(ADSK) Pivots Trading Plans and Risk Controls

July 18, 2024, 14:24 pm ET, BY THOMAS KEE- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for ADSK

• Buy ADSK slightly over 219.89 target 244.8 stop loss @ 219.25 Details

The technical summary data tells us to buy ADSK near 219.89 with an upside target of 244.8. This data also tells us to set a stop loss @ 219.25 to protect against excessive loss in case the stock begins to move against the trade. 219.89 is the first level of support below 242.89 , and by rule, any test of support is a buy signal. In this case, support 219.89 would be being tested, so a buy signal would exist.

• Short ADSK slightly under 244.8, target 219.89, stop loss @ 245.51 Details

The technical summary data is suggesting a short of ADSK as it gets near 244.8 with a downside target of 219.89. We should have a stop loss in place at 245.51though. 244.8 is the first level of resistance above 242.89, and by rule, any test of resistance is a short signal. In this case, if resistance 244.8 is being tested, so a short signal would exist.

Swing Trading Plans for ADSK

• Buy ADSK slightly over 244.8, target 250.15, Stop Loss @ 244.09 Details

If 244.8 begins to break higher, the technical summary data tells us to buy ADSK just slightly over 244.8, with an upside target of 250.15. The data also tells us to set a stop loss @ 244.09 in case the stock turns against the trade. 244.8 is the first level of resistance above 242.89, and by rule, any break above resistance is a buy signal. In this case, 244.8, 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 244.8, target 219.89, Stop Loss @ 245.51. Details

The technical summary data is suggesting a short of ADSK if it tests 244.8 with a downside target of 219.89. We should have a stop loss in place at 245.51 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, 244.8, 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 244.8, target 250.15, Stop Loss @ 244.23 Details

If 244.8 begins to break higher, the technical summary data tells us to buy ADSK just slightly over 244.8, with an upside target of 250.15. The data also tells us to set a stop loss @ 244.23 in case the stock turns against the trade. 244.8 is the first level of resistance above 242.89, and by rule, any break above resistance is a buy signal. In this case, 244.8, 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 244.8, target 219.89, Stop Loss @ 245.37. Details

The technical summary data is suggesting a short of ADSK if it tests 244.8 with a downside target of 219.89. We should have a stop loss in place at 245.37 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, 244.8, 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 18:

Term →	Near	Mid	Long
Rating	Strong	Strong	Strong
P1	0	0	219.89
P2	251.29	250.15	244.8
P3	255.59	256.46	269.47

AI Generated Signals for ADSK

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This Autodesk Inc. (NASDAQ: ADSK) report was produced by Stock Traders Daily.  Over the past 20 years our metholdology has been refined to help identify strategies for both individual stocks and the stock markets, with prudent 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.