Home | Breaking Out | AI powered stock trade ideas | Bullish Engulfing | Market Signals | New Green Signal Stocks | Recent Red Arrow Top Signals | Recent Green Arrow Bottom Signals | Near Term Bottom Signals | Green Stocks with Most Upside to Analyst Target Price | New Long Term Green AI Signals | Big Tech Stocks | ETF Sector SPDRs | Solar Stocks | Chip Stocks | Airline Stocks | Social Media Stocks | Oil Stocks| Discount Store Stocks | Entertainment Stocks | EV Stocks | Restaurant Stocks | Heavy Equipment Stocks | Aerospace Stocks | Home Builders | Bank Stock Signals | Cruise Ship Stock Signals | Mining Stocks | Free AI Portfolio Analyzer | How to Read and Trade AI Powered Stock Charts| Stock Charts AI top 50 Stocks

Recently Featured Stock Charts
86% AI Stock Prediction Accuracy
Enter Stock Symbol to View AI powered Stock Chart

StockChartsAI.com

All Chart Prices Delayed at least 15 minutes

Before accessing this site, you agree that you have read and agree to the disclaimers at the bottom of this page.


Stock Charts AI Power Rank: 8.6
Power Rank trending -> UP

Last Price: 239.17 - Change: -3.14 - Change %: -1.2959
06/24/2024 16:01:00 EST

Autodesk Inc (ADSK)

Industry: Software - Application

Price Support Resistance

In the past 20 trading days, ADSK has been trading in a range between $244.12 and $199.93 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.

ADSK is trading between resistance at $253.07 about 6% to the upside and support at $235.96 -1% to the downside. If it can break above the resistance, it could have some more upside to the next line of resistance at $266.68, about a 12% move. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.

Upside / Downside Potential

Autodesk Inc $ADSK entered a Green zone 8 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $241.17, a potential upside of 0.84% from the recent price of 239.17. The stock is trading 16.88% (potential upside) below its 52 week high of $279.53 and 24.56 % (potential downside) above its 52 week low of $192.01 - based on the recent price.

Company Summary

Autodesk, Inc provides 3D design, engineering, and entertainment technology solutions worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for land development, transportation, and environmental projects; Autodesk Build, provides a toolset for managing, sharing, and accessing project documents for streamlined workflows between the office, trailer, and jobsite; Revit, a software built for Building Information Modeling to help professionals design, build, and maintain higher-quality, more energy-efficient buildings; Autodesk BIM Collaborate Pro, cloud-based design collaboration and design management software; and BuildingConnected, a SaaS preconstruction solution.

ADSK Website

News

Activist Starboard Value demands Autodesk explain accounting, financial issues
Activist investor Starboard Value sent a letter to Autodesk's board demanding more clarity and accountability around an internal probe that led to the reassignment of the software company's CFO. Starboard, which has a more than $500 million stake in the company, wrote that it was "lunacy" that shareholders had not been told which executives were behind an effort to mislead investors about the company's free cash flow numbers.
Source: CNBC
Tue, 25 Jun 2024 08:29:25 -0400
Sentiment: Negative
Starboard Value Urges Autodesk to Increase Transparency, Improve Governance and Operations, and Rebuild Credibility with Investors
NEW YORK--(BUSINESS WIRE)--Starboard Value LP, a significant shareholder of Autodesk, Inc. (Nasdaq: ADSK) (“Autodesk” or the “Company”), today issued a letter to the Company's Board of Directors (the “Board”) urging Autodesk to heed mounting calls for enhanced governance, transparency, and operational execution. The letter can be accessed at https://www.starboardvalue.com/presentations. About Starboard Value LP Starboard Value LP is an investment adviser with a focused and differentiated fundam.
Source: Business Wire
Tue, 25 Jun 2024 08:00:00 -0400
Sentiment: Neutral
Autodesk, Inc. Class Action: Levi & Korsinsky Reminds Autodesk Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of June 24, 2024 - ADSK
NEW YORK, NY / ACCESSWIRE / June 24, 2024 / If you suffered a loss on your Autodesk, Inc. (NASDAQ:ADSK) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/autodesk-lawsuit-submission-form?prid=87185&wire=1 or contact Joseph E. Levi, Esq.
Source: Accesswire
Mon, 24 Jun 2024 14:45:00 -0400
Sentiment: Neutral
Shareholders that lost money on Autodesk, Inc.(ADSK) should contact Levi & Korsinsky about pending Class Action - ADSK
NEW YORK, NY / ACCESSWIRE / June 24, 2024 / If you suffered a loss on your Autodesk, Inc. (NASDAQ:ADSK) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/autodesk-lawsuit-submission-form?prid=87178&wire=1 or contact Joseph E. Levi, Esq.
Source: Accesswire
Mon, 24 Jun 2024 14:30:00 -0400
Sentiment: Neutral
SHAREHOLDER ALERT: Pomerantz Law Firm Announces the Filing of a Class Action Against Autodesk, Inc. - ADSK
NEW YORK , June 24, 2024 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Autodesk, Inc. ("Autodesk" or the "Company") (NASDAQ: ADSK). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext.
Source: PRNewsWire
Mon, 24 Jun 2024 14:06:00 -0400
Sentiment: Neutral
Instituions Institution %: 92.72
Last QTR Institution change: 4069567

Insiders
Insiders %: 0.178
Insiders Purchases last QTR: 0
Insiders Sales last QTR: 88144
Insiders Net last QTR: -88144

Analyst Ratings
Target Price: 241.17
Overall Rating: 4.08
Strong Buys (5): 12
Buys (4): 4
Holds (3): 8
Sells (2): 1
Strong Sells (1): 0

Technicals
52 Week Hi: 279.53
52 Week Low: 192.01
Beta: 1.431
50 Day MA: 219.146
200 Day MA: 228.9683

Earnings / Revenue Trends
Qtr Earnings Growth YOY: 0.549
Qtr Revenue Growth YOY: 0.117
Forward PE: 29.4118
Trailing PE: 52.1068

Benefits of StockChartsAI.com System:

  • Get a Daily List of Stocks Starting New Trends
  • Upload Your Stocks to Quickly See and Track Signals
  • Easy to Understand AI Stock Signals
  • Analysis of Historical Signal Trend Analysis for each stock
  • Search/View AI Stock Signals of Russel 1000 Stocks
  • Easy to Understand AI Stock Signals
  • And MUCH MUCH more!

1000

Stock Analyzed Each Night

Portfolio

Easily Upload Track Your Stocks

Trends

See Lists of Stocks Starting New Trends

The information contained on this website is solely for educational purposes, and does not constitute investment advice. The risk of trading in securities markets can be substantial. By accessing this site, you agree we are not liable, whether in contract, tort (including negligence) or otherwise, in respect of any damage, expense or other loss you may suffer arising out of such information or any reliance you may place upon such information from this site. Stocks, Futures and options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the stock, futures and options markets. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results. Individual results may vary, and testimonials are not claimed to represent typical results. All testimonials are by real people, and may not reflect the typical purchaser’s experience, and are not intended to represent or guarantee that anyone will achieve the same or similar results. HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY, SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.