Fresh buy signal on Autodesk, strength 66/100
Autodesk stock jumps 11.7% this week as a new buy signal kicks in
Fresh buy signal on Autodesk, strength 66/100
Our view last week
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.
This week's summary
Autodesk stock jumps 11.7% this week, with three rising daily lows pushing price from the 198 to 202 area. A new buy signal has just kicked in - 10th among the 16 fresh US Long stocks, signal strength 66 out of 100 - while buyers dominate daily trading with 87.7% of volume. One flag in this week's technical analysis: buyer dominance is starting to fade.
IQS Phase
64
ordinary
Signal Strength
66
medium
Sizing
STANDARD
Ranking
#10 / 16
New us stocks
Trade P&L %
+0.00%
from signal to date, no stop loss
Rank position
ranks 10th among the 16 fresh Longs for US stocks in our ranking, with a signal strength of 66 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimeweak phase
Performanceweekly -0.30% · monthly -5.53%
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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