ADSK Coils in TTM Squeeze at $300.71, Breakout Imminent
NeutralAutodesk 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.