Volatility Contraction Sets Up ADSK Move Near $300.71
NeutralAutodesk Inc (ADSK) closed up 0.84% at $300.71 on December 29.
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 $299.09.
Momentum
RSI at 58.6 is in neutral territory. MACD is bullish (-0.67 vs signal -0.90).
Volatility
Stock has been in a TTM Squeeze for 7 days, indicating compressed volatility and potential for a significant move.