The Greedy Trader Weekly Analysis
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Daily %D-Slow Divergence:Bearish
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Lane's Stochastic (%D-Slow)
The Lane's Stochastic indicator developed by George Lane is one of the most useful and widely used momentum oscillators in technical analysis. Lane's Stochastic oscillator uses four indicators to combine relative strength with moving average methods. %K is an un-smoothed RSI. %D is a moving average of %K (fast stochastic). %D-Slow is a longer term moving average of %K, and finally %D-Slow (slow stochastic) Moving Avg. is another moving average. Like other overbought oversold oscillators, they are normalized within a scale of 0 to 100. Buy/sell signals are generated by %D stochastic crossover with its moving average above 80%, for overvalued, or below 20%, for undervalued stocks. The divergence between price and indicator is the most important buy/sell stocks trading signal. Lane's Stochastic bullish divergence/bearish divergence should be considered together with other stock market trading alerts, trading indicator and technical trading techniques.
Stochastic oscillator - undervalued stocks and overbought oversold oscillator.
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Lane's Stochastic Divergence - Bullish Divergence and Bearish Divergence.
Lane's Stochastic Divergence,Bullish Divergence,Bearish Divergence
Stochastic oscillator - Lane's Stochastic crossover as stocks trading alerts. Technical investment analysis - technical analysis stock stochastic screening, slow stochastic and fast stochastic, bullish and bearish stock market technical indicator.
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Accenture plc (ACN)

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Summary:
Weekly :Overbought sectorBroken uptrend resistance line - uptrend exhaustionBroken trend support lineRelative Strength Index is overboughtWilliams' Percentage Range and Lane's Stochastic are strongly overboughtLane's Stochastic bearish divergence
Daily :Williams' Percentage Range is overboughtA Parabolic SAR indicator is below and near the priceThe price touches the upper Bollinger BandThe period of low volatility of the stock price
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It was a first positive week for the Accenture plc (ACN). During the week, the ACN gained 3.34 points, or 1.51%, and closed at 224.78 on Friday, July 31, 2020. Weekly volume was -49% below average.

ACN is a member of Information Technology Sector. Information Technology is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See ACN long-term trend chart]
A long-term uptrend had started on May 6, 2010 at 17.74 and reached 225.74 on July 21, 2020. ACN gained -208.00 points, or -1172.49%, in 532 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (146.77) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See ACN medium-term trend chart]
A medium-term uptrend had started on March 23, 2020 at 137.15 and reached 225.74 on July 21, 2020. ACN gained -88.59 points, or -64.59%, in 17 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (266.99) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.

Weekly Technical Indicators: [See ACN weekly technical indicators chart]
Weekly Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index or strongly overbought weekly Williams' Percentage Range and Lane's Stochastic. Weekly Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since May 15, 2020. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See ACN short-term trend chart]
A short-term uptrend had started on July 30, 2020 at 219.78 and reached 224.95 on July 31, 2020. ACN gained -5.17 points, or -2.35%, in 1 days. Price is near the trend high.

Daily Technical Indicators: [See ACN daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range.

The daily MACD line is below its signal line since July 13, 2020. The distance between MACD and the signal line is low, but getting bigger.

A Parabolic SAR (stop and reversal) indicator (225.51) comes close to the price (224.78). It indicates that the trend is getting weaker. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

The price touches the upper Bollinger Band. The distance between the Bollinger Bands is falling, and it was 4.73% on Friday. It is 58.47% lower than one year average. It indicates the period of low volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 72.20
Williams' Percentage Range (W%R) 15.10
Overbought
Lane's Stochastic (%D-Slow) 71.14
Greed/Fear Indicator (GFI) 76.07
Moving Average Converg./Diverg. (MACD) 4.38
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 83.52
Overbought
Williams' Percentage Range (W%R) 2.10
Strong Overbought
Lane's Stochastic (%D-Slow) 93.35
Strong Overbought Bearish
Greed/Fear Indicator (GFI) 84.82
Overbought
Moving Average Converg./Diverg. (MACD) 4.28
Trading Signals
Description Value Chart
Quarterly Trendline Support 266.99
Quarterly Trendline Resistance 241.46
Monthly Trendline Resistance 233.81
Parabolic System 225.51
Upper Bollinger Band 225.28
Price 224.78
Monthly Trendline Support 224.46
Daily Stochastic Crossing 223.91
Weekly Stochastic Crossing 223.87
20 Day Moving Average 221.04
Lower Bollinger Band 214.65
50 Day Moving Average 211.49
Yearly Trendline Resistance 208.25
Sector and Industry
Description Name Rank
Sector Information Technology 11
Industry IT Consulting & Other Services 55
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 219.78
Low Date 07/30/2020
High 224.95
High Date 07/31/2020
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 219.78
Low Date 07/30/2020
High 224.95
High Date 07/31/2020
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 233.81
Support 224.46
Low 194.83
Low Date 06/15/2020
High 225.74
High Date 07/21/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 241.46
Support 266.99
Low 137.15
Low Date 03/23/2020
High 225.74
High Date 07/21/2020
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 208.25
Support 146.77
Low 17.74
Low Date 05/06/2010
High 225.74
High Date 07/21/2020
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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