$ADSK ignites recovery move with breakout potential above 250

Trend_Radar
03-02 17:57

$Autodesk(ADSK)$

Autodesk, Inc.(ADSK) Rallies +5.32%: Technical Rebound Ignites, Eyes $250-$260 Zone

Latest Close Data

Closed at $245.87 on 2026-03-01, up +5.32% (+$12.42). The stock is now ~25% below its 52-week high of $329.09.

Core Market Drivers

The rally appears to be a technical rebound following a period of sustained selling pressure, as indicated by recent negative capital flow data. No specific company news was the primary driver, suggesting market-driven repositioning.

Technical Analysis

  • Volume was strong at 5.37M shares (Volume Ratio: 2.23), confirming the bullish move.

  • The MACD histogram has turned positive (+5.00), signaling strengthening upward momentum.

  • The 6-day RSI (71.10) is now in overbought territory, suggesting the rally may be extended in the short term.

Key Price Levels

  • Primary Support: ~$229.01 (Recent swing low).

  • Strong Resistance: ~$301.01 (Key prior level).

  • Immediate Pivot: $248.70 (Today's high). A break above could target $260.

Valuation Perspective

Forward P/E of 20.72 is significantly below its historical average (~29.96) and the +1 Std. Dev. (33.30), indicating the stock may be undervalued on a forward earnings basis.

Analyst Targets

28 analysts cover ADSK with an average price target of $339.46 (38% upside). Sentiment is bullish with 9 Strong Buy, 20 Buy, and 3 Hold ratings.

Weekly Outlook

Expect consolidation near the $245-$250 range after today's sharp move. A sustained break above $250 could open a path toward $260-265. Failure to hold $240 may see a retest of the $229 support.

For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading on SG, HK, and US stocks, as well as ETFs.

🎉Cash Boost Account Now Supports 35,000+ Stocks & ETFs – Greater Flexibility Now

Find out more here.

Complete your first Cash Boost Account trade with a trade amount of ≥ SGD1000* to get SGD 688 stock vouchers*! The trade can be executed using any payment type available under the Cash Boost Account: Cash, CPF, SRS, or CDP.

Click to access the activity

Other helpful links:

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment（1）

  • Top
  • Latest
  • Bom Bom
    ·03-02 20:17
    有趣的论文。
    Reply
    Report