When the Price of (ADSK) Talks, People Listen

July 28, 2024, 14:20 pm ET, BY Jeff W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for ADSK

• Buy ADSK slightly over 220.09 target 245.06 stop loss @ 219.45 Details

The technical summary data tells us to buy ADSK near 220.09 with an upside target of 245.06. This data also tells us to set a stop loss @ 219.45 to protect against excessive loss in case the stock begins to move against the trade. 220.09 is the first level of support below 240.86 , and by rule, any test of support is a buy signal. In this case, support 220.09 would be being tested, so a buy signal would exist.

• Short ADSK slightly under 245.06, target 220.09, stop loss @ 245.77 Details

The technical summary data is suggesting a short of ADSK as it gets near 245.06 with a downside target of 220.09. We should have a stop loss in place at 245.77though. 245.06 is the first level of resistance above 240.86, and by rule, any test of resistance is a short signal. In this case, if resistance 245.06 is being tested, so a short signal would exist.

Swing Trading Plans for ADSK

• Buy ADSK slightly over 244.07, target 245.06, Stop Loss @ 243.37 Details

If 244.07 begins to break higher, the technical summary data tells us to buy ADSK just slightly over 244.07, with an upside target of 245.06. The data also tells us to set a stop loss @ 243.37 in case the stock turns against the trade. 244.07 is the first level of resistance above 240.86, and by rule, any break above resistance is a buy signal. In this case, 244.07, 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 244.07, target 236.66, Stop Loss @ 244.77. Details

The technical summary data is suggesting a short of ADSK if it tests 244.07 with a downside target of 236.66. We should have a stop loss in place at 244.77 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, 244.07, 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 243.56, target 244.07, Stop Loss @ 242.99 Details

If 243.56 begins to break higher, the technical summary data tells us to buy ADSK just slightly over 243.56, with an upside target of 244.07. The data also tells us to set a stop loss @ 242.99 in case the stock turns against the trade. 243.56 is the first level of resistance above 240.86, and by rule, any break above resistance is a buy signal. In this case, 243.56, 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 243.56, target 239.79, Stop Loss @ 244.13. Details

The technical summary data is suggesting a short of ADSK if it tests 243.56 with a downside target of 239.79. We should have a stop loss in place at 244.13 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, 243.56, 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.

Check the time stamp on this data. Updated AI-Generated Signals for Autodesk Inc. (ADSK) available here: ADSK.

ADSK Ratings for July 28:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Strong
P1	0	0	220.09
P2	239.79	236.66	245.06
P3	243.56	244.07	269.87

AI Generated Signals for ADSK

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This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Autodesk Inc. (NASDAQ: ADSK) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for ADSK can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.