Autodesk Stock Forecast
Autodesk stock price ended at $215.00 on Wednesday, after losing 1.34%.
(Updated on Apr 24, 2024)
The Autodesk stock price fell by -1.34% on the last day (Wednesday, 24th Apr 2024) from $217.93 to $215.00. During the last trading day the stock fluctuated 2.08% from a day low at $214.15 to a day high of $218.62. The price has fallen in 6 of the last 10 days and is down by -10.05% for this period. Volume has increased on the last day by 1 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 3 million shares were bought and sold for approximately $553.38 million.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $208.65 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -10.76% during the next 3 months and, with a 90% probability hold a price between $186.19 and $226.99 at the end of this 3-month period.
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ADSK Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 2.07%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Autodesk stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $217.19 and $245.75. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Autodesk stock
Autodesk finds support from accumulated volume at $214.92 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $4.47 between high and low, or 2.08%. For the last week, the stock has had daily average volatility of 2.54%.
Autodesk is oversold on RSI14 (23). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ADSK) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Autodesk to open at $215.92, and during the day (based on 14 day Average True Range), to move between $208.09 and $221.91, which gives a possible trading interval of +/-$6.91 (+/-3.21%) up or down from last closing price. If Autodesk takes out the full calculated possible swing range there will be an estimated 6.43% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $214.92 (0.04%) than the resistance at $216.50 (0.70%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Autodesk stock A Buy?
Autodesk holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -1.478 Sell Candidate Unchanged
Predicted Opening Price for Autodesk of Thursday, April 25, 2024
Fair opening price April 25, 2024 | Current price |
---|---|
$215.92 ( 0.429%) | $215.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ADSK
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 220.39 | 2.51 % | |
R2 | 218.68 | 1.71 % | ||
R1 | 217.63 | 1.22 % | ||
Current price: | 215.00 | |||
Support | S1 | 214.22 | -0.365 % | |
S2 | 213.16 | -0.85 % | ||
S3 | 211.46 | -1.65 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 264.74 | 23.13 % | |
R2 | 258.17 | 20.08 % | ||
R1 | 216.50 | 0.698 % | ||
Current price | 215.00 | |||
Support | S1 | 214.92 | -0.0372% | |
S2 | 210.63 | -2.03% | ||
S3 | 0 | . |
ADSK Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 10, 2005 | Mar 22, 2005 | Apr 08, 2005 | $0.0150 | 0.0446% |
2 | Dec 10, 2004 | Dec 22, 2004 | Jan 07, 2005 | $0.0150 | 0.0437% |
3 | Sep 10, 2004 | Sep 22, 2004 | Oct 08, 2004 | $0.0150 | 0.0624% |
4 | Jun 17, 2004 | Jun 30, 2004 | Jul 16, 2004 | $0.0150 | 0.0790% |
5 | Mar 18, 2004 | Mar 31, 2004 | Apr 16, 2004 | $0.0150 | 0.0884% |
FAQ
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