ADSK trade ideas
Autodesk Inc Reversal potential $adsk
Potential upside reversal
Oversold reversal on Stochastic and rsi
Perfect bounce of breakout | Support Level
$230 Fibonacci expansion | extension target
AUTODESK: ANOTHER EARNINGS DISAPPOINTMENT MIGHT BREAK THE TRENDAutodesk is a software company. It's stock rose 50% since last October. The market cap is currently 46B USD. Last year's revenue was only 2.578B USD, while the net income was a negative 80.8M USD. We were following this stock for a while and consider it overvalued. The time to go short might have arrived now. In the chart the earnings are indicated. Everytime Autodesk disappointed with the earnings and the stock dropped but recovered quite quickly.
Last earnings report on 26 Nov 2019 was 0.30 USD instead of the estimated 0.72 USD. The estimate for 27 Feb 2020 is 0.89 USD. Chances are high that Autodesk will miss the earnings estimate again. What might be different this time is the reaction. The chart, the MACD and the stochastic show that the stock hasn't dropped for months. If the earnings will disappoint again, the stock will probably drop further and for longer than after the last earnings.
ADSK - AUTOCAD will not cure cancerMay rise a bit into an earnings by end of FEB , however it's been a nice 25% move in stock price without any cool off.
Watching for divergency flip.
ADSK Compression at New HighADSK had a breakout last week to move above its previous all time high. ADSK is now in a compression mode, which tends to precede breakouts.
ADSK ShortScrolling down from overbought, couldn't even close the gap with the market up huge. Next week's puts.
I smell Crap! Earnings 12/3. SHORT THE FUCKING BITCHADSK parabolic POS sitting at bubbly all-time highs. Earnings coming up and they are pulling the same shit they did last quarter. Run it up parabolically and then drop it like its hot. This pos is running on fumes. Targeting at least a 15% haircut post-earnings. The balance sheet totally deteriorated this quarter.
Autodesk Breakout taregtEntry level $182 = Target price $194 = Stop loss $175
The stock is very bullish on fundamentals and is in the process of a technical breakout, nut the RSI is overbought so upside could be limited before a back test of breakout level.
Autodesk (ADSK) beat on earnings and beat on revenue - $824 million expected vs. $843 million, revenue growth at 27.5%.
Company profile
Autodesk, Inc. engages in the design of software and services. Its products include Autodesk 360 cloud services, AutoCAD civil 3D and LT, 3Ds Max, Maya, and Revit. The firm also offers development and manufacturing software, which provides manufacturers in automotive, transportation, industrial machinery, consumer products, and building product industries with comprehensive digital design, engineering, and production solutions; and digital media and entertainment, which consists of tools for digital sculpting, modeling, animation, effects, rendering, and compositing for design visualization, visual effects, and games production. The company was founded by John Walker in April 1982 and is headquartered in San Rafael, CA.
Autodesk: Rally Off Rounded BaseI was watching ADSK before their earnings due to analysts talking about their successful conversion to a cloud based subscription model for their software similar to Adobe, and I found it a compelling story. Waiting to see how the stock reacted to earnings so I didn't bear that risk, it's continuing to look strong with plenty of buying.
The 63 day mid term moving average just crossed over the 200 day long term moving average to have them moving in tandem with the 10 and 20 day short term averages. RSI is striking upward strongly into overbought from the beginning of the month, but it's continuing with a rising accumulation line and holding the way it should with a true rally on a fast moving growth stock with big money flowing inward. ADX is showing a strong trend forming, and MACD is showing a very strong bullish divergence. ADSK is almost recovered from their August drop which was leveled out with an earnings call with this rally catalyzed with another positive earnings call. Longer term is also showing a cup base from this time last year with a handle over the last three months, and I believe that they'll hit new all time highs soon.
Before the result of earnings reportsIn the daily chart we can see a sharp uptrend without any decrease. The price of the ADSK seems to reach a level, where it has the chance to reverse.
In my point of view, the price will aim the $165 tomorrow. Is it recommended to trade before earnings reports?
Perfect flag breakout to end the dayThinking this flag goes until 159.88-160.00 and hits resistance. From there a possible short play, if it can breakout would be huge but I don't think that happens. Good for a scalp both way.
ADSK looks interesting hereClearly defined support and resistance in an ascending channel. If it's going to rise to around $200, it will first need to break out above a descending trendline around $167. I'd maybe put on half a position here and add more if it falls to the bottom of the channel or if it breaks out above the descending trendline.
Autodesk prints second shoulder, ready to shortThis stock has been bullish for quite some time now, but it appears to have hit resistance at the 172 level indicated, looking for some retracement as the second shoulder has printed, confirming a short bias.
ADSK Has MACD/Volume Oscillator Positive DivergenceADSK has a positive divergence pattern with MACD/Volume Oscillator. This new combination indicator often leads price action, which is beneficial to Swing and Momentum Traders.
ADSK- trade setupWhat a great gap and trap today.. Looks good and I'm looking to go back to recent lows. No real good target on this one. You can wait till it breaks todays lows to get in if your want. Just watch this one.
AUTODESK plummets on poor guidance. Despite a beat on earnings and revenue, shares have plummeted as a result of poor guidance for the remainder of 2019.
They stock is currently down 11% in the afterhours, with very little support below, $118 looks like a reasonable target.
adskfor play back to neckline, with quicker stops. Would probably layer out into resistance and sell end on rejection or keep if runs through. Box shows ultimate stop out. Just my thoughts
