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Mar 26, 2019
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Autodesk finds support in the $150 area and generates a bullish signal

Autodesk finds support in the $150 area and generates a bullish signal

Application software firm Autodesk (Nasdaq: ADSK) has been on a bit of roller coaster ride over the last nine months. The stock was down under $130 last July and then bounced up to the $160 area. Then it fell with the overall market in October, bounced again and fell again in December. Since the December low when the stock was under $120, it had bounced back up to above $165 before pulling back in the last few weeks

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Despite the roller coaster ride, it looks like the stock has found support at the $150 level and is hovering just above it currently. The $150 level marked a temporary high in December—between the high from last fall and the recent high.

The stock fell enough in March that the stochastic readings dropped in to oversold territory. They have climbed slightly and are just above oversold territory at this time and the indicators just made a bullish crossover.

The Tickeron AI Trend Prediction tool generated a bullish signal on Autodesk on March 18. That signal had a confidence level of 67% and it calls for a gain of at least 2% over the next week. Previous predictions on Autodesk have been accurate 70% of the time.

The fundamentals for Autodesk are rather perplexing. The earnings have been flat over the last three years and so have the sales. However, the most recent quarterly report showed an earnings jump of 611% and a sales jump of 33%. The company doesn’t have a return on equity because it had been losing money and that also meant a negative profit margin. The question is whether the company has turned the corner and will now return to profitability in 2019.

 

Related Ticker: ADSK

Contributor

Harry Richardson — Algorithmic Trader & Strategy Developer Harry is an algorithmic trader specializing in impulse and breakout trading strategies across cryptocurrency and equity markets. With more than 10 years of experience in developing automated trading systems, he focuses on building structured algorithms designed to capture momentum while maintaining strict risk control. His approach combines quantitative analysis, real-market execution, and continuous performance monitoring. Vitalii prioritizes risk management, drawdown control, and strategy stability over short-term optimization, ensuring algorithms are adaptable to changing market conditions. He has developed and tested hundreds of automated strategies, working extensively with live trading environments, forward testing, and portfolio-level algorithm management. His work centers on transforming trading ideas into fully operational, scalable automated systems.


Aroon Indicator for ADSK shows an upward move is likely

ADSK's Aroon Indicator triggered a bullish signal on November 03, 2026. Tickeron's A.I.dvisor detected that the AroonUp green line is above 70 while the AroonDown red line is below 30. When the up indicator moves above 70 and the down indicator remains below 30, it is a sign that the stock could be setting up for a bullish move. Traders may want to buy the stock or look to buy calls options. A.I.dvisor looked at 198 similar instances where the Aroon Indicator showed a similar pattern. In 139 of the 198 cases, the stock moved higher in the days that followed. This puts the odds of a move higher at 70%.

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on October 30, 2026. You may want to consider a long position or call options on ADSK as a result. In 57 of 84 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 68%.

The Moving Average Convergence Divergence (MACD) for ADSK just turned positive on October 05, 2026. Looking at past instances where ADSK's MACD turned positive, the stock continued to rise in 34 of 50 cases over the following month. The odds of a continued upward trend are 68%.

ADSK moved above its 50-day moving average on October 15, 2026 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for ADSK crossed bullishly above the 50-day moving average on October 16, 2026. This indicates that the trend has shifted higher and could be considered a buy signal. In 11 of 19 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 58%.

Following a +6.69% 3-day Advance, the price is estimated to grow further. Considering data from situations where ADSK advanced for three days, in 207 of 326 cases, the price rose further within the following month. The odds of a continued upward trend are 63%.

Bearish Trend Analysis

The 10-day RSI Indicator for ADSK moved out of overbought territory on October 23, 2026. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 37 similar instances where the indicator moved out of overbought territory. In 23 of the 37 cases, the stock moved lower in the following days. This puts the odds of a move lower at 62%.

The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where ADSK declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 68%.

ADSK broke above its upper Bollinger Band on October 22, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

The Tickeron SMR rating for this company is 19 (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Price Growth Rating for this company is 42 (best 1 - 100 worst), indicating steady price growth. ADSK’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of 83 (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (15.588) is normal, around the industry mean (-1.902). P/E Ratio (32.474) is within average values for comparable stocks, (15.583). Projected Growth (PEG Ratio) (0.797) is also within normal values, averaging (2.824). Dividend Yield (0.000) settles around the average of (0.072) among similar stocks. P/S Ratio (6.024) is also within normal values, averaging (70.854).

The Tickeron PE Growth Rating for this company is 89 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is 100 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. ADSK’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 94, placing this stock worse than average.

Notable companies

The most notable companies in this group are Salesforce (NYSE:CRM), Shopify Inc (NASDAQ:SHOP), Uber Technologies (NYSE:UBER), ServiceNow Inc. (NYSE:NOW), Adobe (NASDAQ:ADBE), Intuit (NASDAQ:INTU), Datadog (NASDAQ:DDOG), Autodesk (NASDAQ:ADSK), Atlassian Corp (NASDAQ:TEAM), Workday (NASDAQ:WDAY).

Industry description

Packaged software comprises multiple software programs bundled together and sold as a group. For example, Microsoft Office includes multiple applications such as Excel, Word, and PowerPoint. In some cases, buying a bundled product is cheaper than purchasing each item individually[s20] . Microsoft Corporation, Oracle Corp. and Adobe are some major American packaged software makers.

Market Cap

The average market capitalization across the Packaged Software Industry is 10.44B. The market cap for tickers in the group ranges from 39 to 269.65B. SAP holds the highest valuation in this group at 269.65B. The lowest valued company is STIXF at 39.

High and low price notable news

The average weekly price growth across all stocks in the Packaged Software Industry was -2%. For the same Industry, the average monthly price growth was -4%, and the average quarterly price growth was -3%. FTFT experienced the highest price growth at 101%, while RCT experienced the biggest fall at -51%.

Volume

The average weekly volume growth across all stocks in the Packaged Software Industry was 19%. For the same stocks of the Industry, the average monthly volume growth was 9% and the average quarterly volume growth was -49%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 51
P/E Growth Rating: 59
Price Growth Rating: 59
SMR Rating: 77
Profit Risk Rating: 93
Seasonality Score: 11 (-100 ... +100)
Related Portfolios: APPLICATION SOFTWARE
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General Information

a developer of multimedia software products

Industry PackagedSoftware

Industry
Packaged Software
Address
One Market Street
Phone
+1 415 507-5000
Employees
14300
Web
https://www.autodesk.com
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Autodesk finds support in the $150 area and generates a bullish signal