The Greedy Trader Weekly Analysis
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Downtrend Resistance
Downtrend Resistance 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. Downtrend Resistance stock alert indicates that price is near long-term resistance trendline and probability of short-term trend reversal is high.

The strategy is based on selling long (or taking short) position on downtrend testing resistance. The strategy has low to medium risk and average reword.

Downtrend Resistance

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- 4/17/2026 -
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Accenture plc (ACN) Technical Analysis

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Summary:
Weekly :Oversold industryBroken trend resistance lineWilliams' Percentage Range and Lane's Stochastic are oversoldStochastic has raised above the signal line
Daily :Daily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week for the Accenture plc (ACN). During the week, the ACN gained 18.12 points, or 10.09%, and closed at 197.65 on Friday, April 17, 2026. It was the best weekly gain since January 9, 2026. Weekly volume was 8% above average.

ACN is a member of IT Consulting & Other Services Industry. IT Consulting & Other Services is the fourth most oversold industry. 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 downtrend had started on February 5, 2025 at 398.40 and reached 177.50 on April 10, 2026. ACN lost 220.90 points, or 55.45%, in 61 weeks. The price is now at the 9.12% retracement level.

Medium-term trend: [See ACN medium-term trend chart]
A medium-term downtrend had started on January 14, 2026 at 291.09 and reached 177.50 on April 10, 2026. ACN lost 113.59 points, or 39.02%, in 12 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (177.10) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a medium-term trend.

Weekly Technical Indicators: [See ACN weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish 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 and Williams' Percentage Range help.

The weekly MACD line is below its signal line since February 13, 2026. This is an indication that the medium-term trend is down. 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 April 10, 2026 at 177.50 and reached 199.65 on April 17, 2026. ACN gained -22.15 points, or -12.48%, in 7 days. The price is now at the 9.03% retracement level.

Daily Technical Indicators: [See ACN daily technical indicators chart]
Daily technical indicators are neutral.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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 moved above 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.65
Williams' Percentage Range (W%R) 38.60
Lane's Stochastic (%D-Slow) 65.26
Greed/Fear Indicator (GFI) 60.43
Moving Average Converg./Diverg. (MACD) -5.35
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 25.15
Williams' Percentage Range (W%R) 83.80
Oversold
Lane's Stochastic (%D-Slow) 13.17
Oversold
Greed/Fear Indicator (GFI) 21.54
Moving Average Converg./Diverg. (MACD) -15.39
Trading Signals
Description Value Chart
Upper Bollinger Band 206.02
50 Day Moving Average 205.14
Price 197.65
20 Day Moving Average 194.64
Daily Stochastic Crossing 194.00
Lower Bollinger Band 185.86
Weekly Stochastic Crossing 183.24
Parabolic System 177.32
Monthly Trendline Support 177.10
Monthly Trendline Resistance 167.55
Sector and Industry
Description Name Rank
Sector Information Technology 6
Industry IT Consulting & Other Services 4
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 177.50
Low Date 04/10/2026
High 199.65
High Date 04/17/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 177.50
Low Date 04/10/2026
High 199.65
High Date 04/17/2026
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 167.55
Support 177.10
High 291.09
High Date 01/14/2026
Low 177.50
Low Date 04/10/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 398.40
High Date 02/05/2025
Low 177.50
Low Date 04/10/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 417.37
High Date 12/29/2021
Low 177.50
Low Date 04/10/2026
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.