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Price vs. Upper Bollinger Band:Crossover
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Bollinger Band crossover - Stock market timing signal.
The Bollinger bands indicator developed by John Bollinger in the early 1980s is one of the most popular and powerful trading tools. These bands are charted two standard deviations away from a simple moving average, and they provide a relative definition of high and low. Bollinger bands trading technique uses one band as an entry point exit of the other. The center band presents a neutral support/resistance level. As with most indicators, signals generated by bollinger band crossover should be confirmed using complimentary indicators.
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- 6/14/2019
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Accenture plc
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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionBroken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is strongly overboughtRelative Strength Index, Lane's Stochastic and MACD bearish divergence
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtLane's Stochastic bearish divergence20 Day Moving Average has crossed above the 50 Day Moving Average
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It was a second consecutive positive week for the Accenture plc (ACN). During the week, the ACN gained 2.05 points, or 1.12%, and closed at 184.97 on Friday, June 14, 2019. Weekly volume was -29% below average.

Long-term trend: [See ACN long-term trend chart]
A long-term uptrend had started on May 6, 2010 at 17.74 and reached 186.68 on June 11, 2019. ACN gained -168.94 points, or -952.31%, in 474 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (158.86) 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 December 26, 2018 at 132.63 and reached 186.68 on June 11, 2019. ACN gained -54.05 points, or -40.75%, in 23 weeks. The chart has formed a Rising Pennant chart pattern. The uptrend resistance line (178.49) 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 medium-term trend.

Weekly Technical Indicators: [See ACN weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. Weekly Relative Strength Index, Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index, Lane's Stochastic and MACD 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 February 8, 2019. 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 June 3, 2019 at 174.23 and reached 186.68 on June 11, 2019. ACN gained -12.45 points, or -7.15%, in 8 days. The price is now at the 13.73% retracement level.

Daily Technical Indicators: [See ACN daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. Daily 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 daily Lane's Stochastic bearish divergence.

The daily MACD line is above its signal line since June 5, 2019. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.

During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.09
Williams' Percentage Range (W%R) 16.20
Overbought
Lane's Stochastic (%D-Slow) 83.91
Overbought Bearish
Greed/Fear Indicator (GFI) 78.26
Moving Average Converg./Diverg. (MACD) 1.43
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 78.97
Bearish
Williams' Percentage Range (W%R) 5.10
Strong Overbought
Lane's Stochastic (%D-Slow) 72.08
Bearish
Greed/Fear Indicator (GFI) 76.38
Moving Average Converg./Diverg. (MACD) 4.84 Bearish
Trading Signals
Description Value Chart
Upper Bollinger Band 186.35
Daily Stochastic Crossing 185.17
Price 184.97
Weekly Stochastic Crossing 182.73
Parabolic System 181.93
20 Day Moving Average 180.26
Quarterly Trendline Resistance 179.28
50 Day Moving Average 178.79
Quarterly Trendline Support 178.49
Lower Bollinger Band 175.05
Yearly Trendline Resistance 166.87
Yearly Trendline Support 158.86
Sector and Industry
Description Name Rank
Sector Services 6
Industry Management Services 149
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 174.23
Low Date 06/03/2019
High 186.68
High Date 06/11/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 174.23
Low Date 06/03/2019
High 186.68
High Date 06/11/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 170.35
Low Date 05/13/2019
High 186.68
High Date 06/11/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Pennant
Status Broken Resistance
Resistance 179.28
Support 178.49
Low 132.63
Low Date 12/26/2018
High 186.68
High Date 06/11/2019
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 166.87
Support 158.86
Low 17.74
Low Date 05/06/2010
High 186.68
High Date 06/11/2019
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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