Question 1

What implications does the 10-day RSI indicator have for ADSK?

Accepted Answer

The RSI Indicator for ADSK moved out of oversold territory on August 06, 2024. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 26 similar instances when the indicator left oversold territory. In 18 of the 26 cases the stock moved higher. This puts the odds of a move higher at 0%.

Question 2

What does the Stochastic Oscillator suggest about ADSK's trend?

Accepted Answer

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 3 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Question 3

How did ADSK's Momentum indicator behave recently?

Accepted Answer

The Momentum Indicator moved above the 0 level on August 15, 2024. You may want to consider a long position or call options on ADSK as a result. In 71 of 90 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 0%.

Question 4

What does MACD indicator imply for ADSK?

Accepted Answer

The Moving Average Convergence Divergence (MACD) for ADSK just turned positive on August 14, 2024. Looking at past instances where ADSK's MACD turned positive, the stock continued to rise in 38 of 50 cases over the following month. The odds of a continued upward trend are 0%.

Question 5

What is the significance of the 50-day moving average indicator for ADSK?

Accepted Answer

ADSK moved above its 50-day moving average on August 08, 2024 date and that indicates a change from a downward trend to an upward trend.

Question 6

What is the significance of the 10-day moving average indicator for ADSK?

Accepted Answer

The 10-day moving average for ADSK crossed bullishly above the 50-day moving average on August 19, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In 12 of 17 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 0%.

Question 7

What does a 3-day price advance indicate for ADSK?

Accepted Answer

Following a +2.29% 3-day Advance, the price is estimated to grow further. Considering data from situations where ADSK advanced for three days, in 246 of 341 cases, the price rose further within the following month. The odds of a continued upward trend are 0%.

Question 8

What does a 3-day decline signify for ADSK's future price movement?

Accepted Answer

Following a 3-day decline, the stock is projected to fall further. Considering past instances where ADSK declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 0%.

Question 9

What does ADSK breaking above its upper Bollinger Band indicate?

Accepted Answer

ADSK may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Question 10

How does the Aroon Indicator reflect on ADSK's trend?

Accepted Answer

The Aroon Indicator for ADSK entered a downward trend on August 14, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

ADSK Stock Autodesk (ADSK, $216.05) entered Uptrend as Momentum indicator ascends above 0 level on Jun 07, 2024

ADSK's RSI Indicator ascends from oversold territory

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