Autodesk: the rebound loses steam
Autodesk climbs 0.5% as the rebound cools, the decline still in control
Autodesk: the rebound loses steam
Our view last week
Autodesk closes the week up 5.7%, its sharpest rebound in several weeks, pushing price back within reach of the Inversion Point. The sell signal's strength drops to 2 out of 100: the decline has run out of room. The setup quality indicator, at 68 out of 100, stays in tension, and Autodesk ranks 68th among the 137 US sell signals.
This week's summary
Autodesk's rebound is losing steam: after last week's 5.7% surge, the stock climbed just 0.5% this week, with buyers slipping to 58% of volume from 86% last week. The Sell signal has been under management for 14 weeks, with the short still up 4.6%. Our weekly technical analysis tracks the trade step by step, while the underlying structure stays weak.
IQS Phase
72
in tension
Signal Strength
2
decline fading out
Sizing
MINIMUM
Ranking
#97 / 137
US stocks
Trade P&L %
+4.58%
from signal to today
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