How the price action of Autodesk (ADSK) is used to our Advantage

Source: Stock Traders Daily

Longer Term Trading Plans for ADSK
  • Buy ADSK over 179.43 target 214.75 stop loss @ 178.91 Details
  • The technical summary data tells us to buy ADSK near 179.43 with an upside target of 214.75. This data also tells us to set a stop loss @ 178.91 to protect against excessive loss in case the stock begins to move against the trade. 179.43 is the first level of support below 187.08 , and by rule, any test of support is a buy signal. In this case, support 179.43 would be being tested, so a buy signal would exist.

  • Short ADSK under 214.75, target 179.43, stop loss @ 215.37 Details
  • The technical summary data is suggesting a short of ADSK as it gets near 214.75 with a downside target of 179.43. We should have a stop loss in place at 215.37though. 214.75 is the first level of resistance above 187.08, and by rule, any test of resistance is a short signal. In this case, if resistance 214.75 is being tested, so a short signal would exist.

Swing Trading Plans for ADSK
  • Buy ADSK over 194.11, target 214.53, Stop Loss @ 193.55 Details
  • If 194.11 begins to break higher, the technical summary data tells us to buy ADSK just over 194.11, with an upside target of 214.53. The data also tells us to set a stop loss @ 193.55 in case the stock turns against the trade. 194.11 is the first level of resistance above 187.08, and by rule, any break above resistance is a buy signal. In this case, 194.11, 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 near 194.11, target 179.43, Stop Loss @ 194.67. Details
  • The technical summary data is suggesting a short of ADSK if it tests 194.11 with a downside target of 179.43. We should have a stop loss in place at 194.67 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, 194.11, 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 over 194.11, target 194.44, Stop Loss @ 193.66 Details
  • If 194.11 begins to break higher, the technical summary data tells us to buy ADSK just over 194.11, with an upside target of 194.44. The data also tells us to set a stop loss @ 193.66 in case the stock turns against the trade. 194.11 is the first level of resistance above 187.08, and by rule, any break above resistance is a buy signal. In this case, 194.11, 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 near 194.11, target 186.08, Stop Loss @ 194.56. Details
  • The technical summary data is suggesting a short of ADSK if it tests 194.11 with a downside target of 186.08. We should have a stop loss in place at 194.56 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, 194.11, 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.

ADSK Ratings for June 13:

Term →Near Mid Long
Rating Weak Neutral Weak
P1 0 0 179.43
P2 186.08 194.11 214.75
P3 194.44 214.53 251.97

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ADSK Long Term Analysis for June 13 2022


ADSK Swing Trading Analysis for June 13 2022


ADSK Day Trading Analysis for June 13 2022

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