Autodesk, Inc. (NASDAQ:ADSK) Fell By -1.5%, And Here’s Why

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For its latest trading sesion, Autodesk, Inc. (NASDAQ:ADSK) dropped by -1.5% – here is what that looked like (as of 2020-01-06):

What’s the reason for these moves? To understand this better, We ought to analyze some technical indicators. The most interesting and telling are these ones:

A Money Flow Index (MFI) of 100.0, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of 100.0, a Moving Average Convergence Divergence (MACD) of -0.043, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 1.924, an Accumulation/Distribution Index (ADI) of 1.924, an On-Balance Volume (OBV) of 747.416, and a Chaiikin Money Flow (CMF) of -187.83. 1.74

So what do these technical indicators mean? Let’s see. According to Trading View, we can conclude the following:

So when putting all the technical indicators together, this is what you get. And finally, make sure to DO YOUR OWN RESEARCH! Take the above with a grain of salt, and do your own research.