ADSK Coils in TTM Squeeze at $300.71, Breakout Imminent

Autodesk Inc (ADSK) closed up 0.84% at $300.71 on December 27.

Technical indicators paint a mixed picture:

• Moving Averages: Mixed signals with price near the 9-day EMA ($298.88). The 21-day EMA sits at $299.26.
• Momentum: RSI at 57.7 is in neutral territory. MACD is bullish (-0.68 vs signal -0.91).
• Volatility: Stock has been in a TTM Squeeze for 9 days, indicating compressed volatility and potential for a significant move.

Key levels to watch: Support at $291.93, Resistance at $309.76.