Autodesk (ADSK) stock has 23.6% of room above it before it meets a ceiling that has turned it back three times, and 5% below it before the reason to be there stops being true. In dollars: $272.34 overhead, $220.31 Wednesday, $209.29 underneath. The stock has lost about 31% over the past twelve months, so the easy read is that the business broke. Its own numbers say it did not.
Would You Have Made Money Buying Autodesk Here Before?
Buyers have stepped in at this price zone eight times before. Three of those eight produced a completed advance, averaging a 34.3% gain to the peak that followed, with a median of 459 days from the defense to that peak. The other five have not yet risen above their own starting price, so they are not in that average at all. The ceiling overhead asks for less than that average of the three that paid.
The last two years are the problem. Autodesk entered this price band on five separate occasions over the last twenty-four months, and counting only a 20% gain before any 5% fall as a defense, one held and four broke 5% lower first. The path up is not clear either: the stock has to get through $248.16 and $261.04, both pauses rather than proven ceilings.
Is Autodesk In Better Shape Than The Last Time It Sat Here?

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