ADSK Autodesk Inc.

$ADSK This is beginning to look like the beginnings of a Stage 4 Markdown (look up Wyckoff cycles) We had a 5 year distribution pattern where ADSK failed to break ATH, and not only that - it tore through a 30+ year ascending support line A crash is coming for this STONK

$ADSK (Autodesk) shares rise 5.4% after Schneider Electric agreed to acquire rival engineering software firm PTC for $205 per share, a deal seen as resetting valuation benchmarks across the sector and boosting Autodesk by association.

Are SaaS Stocks Making A Comeback? Autodesk, Intuit Outperform In Tough Week For Tech $ADSK $INTU $QQQ $PTC https://stocktwits.com/news/equity/markets/are-saa-s-stocks-making-a-comeback-autodesk-intuit-outperform-in-tough-week-for-tech/cZD6WT3RBVl

$ADSK filled the overhead gap today. 200ma next on my radar. A move and hold over will likely have me put some into let it ride

$ADSK after todays ugly candle looking for 185.00. I wouldn’t be surprised to see a new 52 week low either very soon.

$ADSK after 6 up days the basing has started near the 50ma daily. Basing is healthy. Learn to love basing

I will publish a piece on my Substack about $ADSK Thinking about the validity of the broader software sell-off, particularly for this company. Margins and growth rates have expanded while multiples have consistently contracted. The company has also been actively buying back shares. Looking forward to hearing your opinions as well; always good to get some feedback. Substack is in my bio!

Piper Sandler set a $300 price target for Autodesk with an Overweight rating, highlighting the company's position as a leading provider of design and engineering software. The firm's thesis is supported by Autodesk's deeply integrated workflows, proprietary design data and high switching costs across architecture, engineering, construction, manufacturing and media. Autodesk's transition toward more flexible subscription offerings, stronger monetization and broader platform capabilities is expected to support durable recurring-revenue growth. The company also benefits from software that is embedded in customers' core design and production processes, making replacement more difficult once workflows are established. Piper Sandler expects investors to continue debating the potential for AI advances to disrupt traditional design software. $ADSK

$ADSK ripped ~8% on that software bid while chips got smoked. Day's 219 low better hold after the close or this chase fades.