Autodesk Technical Analysis (NASDAQ:ADSK)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. The Autodesk stock price data and volume are plotted in ADSK stock charts and these trading charts form the basis of technical analysis.
See Autodesk bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Autodesk stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Autodesk Moving Average
Moving averages help predict the price direction of ADSK stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $135.9 is below the price of $140.94.
Autodesk Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Autodesk. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. The stock price is trading between the average and the upper band in the context of Autodesk bollinger bands.
Autodesk Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Autodesk MACD line is above the signal line.
Autodesk Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . The relative strength index of ADSK stock is 77.18.