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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- 4/10/2026 -
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Accenture plc (ACN) Technical Analysis

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Summary:
Weekly :Oversold industryLane's Stochastic oversoldWilliams' Percentage Range is strongly oversold
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARThe price is below the lower Bollinger Band
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It was the negative week for the Accenture plc (ACN). During the week, the ACN dropped -21.80 points, or -10.83%, and closed at 179.53 on Friday, April 10, 2026. It was the worst weekly loss since February 6, 2026. Weekly volume was 18% above average.

ACN is a member of IT Consulting & Other Services Industry. IT Consulting & Other Services is the second 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. Price is near the trend low.

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 Descending Triangle chart pattern. The trend support level is at 185.38 and resistance is at 177.13. A Descending Triangle is a variation of triangle formation that has a flat support line and falling resistance line. The lower highs indicate the decreasing demand and give the descending triangle definitive bearish bias. A Descending Triangle usually represents a distribution stage in bearish market. A Descending Triangle is considered to be a continuation pattern, especially in a down trend, but it may also mark a reversal in an uptrend. Use the following link to access a Descending Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Descending Triangle pattern in a medium-term trend.

Weekly Technical Indicators: [See ACN weekly technical indicators chart]
Weekly Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold weekly Williams' Percentage Range. 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 20, 2026 at 207.42 and reached 177.50 on April 10, 2026. ACN lost 29.92 points, or 14.42%, in 21 days. The price is now at the 6.78% 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 below its signal line. Such crossover is considered a bearish signal.

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

The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. 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) 28.99
Williams' Percentage Range (W%R) 72.70
Lane's Stochastic (%D-Slow) 40.34
Greed/Fear Indicator (GFI) 32.22
Moving Average Converg./Diverg. (MACD) -6.19
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 26.30
Williams' Percentage Range (W%R) 92.70
Strong Oversold
Lane's Stochastic (%D-Slow) 11.09
Oversold
Greed/Fear Indicator (GFI) 17.34
Oversold
Moving Average Converg./Diverg. (MACD) -14.21 Bullish
Trading Signals
Description Value Chart
50 Day Moving Average 211.27
Upper Bollinger Band 207.80
Parabolic System 201.37
20 Day Moving Average 195.90
Lower Bollinger Band 186.58
Monthly Trendline Support 185.38
Daily Stochastic Crossing 185.08
Weekly Stochastic Crossing 182.75
Price 179.53
Monthly Trendline Resistance 177.13
Sector and Industry
Description Name Rank
Sector Information Technology 3
Industry IT Consulting & Other Services 2
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 202.16
High Date 04/08/2026
Low 177.50
Low Date 04/10/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 207.42
High Date 03/20/2026
Low 177.50
Low Date 04/10/2026
Description Value
Direction Down
Chart Pattern Descending Triangle
Status Valid
Resistance 177.13
Support 185.38
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.