How Will the Market React to Autodesk Inc (ADSK) Stock Getting a Bearish Rating

Autodesk Inc (ADSK) stock is lower by 0.63% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.

Autodesk Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on ADSK!

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What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With ADSK Stock Today?

Autodesk Inc (ADSK) stock is trading at $256.64 as of 2:57 PM on Monday, Mar 18, an increase of $2.40, or 0.94% from the previous closing price of $254.24. The stock has traded between $255.70 and $259.48 so far today. Volume today is light. So far 389,648 shares have traded compared to average volume of 1,434,305 shares.

More About Autodesk Inc

Autodesk is changing how the world is designed and made. Our technology spans architecture engineering construction product design manufacturing media and entertainment empowering innovators everywhere to solve challenges big and small. From greener buildings to smarter products to more mesmerizing blockbusters Autodesk software helps our customers to design and make a better world for all. Over 100 million people use Autodesk software like AutoCAD Revit Maya 3ds Max Fusion 360 SketchBook and more to unlock their creativity and solve important design business and environmental challenges. Our software runs on both personal computers and mobile devices and taps the infinite computing power of the cloud to help teams around the world collaborate design simulate and fabricate their ideas in 3D. We provide exceptional compensation/benefit packages and wed love for you to join us. Were proud to be an equal opportunity employer and we consider all qualied applicants without regard to race gender disability veteran status or other protected category. To see our culture in action check out #AutodeskLife. We are headquartered in the San Francisco Bay Area and have more than 10000 employees worldwide. Click Here to get the full Stock Report for Autodesk Inc stock.