Autodesk: 6% bounce, stop already at breakeven
Autodesk stock climbs 2.7% and bounces 6% off its 20-day average
Our view last week
Autodesk stock closes the third week of its buy signal up 0.9%, and the confirmation week closes bullish. The stop has been moved to breakeven above entry, zeroing out the trade's risk. Above, the trigger is still in play: a break above the 7-day high, in the 261 area, would open room for a fresh leg higher. Beneath the surface, though, volume is contracting and buyer dominance is fading — the push loses steam right as the price holds up.
This week's summary
Autodesk stock bounces 6% off its daily 20-day moving average and closes the week up 2.7%: the fourth week of the buy signal confirms the uptrend holds. Beneath the surface, though, the ADX has been falling for eight weeks and volume stays light — a case worth watching closely. The trade sits at +11.3% from entry, with the stop now at breakeven.
IQS Phase
66
in tension
Signal Strength
66
medium
Sizing
STANDARD
Ranking
#57 / 175
US stocks in progress
Trade P&L %
+11.30%
from signal to date, no stop loss
Rank position
ranks 57th among the 175 Longs already running 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 +1.30% · monthly +11.48%
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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