How To Trade (ADSK)

August 21, 2024, 03:38 am ET, BY Simon M.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for ADSK

• Buy ADSK slightly over 245.15 target 270.09 stop loss @ 244.44 Details

The technical summary data tells us to buy ADSK near 245.15 with an upside target of 270.09. This data also tells us to set a stop loss @ 244.44 to protect against excessive loss in case the stock begins to move against the trade. 245.15 is the first level of support below 250.13 , and by rule, any test of support is a buy signal. In this case, support 245.15 is being tested, a buy signal would exist.

• Short ADSK slightly under 270.09, target 245.15, stop loss @ 270.87 Details

The technical summary data is suggesting a short of ADSK as it gets near 270.09 with a downside target of 245.15. We should have a stop loss in place at 270.87though. 270.09 is the first level of resistance above 250.13, and by rule, any test of resistance is a short signal. In this case, if resistance 270.09 is being tested, a short signal would exist.

Swing Trading Plans for ADSK

• Buy ADSK slightly over 251.1, target 256.31, Stop Loss @ 250.37 Details

If 251.1 begins to break higher, the technical summary data tells us to buy ADSK just slightly over 251.1, with an upside target of 256.31. The data also tells us to set a stop loss @ 250.37 in case the stock turns against the trade. 251.1 is the first level of resistance above 250.13, and by rule, any break above resistance is a buy signal. In this case, 251.1, 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 251.1, target 245.15, Stop Loss @ 251.83. Details

The technical summary data is suggesting a short of ADSK if it tests 251.1 with a downside target of 245.15. We should have a stop loss in place at 251.83 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, 251.1, 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 251.1, target 252.81, Stop Loss @ 250.51 Details

If 251.1 begins to break higher, the technical summary data tells us to buy ADSK just slightly over 251.1, with an upside target of 252.81. The data also tells us to set a stop loss @ 250.51 in case the stock turns against the trade. 251.1 is the first level of resistance above 250.13, and by rule, any break above resistance is a buy signal. In this case, 251.1, 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 251.1, target 249.99, Stop Loss @ 251.69. Details

The technical summary data is suggesting a short of ADSK if it tests 251.1 with a downside target of 249.99. We should have a stop loss in place at 251.69 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, 251.1, 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 August 21:

Term →	Near	Mid	Long
Rating	Strong	Strong	Neutral
P1	0	0	220
P2	249.99	251.1	245.15
P3	252.81	256.31	270.09

AI Generated Signals for ADSK

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This report provides trading strategies for Autodesk Inc. (NASDAQ: ADSK) while incorporating risk controls.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for ADSK change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if ADSK is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for ADSK too.  All of these are offered below the Summary Table.