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
- 8/14/2026 -
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Accenture plc (ACN) Technical Analysis

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Summary:
Weekly :Broken trend resistance line
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtStochastic has declined below the signal lineThe price has risen above the Parabolic SAR
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It was a fifth consecutive positive week for the Accenture plc (ACN). During the week, the ACN climbed 1.17 points, or 0.67%, and closed at 176.89 on Friday, August 14, 2026. ACN was trading at average weekly trading volume.

Long-term trend: [See ACN long-term trend chart]
A long-term downtrend had started on February 5, 2025 at 398.40 and reached 118.15 on June 22, 2026. ACN lost 280.25 points, or 70.34%, in 71 weeks. The price is now at the 20.96% 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 118.15 on June 22, 2026. ACN lost 172.94 points, or 59.41%, in 22 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend resistance line (63.10) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. ACN may retest the broken resistance line. It is considered to be a support line now. 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 technical indicators are neutral.

The weekly MACD line is above its signal line since July 24, 2026. The distance between MACD and the signal line is relatively high and getting bigger. 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 22, 2026 at 118.15 and reached 185.80 on August 13, 2026. ACN gained -67.65 points, or -57.26%, in 52 days. The price is now at the 13.17% 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. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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 daily MACD line is above its signal line since July 2, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 73.10
Williams' Percentage Range (W%R) 11.60
Overbought
Lane's Stochastic (%D-Slow) 86.57
Overbought
Greed/Fear Indicator (GFI) 82.71
Overbought
Moving Average Converg./Diverg. (MACD) 7.07
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 48.76
Williams' Percentage Range (W%R) 26.30
Lane's Stochastic (%D-Slow) 56.14
Greed/Fear Indicator (GFI) 59.94
Moving Average Converg./Diverg. (MACD) -22.85
Trading Signals
Description Value Chart
Upper Bollinger Band 194.20
Daily Stochastic Crossing 181.55
Price 176.89
20 Day Moving Average 163.99
Parabolic System 162.46
Weekly Stochastic Crossing 161.06
50 Day Moving Average 153.01
Monthly Trendline Resistance 146.50
Lower Bollinger Band 137.90
Sector and Industry
Description Name Rank
Sector Information Technology 7
Industry IT Consulting & Other Services 57
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 185.80
High Date 08/13/2026
Low 173.91
Low Date 08/14/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 118.15
Low Date 06/22/2026
High 185.80
High Date 08/13/2026
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Broken Resistance
Resistance 146.50
Support 63.10
High 291.09
High Date 01/14/2026
Low 118.15
Low Date 06/22/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 398.40
High Date 02/05/2025
Low 118.15
Low Date 06/22/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 417.37
High Date 12/29/2021
Low 118.15
Low Date 06/22/2026
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.