Autodesk's 15-Minute Chart Experiences RSI Overbought, KDJ Death Cross Unfolds

Based on the 15-minute chart for Autodesk, the Relative Strength Index (RSI) has reached an overbought level, and the KDJ (Keltner's Directional Index) has formed a death cross at 13:15 on August 28, 2025. This suggests that the stock price has increased too quickly and is now unsupported by fundamentals, with a shift in momentum towards a downward trend and potential further decreases.

Autodesk Inc. (NASDAQ: ADSK) will release its second-quarter (Q2) earnings results on Thursday after the market close. Analysts are projecting a robust performance, with revenue expected to grow 14.5% year-over-year (YoY) to $1.72 billion and adjusted earnings per share (EPS) of $2.45 [1]. The company has consistently beaten Wall Street's revenue estimates in recent quarters, with an average of 1.2% per quarter over the past two years [1].

Peer companies in the design software segment have already reported their Q2 results. PTC Inc. (NASDAQ: PTC) delivered a 24.2% YoY revenue growth, beating expectations by 10.4%, and Cadence Design Systems Inc. (NASDAQ: CDNS) reported revenues up 20.2%, topping estimates by 1.8% [1]. Both companies saw their share prices rise following their announcements, with PTC up 5.7% and Cadence up 9.8% [1].

Despite the positive analyst expectations, Autodesk shares have fallen 6.9% over the past month, in contrast to the S&P 500's 2.7% gain. However, the company remains favored by analysts, with a Zacks Rank of #2 (Buy), indicating expectations for near-term outperformance [2]. Analysts have not revised their EPS estimates over the past 30 days, suggesting they are confident in their initial projections [2].

Based on the 15-minute chart, Autodesk's Relative Strength Index (RSI) has reached an overbought level, and the Keltner's Directional Index (KDJ) has formed a death cross at 13:15 on August 28, 2025. This suggests that the stock price has increased too quickly and is now unsupported by fundamentals, with a shift in momentum towards a downward trend and potential further decreases [3].

Investors should closely monitor Autodesk's Q2 earnings report for insights into the company's performance and growth prospects. The company's strategic initiatives may help stabilize profitability, but the current market volatility poses challenges.

References:
[1] https://finance.yahoo.com/news/earnings-watch-autodesk-adsk-reports-030340334.html
[2] https://www.nasdaq.com/articles/countdown-autodesk-adsk-q2-earnings-look-estimates-beyond-revenue-and-eps
[3] https://www.ainvest.com/news/array-digital-15min-chart-shows-macd-death-cross-kdj-death-cross-2508/