Autodesk Shares Jump 9.09% to $314.70 as Technicals Signal Strong Bullish Momentum

Autodesk (ADSK) shares surged 9.09% to close at $314.70 on August 29, 2025, marking the third consecutive positive session with a cumulative 11.42% gain over this period. This analysis evaluates technical indicators using the provided historical data.
Candlestick Theory
The recent price action reveals a significant bullish breakout. The August 29 candlestick formed a large white body (open: $307.26, close: $314.70) after two prior bullish days, resembling a Three White Soldiers pattern. This confirms a breach of the $294–$300 resistance zone established in early August. Immediate support resides at $307.26 (August 29 low), with secondary support at $285–$283 (late August consolidation lows). Resistance emerges near $326.45 (year-to-date high), which remains a critical psychological level.
Moving Average Theory
The moving average structure signals robust bullish alignment. The 50-day MA ($294), 100-day MA ($288), and 200-day MA ($275) all slope upward, with the shorter-term averages positioned above longer-term ones. The current price ($314.70) trades decisively above all three MAs, confirming a strong uptrend. This hierarchy suggests underlying strength, as the absence of MA crossovers provides no near-term bearish warning signals.
MACD & KDJ Indicators
MACD (12,26,9) maintains a bullish posture, with the MACD line above the signal line and the histogram expanding – reflecting accelerating momentum. The KDJ oscillator shows K-line (90) and D-line (88) in overbought territory, though J-line (94) indicates potential continuation strength. While both oscillators signal overbought conditions, the absence of divergence suggests the uptrend may persist. Traders should monitor for MACD line flattening or KDJ bearish crossovers as reversal precursors.
Bollinger Bands
Volatility expanded sharply on August 29 as price touched the upper band ($326), deviating significantly from the 20-day SMA ($294). The +2σ band expansion reflects strong bullish momentum. Historically, such deviations preceded short-term consolidations (e.g., April price retreat after touching upper band). Support now aligns with the middle Bollinger Band ($294), coinciding with prior resistance.
Volume-Price Relationship
The breakout saw robust volume confirmation. August 29 volume (4.90 million shares) exceeded the 20-day average by 47%, validating buyer conviction. Notably, this surge followed two sessions with below-average volume, eliminating concerns of distribution. Volume consistently expanded during up days since August 26, supporting trend sustainability. However, volume remains below climactic levels seen during July rallies.
Relative Strength Index (RSI)
The 14-day RSI (78) entered overbought territory, typically warning of pullback potential. However, historical parallels (e.g., June 2025 rally) show Autodesk can sustain RSI >75 for several sessions during strong trends. Current momentum diminishes immediate reversal probability, though a consolidation to relieve overbought pressure appears increasingly likely near-term.
Fibonacci Retracement
Applying Fib levels to the upswing from the August 25 low ($284.31) to the August 29 high ($326.45) reveals critical support thresholds. The 23.6% retracement ($315.40) was tested intraday on August 29, with the 38.2% level ($309.50) now serving as primary downside support. Confluence exists near $306–$307 (Fibonacci level + August 29 low), making this zone pivotal. The 61.8% retracement ($299.40) aligns with the 50-day MA.
Confluence is observed at $306–$307, where Fibonacci support, prior resistance, and the swing low converge. No major divergences appear, though RSI’s overbought condition against near-record highs warrants caution. Probabilistically, the bullish structure dominates, with pullbacks to $309–$307 likely to attract dip-buying unless volume diminishes.