When the Price of (ADSK) Talks, People Listen
August 08, 2024, 21:22 pm ET, BY William C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for ADSK
- Buy ADSK slightly over 218.97 target 244.4 stop loss @ 218.34 Details
The technical summary data tells us to buy ADSK near 218.97 with an upside target of 244.4. This data also tells us to set a stop loss @ 218.34 to protect against excessive loss in case the stock begins to move against the trade. 218.97 is the first level of support below 239.29 , and by rule, any test of support is a buy signal. In this case, support 218.97 would be being tested, so a buy signal would exist.
- Short ADSK slightly under 244.4, target 218.97, stop loss @ 245.11 Details
The technical summary data is suggesting a short of ADSK as it gets near 244.4 with a downside target of 218.97. We should have a stop loss in place at 245.11though. 244.4 is the first level of resistance above 239.29, and by rule, any test of resistance is a short signal. In this case, if resistance 244.4 is being tested, so a short signal would exist.
Swing Trading Plans for ADSK
- Buy ADSK slightly over 244.4, target 269.6, Stop Loss @ 243.69 Details
If 244.4 begins to break higher, the technical summary data tells us to buy ADSK just slightly over 244.4, with an upside target of 269.6. The data also tells us to set a stop loss @ 243.69 in case the stock turns against the trade. 244.4 is the first level of resistance above 239.29, and by rule, any break above resistance is a buy signal. In this case, 244.4, 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 244.4, target 238.57, Stop Loss @ 245.11. Details
The technical summary data is suggesting a short of ADSK if it tests 244.4 with a downside target of 238.57. We should have a stop loss in place at 245.11 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, 244.4, 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 241.49, target 244.4, Stop Loss @ 240.93 Details
If 241.49 begins to break higher, the technical summary data tells us to buy ADSK just slightly over 241.49, with an upside target of 244.4. The data also tells us to set a stop loss @ 240.93 in case the stock turns against the trade. 241.49 is the first level of resistance above 239.29, and by rule, any break above resistance is a buy signal. In this case, 241.49, 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 241.49, target 238.57, Stop Loss @ 242.05. Details
The technical summary data is suggesting a short of ADSK if it tests 241.49 with a downside target of 238.57. We should have a stop loss in place at 242.05 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, 241.49, 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 08:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Weak |
Strong |
| P1 |
0 |
0 |
218.97 |
| P2 |
234.46 |
227.01 |
244.4 |
| P3 |
241.49 |
238.57 |
269.6 |
AI Generated Signals for ADSK
Blue = Current Price
Red= Resistance
Green = Support
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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.
Fundamental Charts for ADSK:
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