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

Archive
- 3/20/2026 -
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Accenture plc (ACN) Technical Analysis

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Summary:
Weekly :Oversold industryWilliams' Percentage Range and Lane's Stochastic are oversoldStochastic has raised above the signal lineTrend resistance at 197.60
Daily :
Move cursor over the icon to see details.

It was a first positive week for the Accenture plc (ACN). During the week, the ACN gained 3.34 points, or 1.70%, and closed at 199.99 on Friday, March 20, 2026. Weekly volume was 244% above average.

ACN is a member of IT Consulting & Other Services Industry. IT Consulting & Other Services is the seventh 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 187.00 on March 19, 2026. ACN lost 211.40 points, or 53.06%, in 58 weeks. The price is now at the 6.14% 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 187.00 on March 19, 2026. ACN lost 104.09 points, or 35.76%, in 9 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The price is near the trend resistance line (197.60). The resistance is usually stronger when technical indicators are overbought. 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 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 downtrend had started on March 6, 2026 at 218.60 and reached 187.00 on March 19, 2026. ACN lost 31.60 points, or 14.46%, in 13 days. The price is now at the 41.11% retracement level.

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

The daily MACD line is above its signal line since March 2, 2026. The distance between MACD and the signal line is low, but getting bigger.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 43.73
Williams' Percentage Range (W%R) 47.80
Lane's Stochastic (%D-Slow) 30.96
Greed/Fear Indicator (GFI) 42.31
Moving Average Converg./Diverg. (MACD) -10.57
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 25.27
Williams' Percentage Range (W%R) 84.10
Oversold
Lane's Stochastic (%D-Slow) 12.25
Oversold
Greed/Fear Indicator (GFI) 22.01
Moving Average Converg./Diverg. (MACD) -10.33
Trading Signals
Description Value Chart
50 Day Moving Average 235.37
Upper Bollinger Band 220.58
Parabolic System 207.63
20 Day Moving Average 203.11
Weekly Stochastic Crossing 200.20
Price 199.99
Monthly Trendline Resistance 197.60
Lower Bollinger Band 194.76
Daily Stochastic Crossing 194.17
Sector and Industry
Description Name Rank
Sector Information Technology 3
Industry IT Consulting & Other Services 7
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 187.00
Low Date 03/19/2026
High 207.42
High Date 03/20/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 218.60
High Date 03/06/2026
Low 187.00
Low Date 03/19/2026
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Test Resistance
Resistance 197.60
Support 130.09
High 291.09
High Date 01/14/2026
Low 187.00
Low Date 03/19/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 398.40
High Date 02/05/2025
Low 187.00
Low Date 03/19/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 417.37
High Date 12/29/2021
Low 187.00
Low Date 03/19/2026
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.