Autodesk (ADSK) Shares Hit Oversold Level According to RSI

Autodesk Inc (ADSK) shares reach an RSI of 28.4, entering oversold territory. This could signal potential buying opportunities for investors as the recent selling pressure may be waning.

Date: 04-03-2025

AI Rating: 6

Analysis of Autodesk's Oversold Status

Autodesk Inc (ADSK) recently reported an RSI reading of 28.4, indicating that the stock is oversold. This measurement is crucial as it suggests that the selling pressure may have reached an exhaustion point. The current trading price has moved down to $262.80, making it significantly closer to the 52-week low of $195.32

The RSI serves as a momentum indicator; an RSI below 30 typically illustrates that the stock might have been oversold, thus presenting possible buying opportunities for bullish investors. In contrast, the S&P 500 ETF's (SPY) RSI reading of 32.8 demonstrates a less bearish sentiment in the broader market.

The recent performance indicates that the heavy selling could be exhausting itself, but investors should keep watch on further trends. Additionally, reviewing the stock's 52-week range is important, as ADSK has fluctuated between $195.32 and $326.62. The last closing price of $264.55 positions the stock in the mid-range of this spectrum; however, the oversold status could indicate a buying signal for those looking for potential recovery.

Stocks: ADSK SPY