Technical Analysis: Priceline, Autodesk, Advent Software And LinkedIn

Priceline Stock Technical Analysis

Priceline (NASDAQ:PCLN) stock price has been declining since the start of the year. However, MACD indicates that there is possibility of trend reversal. The divergence of -10.3 signals possible reversal of the trend. Bollinger bands also point towards upward movement in Priceline stock price. Priceline’s stock price has hit the lower of the Bollinger bands, indicating that the stock price might move up. The RSI indicator further confirms the signal from Bollinger bands. RSI of 14.05 indicates that the stock has been oversold. All the above indicators points towards a change in trend for Priceline stock.
PCLN Technical chart
Priceline Technical Chart by Amigobulls

Autodesk Stock Technical Analysis

After breaching the 100 day moving average a couple of trades back, Autodesk (NASDAQ:ADSK) stock price is again testing the 100 day moving average. The stock had marginally breached the 100 day support line on January 15th before rising on January 16th to touch the 100 day moving average line. The RSI of 27.7 tells that the stock is oversold and is likely to move up. The MACD also indiates towards this possibility. The MACD divergence is high at -0.34, indicating that price is likely to rise from its low.
ADSK Technical chart
Autodesk Technical by Amigobulls

LinkedIn Stock Technical Analysis

LinkedIn (NYSE:LNKD) stock price has marginally breached the 100 day moving average support line. However, the breach is likely to be temporary with the stock bouncing back to above 100 day moving average range in next two or three trades. The RSI also indicates that the stock is oversold. The MACD divergence is also wide at -1.93, indicating that price might reverse.
LNKD Technical chart
LinkedIn Technical Chart by Amigobulls

Advent Software Stock Technical Analysis

Advent Software (NASDAQ:ADVS) stock price has jumped 26% in last fortnight. The Stock has breached the 100 day moving average, and is currently trading in oversold territory. Advent stock price has gone beyond the upper band of the Bollinger bands, indicating that price might erase some of its gains. RSI indicator also confirms the signal emanating from Bollinger bands. The RSI of 76.04 indicates that the stock is in overbought territory. MACD divergence has also widened to 0.74, highest in last six months, indicating that trend reversal is round the corner.
ADVS Technical chart
Advent Software Technical Chart by Amigobulls

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Neither Amigobulls, nor any members of its staff hold positions in any of the stocks discussed in this post. The author may not be a certified/registered investment advisor, and the opinions expressed should not be treated as investment advice. Buying and selling of securities carries the risk of monetary losses. Readers/Viewers are advised to carry out their own due diligence and consult their investment advisors before making any investment decisions. Neither Amigobulls, nor the author have any business relationship with any of the companies covered in this post.

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