Technical Analysis

Longer Term Trading Plans for ADSK

• NONE. Details

There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.

• Short ADSK slightly under 192.9, target n/a, stop loss @ 193.46 Details

The technical summary data is suggesting a short of ADSK as it gets near 192.9, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 193.46. 192.9 is the first level of resistance above 189.59, and by rule, any test of resistance is a short signal. In this case, if resistance 192.9 is being tested, so a short signal would exist.

Swing Trading Plans for ADSK

• Buy ADSK slightly over 190.66, target 192.9, Stop Loss @ 190.11 Details

If 190.66 begins to break higher, the technical summary data tells us to buy ADSK just over 190.66, with an upside target of 192.9. The data also tells us to set a stop loss @ 190.11 in case the stock turns against the trade. 190.66 is the first level of resistance above 189.59, and by rule, any break above resistance is a buy signal. In this case, 190.66, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short ADSK slightly near 190.66, target 179.91, Stop Loss @ 191.21. Details

The technical summary data is suggesting a short of ADSK if it tests 190.66 with a downside target of 179.91. We should have a stop loss in place at 191.21 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 190.66, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for ADSK

• Buy ADSK slightly over 190.66, target 192.15, Stop Loss @ 190.22 Details

If 190.66 begins to break higher, the technical summary data tells us to buy ADSK just over 190.66, with an upside target of 192.15. The data also tells us to set a stop loss @ 190.22 in case the stock turns against the trade. 190.66 is the first level of resistance above 189.59, and by rule, any break above resistance is a buy signal. In this case, 190.66, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short ADSK slightly near 190.66, target 185.93, Stop Loss @ 191.1. Details

The technical summary data is suggesting a short of ADSK if it tests 190.66 with a downside target of 185.93. We should have a stop loss in place at 191.1 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 190.66, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

ADSK Technical Summary | Raw Data for the Trading Plans