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Weaker Hold
Today ADSK ranks #10657 as sell candidate. Get a Free Stock at Robinhood
Stronger Stock

$276.29 (-0.15%)

Volume: 2M

Closed: Dec 08, 2021

Hollow Logo Score: -2.571

Autodesk Stock Forecast

$276.29 (-0.15%)

Volume: 2M

Closed: Dec 08, 2021

Score Hollow Logo -2.571
Which way will ADSK go? Request
Key Stats
P/E Ratio 46.14
Beta 1.57
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 28 and the stock is currently not being overbought or oversold

Autodesk stock downgraded to Sell Candidate
(Updated on Dec 08, 2021)


Sell candidate since 2021-12-08

The Autodesk stock price fell by -0.15% on the last day (Wednesday, 8th Dec 2021) from $276.70 to $276.29. During the day the stock fluctuated 1.89% from a day low at $273.48 to a day high of $278.64. The price has been going up and down for this period, and there has been a -9.12% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -886 thousand shares and in total, 2 million shares were bought and sold for approximately $503.42 million.

The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 2.01% during the next 3 months and, with a 90% probability hold a price between $255.23 and $341.95 at the end of this 3-month period.

Signals & Forecast

There are mixed signals in the stock today. The Autodesk stock holds a buy signal from the short-term moving average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term moving average at $301.63. On a fall, the stock will find some support from the short-term average at $262.73. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Tuesday, December 07, 2021, and so far it has fallen -0.15%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss

On the downside, the stock finds support just below today's level from accumulated volume at $261.15 and $256.90. There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Autodesk finds support just below today's level at $261.15. If this is broken, then the next support from accumulated volume will be at $256.90 and $254.19.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $5.16 between high and low, or 1.89%. For the last week, the stock has had a daily average volatility of 3.74%.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is Autodesk stock A Buy?

Autodesk holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -2.571

Predicted Opening Price for Autodesk of Thursday, December 9, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price December 9, 2021 Current price
$276.14 $276.29 (Overvalued)
Sell Candidate Downgraded

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Analyst Ratings

On Nov 29, 2021 "Deutsche Bank Aktiengesellschaft" gave "$370.00 - $330.00" rating for ADSK. The price target was set to $255.74+0.6%.

Volatility and Risk
Daily Average Volatility: 3.74 %
Overall Risk: Very High High Medium Low Very Low
Volatility
3.74 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $276.70
Price: $276.29
Support: $261.15

ADSK Insider Trading Show all Trades

INSIDER POWER

0.804

Last 100 transactions
Buy: 157 744 | Sell: 196 127 (Shares)
Date Action Amount Person Type
Dec 03, 2021 Sell 4 724 Anagnost Andrew Common Stock
Nov 24, 2021 Sell 109 Hope Stephen W. Common Stock
Oct 01, 2021 Sell 86 Hope Stephen W. Common Stock
Sep 08, 2021 Sell 5 481 Clifford Deborah Common Stock
Sep 08, 2021 Sell 6 299 Clifford Deborah Common Stock
Show all Insider Trades
INSIDER POWER

0.804

Last 100 transactions
Buy: 157 744 | Sell: 196 127 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 281.30 1.81 %
279.33 1.10 %
278.11 0.66 %
Current price: 276.29
Support 274.16 -0.77 %
272.94 -1.21 %
270.97 -1.93 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 304.00 10.03 %
288.15 4.29 %
276.70 0.15 %
Current price 276.29
Support 261.15 -5.48%
256.90 -7.02%
254.19 -8.00%

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About Autodesk

Autodesk Autodesk, Inc. operates as a design software and services company worldwide. The company’s Architecture, Engineering and Construction segment offers Autodesk Building Design Suites to manage various phases of design and construction; Autodesk Revit products that offer model-based design and documentation systems; Autodesk Infrastructure Design Suites; AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution; and AutoCAD Map 3D... Read more

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