Autodesk (ADSK) declined in its latest intraday trading after holding below the key resistance level of 326.60, as the stock attempts to build the positive momentum needed to break through this strong barrier. The ongoing dynamic support from trading above the 50-day simple moving average reinforces the stability of its short-term bullish trend, especially with the stocks movement along an upward sloping line. Additionally, RSI indicators are showing renewed bullish signals after reaching oversold levels, supporting the potential for a rebound.

Therefore, we expect the stock to rise in upcoming trading sessions, as long as support holds at 307.25, aiming to retest the resistance level of 326.60 in preparation for a possible breakout.

Todays price forecast: Bullish.