Learn to Evaluate (ADSK) using the Charts

January 04, 2024, 19:46 pm ET, BY Quentin W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for ADSK

• Buy ADSK slightly over 218.4 target 234.55 stop loss @ 217.77 Details

The technical summary data tells us to buy ADSK near 218.4 with an upside target of 234.55. This data also tells us to set a stop loss @ 217.77 to protect against excessive loss in case the stock begins to move against the trade. 218.4 is the first level of support below 228.92 , and by rule, any test of support is a buy signal. In this case, support 218.4 is being tested, a buy signal would exist.

• Short ADSK slightly under 234.55, target 218.4, stop loss @ 235.23 Details

The technical summary data is suggesting a short of ADSK as it gets near 234.55 with a downside target of 218.4. We should have a stop loss in place at 235.23though. 234.55 is the first level of resistance above 228.92, and by rule, any test of resistance is a short signal. In this case, if resistance 234.55 is being tested, a short signal would exist.

Swing Trading Plans for ADSK

• Buy ADSK slightly over 228.97, target 234.55, Stop Loss @ 228.31 Details

If 228.97 begins to break higher, the technical summary data tells us to buy ADSK just slightly over 228.97, with an upside target of 234.55. The data also tells us to set a stop loss @ 228.31 in case the stock turns against the trade. 228.97 is the first level of resistance above 228.92, and by rule, any break above resistance is a buy signal. In this case, 228.97, 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 228.97, target 218.4, Stop Loss @ 229.63. Details

The technical summary data is suggesting a short of ADSK if it tests 228.97 with a downside target of 218.4. We should have a stop loss in place at 229.63 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, 228.97, 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 228.97, target 234.55, Stop Loss @ 228.44 Details

If 228.97 begins to break higher, the technical summary data tells us to buy ADSK just slightly over 228.97, with an upside target of 234.55. The data also tells us to set a stop loss @ 228.44 in case the stock turns against the trade. 228.97 is the first level of resistance above 228.92, and by rule, any break above resistance is a buy signal. In this case, 228.97, 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 228.97, target 226.87, Stop Loss @ 229.5. Details

The technical summary data is suggesting a short of ADSK if it tests 228.97 with a downside target of 226.87. We should have a stop loss in place at 229.5 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, 228.97, 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 January 04:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Neutral
P1	0	0	202.68
P2	221.5	228.97	218.4
P3	226.87	240.12	234.55

AI Generated Signals for ADSK

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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet.  However, if we pay close attention we can see what is going on, and make good decisions.. The  Autodesk Inc. (NASDAQ: ADSK) report below can help you understand how to do this. The trading plans for ADSK, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.