stock begins to move against the trade. 242.5 is the first level of support below 247.61 , and by rule, any test of support is a buy signal. In this case, support 242.5 is being tested, a buy signal would exist.
- Short ADSK slightly under 267.23, target 242.5, stop loss @ 268 Details
The technical summary data is suggesting a short of ADSK as it gets near 267.23 with a downside target of 242.5. We should have a stop loss in place at 268though. 267.23 is the first level of resistance above 247.61, and by rule, any test of resistance is a short signal. In this case, if resistance 267.23 is being tested, a short signal would exist.
Swing Trading Plans for ADSK
- Buy ADSK slightly over 249.56, target 267.23, Stop Loss @ 248.84 Details
If 249.56 begins to break higher, the technical summary data tells us to buy ADSK just slightly over 249.56, with an upside target of 267.23. The data also tells us to set a stop loss @ 248.84 in case the stock turns against the trade. 249.56 is the first level of resistance above 247.61, and by rule, any break above resistance is a buy signal. In this case, 249.56, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short ADSK slightly near 249.56, target 245.53, Stop Loss @ 250.28. Details
The technical summary data is suggesting a short of ADSK if it tests 249.56 with a downside target of 245.53. We should have a stop loss in place at 250.28 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 249.56, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for ADSK
- Buy ADSK slightly over 249.16, target 249.56, Stop Loss @ 248.58 Details
If 249.16 begins to break higher, the technical summary data tells us to buy ADSK just slightly over 249.16, with an upside target of 249.56. The data also tells us to set a stop loss @ 248.58 in case the stock turns against the trade. 249.16 is the first level of resistance above 247.61, and by rule, any break above resistance is a buy signal. In this case, 249.16, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short ADSK slightly near 249.16, target 246.83, Stop Loss @ 249.74. Details
The technical summary data is suggesting a short of ADSK if it tests 249.16 with a downside target of 246.83. We should have a stop loss in place at 249.74 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 249.16, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Autodesk Inc. (ADSK) available here: ADSK.
ADSK Ratings for July 08:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Strong |
Strong |
| P1 |
0 |
0 |
217.57 |
| P2 |
246.83 |
245.53 |
242.5 |
| P3 |
249.16 |
249.56 |
267.23 |
AI Generated Signals for ADSK
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Autodesk Inc. (NASDAQ: ADSK) data table below can help you with price action, and we have more details too. Trading plans for ADSK are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for ADSK:
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