The Greedy Trader Weekly Analysis
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Uptrend Support

Uptrend Support stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Stock market alert is a warning signal. Uptrend Support stock alert indicates that price is near long-term support trendline and probability of short-term trend reversal is high. The strategy here is to take advantage of established uptrend price pullback and entering the long position just prior to the continuation of the trend. The strategy has relatively low risk.

Uptrend Support

Archive
- 2/28/2025 -
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Accenture plc (ACN) Technical Analysis

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Summary:
Weekly :Oversold sectorTrend support at 346.35
Daily :Relative Strength Index oversoldLane's Stochastic is strongly oversold
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It was the negative week for the Accenture plc (ACN). During the week, the ACN dropped -19.20 points, or -5.27%, and closed at 345.10 on Friday, February 28, 2025. ACN was trading at average weekly trading volume.

ACN is a member of Information Technology Sector. Information Technology is the second most oversold 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 398.40 on February 5, 2025. ACN gained -155.60 points, or -64.09%, in 99 weeks. The price is now at the 34.25% retracement level.

Medium-term trend: [See ACN medium-term trend chart]
A medium-term uptrend had started on November 4, 2024 at 341.60 and reached 398.40 on February 5, 2025. ACN gained -56.80 points, or -16.63%, in 13 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend support (346.35) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a medium-term trend.

Weekly Technical Indicators: [See ACN weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since January 31, 2025. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 February 5, 2025 at 398.40 and reached 342.40 on February 28, 2025. ACN lost 56.00 points, or 14.06%, in 23 days. Price is near the trend low.

Daily Technical Indicators: [See ACN daily technical indicators chart]
Daily Relative Strength Index is oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Relative Strength Index or strongly oversold daily 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 Relative Strength Index help.

The daily MACD line is below its signal line since February 14, 2025. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 13.15
Oversold
Williams' Percentage Range (W%R) 73.60
Lane's Stochastic (%D-Slow) 6.73
Strong Oversold
Greed/Fear Indicator (GFI) 15.44
Oversold
Moving Average Converg./Diverg. (MACD) 1.54
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 42.95
Williams' Percentage Range (W%R) 72.50
Lane's Stochastic (%D-Slow) 70.32
Greed/Fear Indicator (GFI) 48.11
Moving Average Converg./Diverg. (MACD) 9.19
Trading Signals
Description Value Chart
Monthly Trendline Resistance 409.87
Upper Bollinger Band 400.07
Weekly Stochastic Crossing 380.37
20 Day Moving Average 379.54
Parabolic System 371.26
50 Day Moving Average 366.99
Monthly Trendline Support 346.35
Daily Stochastic Crossing 345.45
Price 345.10
Lower Bollinger Band 342.22
Sector and Industry
Description Name Rank
Sector Information Technology 2
Industry IT Consulting & Other Services 59
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 392.00
High Date 02/19/2025
Low 342.40
Low Date 02/28/2025
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 398.40
High Date 02/05/2025
Low 342.40
Low Date 02/28/2025
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Support
Resistance 409.87
Support 346.35
Low 341.60
Low Date 11/04/2024
High 398.40
High Date 02/05/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 278.69
Low Date 05/31/2024
High 398.40
High Date 02/05/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 242.80
Low Date 03/15/2023
High 398.40
High Date 02/05/2025
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.