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Advanced TA SearchArchive - 3/15/2024 - Sign In to see current Signals. |
Accenture plc (ACN) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was the negative week for the Accenture plc (ACN). During the week, the ACN gave back -3.57 points, or -0.94%, and closed at 374.60 on Friday, March 15, 2024. It was the worst weekly loss since January 5, 2024. Weekly volume was -10% below average. ACN is a member of Information Technology Sector. Information Technology is the second 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 March 15, 2023 at 242.80 and reached 387.51 on March 7, 2024. ACN gained -144.71 points, or -59.60%, in 51 weeks. The price is now at the 8.92% retracement level. Medium-term trend: [See ACN medium-term trend chart] A medium-term uptrend had started on October 27, 2023 at 288.46 and reached 387.51 on March 7, 2024. ACN gained -99.05 points, or -34.34%, in 18 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (384.24) 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 Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. 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 and Williams' Percentage Range help. The weekly MACD line is above its signal line since November 17, 2023. 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 downtrend had started on March 7, 2024 at 387.51 and reached 366.87 on March 15, 2024. ACN lost 20.64 points, or 5.33%, in 8 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level. Daily Technical Indicators: [See ACN daily technical indicators chart] Daily technical indicators are neutral. During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal. During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. 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. During the last week, the price has declined below the moving average in the center of the Bollinger Bands. 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.
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