RY 133.62 0.2325% TD 80.66 0.3608% SHOP 96.69 -2.3432% CNR 170.96 1.5503% ENB 49.46 1.228% CP 112.45 0.196% BMO 126.9 -0.2672% TRI 208.55 -0.2583% CNQ 106.0 0.5406% BN 54.95 -1.0267% ATD 77.31 -0.3609% CSU 3649.3 -1.2892% BNS 63.12 -1.5596% CM 64.92 -0.3683% SU 54.025 0.4369% TRP 49.43 0.5288% NGT 59.66 12.8428% WCN 226.31 -0.593% MFC 31.94 -0.6532% BCE 44.92 -0.817%

US Technical Analysis Report

Two US-Listed Stocks Gaining Upside Momentum as Russell 3000 Inched Higher– ADSK, KODK

Mar 01, 2024

Company Overview: Autodesk, Inc. (NASDAQ: ADSK) is a company that specializes in designing software and related services. Eastman Kodak Company (NYSE: KODK) is a company dedicated to offering a range of analog and digital innovations, catering to diverse technological needs and advancements in the market. This Report covers the Price Action, Technical Indicators Analysis along with the Target Levels, Stop Loss, Support Levels, Resistance Levels, and Recommendations on these two stocks.

US Markets Round-Up

This week, the Russell 3000 index, an important benchmark of the US stock market across market capitalizations, started positively, and it traded with a positive bias throughout the week. The index made a high of 2926.823 during the week and settled at 2922.859 with a week-to-date (WTD) gain of ~0.307 percent on February 29, 2024. Other major indices, such as S&P 500 and NASDAQ Composite, witnessed positive movement for the week. On February 29, 2024, the S&P 500 index settled at ~5096.28 with a WTD gain of ~0.15 percent, while the NASDAQ Composite Index settled at 16091.922 with a WTD gain of ~0.594 percent.  

Having understood the US market performance over the week, taking cues from major global news, and based on technical analysis of the Russell 3000 index for the upcoming week, now let’s have a look at the two US-listed stocks to pick from the technical standpoint. Noted below recommendations are based on the entry price, target prices, and stop-loss for Autodesk, Inc. (NASDAQ: ADSK) and Eastman Kodak Company (NYSE: KODK) for the next 2-4 weeks duration: 

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