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SHORT trading signal Autodesk Inc. - ADSK

US Stock Price Signals and Analysis

Good Morning Traders,

Today, September 16,  Lift-Off offers a SHORT trading signal on the US stock Autodesk Inc. (Ticker: ADSK) listed on the NASDAQ and part of the SP500 Index and the NASDAQ.

The stock began its descent in August 2021 after marking its all-time high, after a recovery, which, however, did not cause the stock to reach its highs, creating what is referred to as a "No Higher High" began its descent.

Autodesk is a leader in design software, drafting, 3D modeling and other services, listed on the Nasdaq is part of the tech sector that in times of recession suffers more than others from market declines.

Autodesk is currently priced far below its intrinsic price, but has less than excellent financial robustness data.

New signal on the stock, following the one on Sept. 2, after the rise, the price failed to break through the red Lift-Off band, which signaled the resistance band well.

Below chart of Autodesk Inc. - ADSK - with the signal detected by Lift-Off

Below the chart of Autodesk Inc. where the strong bearish trend is clearly visible

Some information about Autodesk Inc.

Autodesk, Inc. provides 3D design, engineering, and entertainment software and services worldwide.

The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BIM 360, a cloud-based construction management software; AutoCAD, a professional design, drafting, detailing, and visualization software; AutoCAD LT, a drafting and detailing software computer-aided manufacturing (CAM) software for machining, inspection, and computer numerical control modeling for manufacturing; Fusion 360, a 3D CAD, CAM, and computer-aided engineering tool; and Industry Collections tools for professionals in the architecture, engineering and construction, product design and manufacturing, and media and entertainment collection sectors.

It also provides Inventor tools for 3-D mechanical design, simulation, analysis, tools, visualization, and documentation; Vault, a data management software to manage data in one central location, accelerate design processes, and optimize the interior

Source: https://finance.yahoo.com/

Financial Overview: ADSK's current market capitalization is US$42,889B. The next earnings release date for Autodesk, Inc is Nov. 29. The estimate is US$1.70.

Accounts, including revenue, expenses, profit and loss:AdSK's total revenue for the latest quarter is US$1.23B, up 5.33% from the previous quarter. Net income in Q2 22 is 186.00M USD.

Overview Data and Accounts Source: Tradingview.com

Signal Board September 17, 2022

SHORT- Autodesk Inc. - ADSK

Input price: $201.30 (and any opening price)

Area Stop loss or adjustment (partial stop close): $230.00

Area Take profit 1: $179.00

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