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AUTODESK INCAUTODESK INCAUTODESK INC

AUTODESK INC

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$ADSK long-term (multi-year) top? (3/5)Conviction: 3/5 could go up some more in near term, but looks quite risky long-term (5+ years) General Thesis weekly RSI showing bearish divergence recently had multiple touches on long-term channel resistance (1991) Growth Gross margins (90%) at historical highs Revenue growth (18%) also high relative to own history, maybe 80th percnetile Value P/FCF about average in the last 12 months P/S at historical highs (about 80th percentile) Fundamentals & Balance Sheet low debt to asset (<1) quick ratio mild (.8) Potential Risks could continue to hug upper resistance short term bounce is possible, last time price touched trend line it took 4 years to touch bottom trend line Historically no bullish divergence before bounce
NASDAQ:ADSKShort
by asdf098
ADSK Dip Looks DoneADSK has a long history of consistent uptrend. After positive earnings, it gapped down, found support in the long term trend as well as recent channel support. Blue dotted line support is a +1.236 Fib level within a Modified Pitchfork influenced by reference points in October 1999 (Low), December 2007 (High), and March 2009 (Low) MACD has made a sharp bend back up toward the signal line, well-suited for a potential crossover further reinforced by RSI crossing over EMA12.
NASDAQ:ADSKLong
by EffyewMoney
1
Pull Back FishingI am re-posting this because I really screwed it up earlier by not erasing stuff from older posts. Patterns change and nothing goes up forever, except gas, cars, houses and groceries (o: Looks like a Bull Shark but market has been in a funk so I am in an overly cautious mode I think )o: Today was a decent day but I am not sure if it was just a relief day or not. Tomorrow is another day. ADSK did seem to bounce off the .886 fib level just like good sharks do. Bad sharks can kill you though so behooves one to watch for a consolidation zone. So far there are 3 candles at this level, the .886. Peak 2 is higher than peak 1 so clues one in that it may be a Cypher or a Shark. If one wanted to trade this, a stop below the most recent low may work. I do feel now is a time to watch your trades though. Sometimes cutting down on position size or the amount of trades can be lucrative to your wallet. No recommendation. A lot of red looks very bearish, and it is, but enough of it can also flush out most of the sellers, and often buyers come in to the picture. I do own this stock/Just FYI
NASDAQ:ADSK
by lauralea
Pull Back FishingADSK looks to have formed a bullish harmonic pattern, a crooked M. I would guess this is a Cypher or a Shark as peak 2 is above peak1. The cypher pulls to .786 of the AC leg and is labeled XABCD with D being the PRX, point of reversal, or the completion zone. The theory being that once price makes it to D, a bullish trend should resume. The shark is labeled 0XABC and C is the reversal zone. Peak 1 is lower than peak 2, but C should be found in a bull shark at the .886 of OX, the first leg. This differs from the Cypher, as D, point of completion, is found at the .786 of XC and not XA. So in a cypher, you are looking for the .78 point of the entire structure and not just the first leg up in a bullish case. There are also bearish harmonic patterns and animals (o: Several bottoms noted at current support level which can mean the bulls made a stand here. No recommendation
NASDAQ:ADSK
by lauralea
Secondary bounce or back to Primary?Primary channel/ Uptrend- Red lines Secondary / Super uptrend - yellow line Next week will be telling. if the market does head for a correction this could take a trip back into its Primary channel which even though its in a uptrend it would mean a 30% hair cut. Back in march when the nasdaq corrected Adsk actually fell and bounced off its Primary. Analysts gave this an average of 340 price target , the same peole who gave tesla 1000 price target😂 Lets see what happens
NASDAQ:ADSK
by ContraryTrader
ADSK, TIME TO BUY!Hello fellow traders and investors, ADSK has recently sold off approaching their earnings report which they beat. It offers a 20% ROI to it's previous high. Entry: Now Take Profit: ~345$ Stop Loss: ~281.50$ Technicals: -RSI=Oversold -Still trading under the 12SMA -Testing a support area Fundamentals: -Description: Autodesk, Inc. engages in the design of software and services. Its products include AutoCAD, BIM 360, Civil 3D, Fusion 360, InfraWorks, Inventor, Maya, PlanGrid, Revit, Shotgun, 3ds Max. The firm also offers product development and manufacturing software, which provides manufacturers in automotive, transportation, industrial machinery, consumer products, and building product industries with comprehensive digital design, engineering, and production solutions; architecture, engineering, and construction software improves the way buildings, factories, and infrastructure are designed, built, and used; and digital media and entertainment, which consists of tools for digital sculpting, modeling, animation, effects, rendering, and compositing for design visualization, visual effects, and games production. - Market Cap: 62B - Sales Last 12 Months: 3.89B - P/E: 49 - P/S: 15.96 - Debt/Equity: 0 - Sales growth Q/Q: 12% - EPS growth Q/Q: 133% - Profit Margin: 31% - Short Float: 1% If you enjoyed the analysis make sure to like and follow for more! Thanks!
NASDAQ:ADSKLong
by UnknownUnicorn11084119
2