When the Price of Autodesk $ADSK Talks, People Listen
June 30, 2023, 03:45 am ET, BY Mitchell H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for ADSK
- Buy ADSK slightly over 202.18 target 221.04 stop loss @ 201.6 Details
The technical summary data tells us to buy ADSK near 202.18 with an upside target of 221.04. This data also tells us to set a stop loss @ 201.6 to protect against excessive loss in case the stock begins to move against the trade. 202.18 is the first level of support below 206.18 , and by rule, any test of support is a buy signal. In this case, support 202.18 is being tested, a buy signal would exist.
- Short ADSK slightly under 221.04, target 202.18, stop loss @ 221.68 Details
The technical summary data is suggesting a short of ADSK as it gets near 221.04 with a downside target of 202.18. We should have a stop loss in place at 221.68though. 221.04 is the first level of resistance above 206.18, and by rule, any test of resistance is a short signal. In this case, if resistance 221.04 is being tested, a short signal would exist.
Swing Trading Plans for ADSK
- Buy ADSK slightly over 207.31, target 221.04, Stop Loss @ 206.71 Details
If 207.31 begins to break higher, the technical summary data tells us to buy ADSK just slightly over 207.31, with an upside target of 221.04. The data also tells us to set a stop loss @ 206.71 in case the stock turns against the trade. 207.31 is the first level of resistance above 206.18, and by rule, any break above resistance is a buy signal. In this case, 207.31, 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 207.31, target 202.18, Stop Loss @ 207.91. Details
The technical summary data is suggesting a short of ADSK if it tests 207.31 with a downside target of 202.18. We should have a stop loss in place at 207.91 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, 207.31, 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 207.31, target 208.58, Stop Loss @ 206.83 Details
If 207.31 begins to break higher, the technical summary data tells us to buy ADSK just slightly over 207.31, with an upside target of 208.58. The data also tells us to set a stop loss @ 206.83 in case the stock turns against the trade. 207.31 is the first level of resistance above 206.18, and by rule, any break above resistance is a buy signal. In this case, 207.31, 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 207.31, target 204.85, Stop Loss @ 207.79. Details
The technical summary data is suggesting a short of ADSK if it tests 207.31 with a downside target of 204.85. We should have a stop loss in place at 207.79 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, 207.31, 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 (ADSK) available here: ADSK.
ADSK Ratings for June 30:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Neutral |
| P1 |
0 |
0 |
185.78 |
| P2 |
204.85 |
199.00 |
202.18 |
| P3 |
208.58 |
207.31 |
221.04 |
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 (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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