Autodesk drops 3.9%, sell signal still in management
Autodesk drops 3.9% as MACD crosses bullish, the sell signal holds
Autodesk drops 3.9%, sell signal still in management
Our view last week
After last week's stall, Autodesk's bounce found its legs again: up 4.7% this week, with 83% of volume on the buy side. The stock is now on its fourth straight higher low in the daily chart, running from the 186 area to the 202 area. But underneath, buyers are starting to lose conviction bar by bar: the sell signal, under management for 15 weeks, is still very much alive, with the short up 5%.
This week's summary
After last week's rally, Autodesk shares gave back 3.9% this week as sellers took the wheel again, with 55% of volume on the sell side. The weekly MACD still crossed bullish, even as money flow stayed weak: a mixed picture for a sell signal that has been running for 15 weeks, with the short more than 3% in the money.
IQS Phase
50
ordinary
Signal Strength
16
decline fading out
Sizing
MINIMUM
Ranking
#114 / 141
US stocks
Trade P&L %
+3.98%
from signal to today
Rank position
ranks 114th among the 141 sell signals for US stocks in our ranking, with a signal strength of 16 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimeweak phase
Performanceweekly +0.17% · monthly -3.92%
ADSK belongs to the growth tech sector (reference ETF XLK). The sector is classified weak phase according to our weekly reading.
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