According to the 15-minute chart analysis by Stepstone Group, the Relative Strength Index (RSI) has reached an oversold level, and the KDJ indicator has formed a golden cross at 13:30 on 09/03/2025. This indicates that the stock price has experienced a rapid decline and has fallen below its fundamental support level, suggesting that the momentum of the stock price is shifting towards an upward trend and has the potential to continue increasing.
According to the 15-minute chart analysis by Stepstone Group, the Relative Strength Index (RSI) for Autodesk has reached an oversold level, and the KDJ indicator has formed a golden cross at 13:30 on 09/03/2025. This suggests a significant shift in the stock's momentum.
The RSI, a momentum oscillator that measures the speed and change of price movements, typically ranges from 0 to 100. An RSI below 30 indicates that the stock is oversold, meaning it has fallen too quickly and may be due for a rebound. Conversely, an RSI above 70 indicates that the stock is overbought, suggesting it has risen too quickly and may be due for a correction.
The KDJ indicator, a trend-following momentum oscillator, consists of three lines: the K-line, the D-line, and the J-line. A golden cross occurs when the K-line crosses above the D-line, signaling a potential upward trend in the stock's price. This is often considered a buy signal.
Given these indicators, Autodesk's stock price has experienced a rapid decline, falling below its fundamental support level. This suggests that the stock's momentum is shifting towards an upward trend. Investors should keep a close eye on the stock's performance in the coming days to see if the upward trend continues.
For further analysis, refer to the 15-minute chart analysis by Stepstone Group [1] https://www.ainvest.com/news/autodesk-stock-reaches-overbought-level-rsi-kdj-indicators-show-potential-decline-2509/.
References:
[1] https://www.ainvest.com/news/autodesk-stock-reaches-overbought-level-rsi-kdj-indicators-show-potential-decline-2509/
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