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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- 5/15/2026 -
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Accenture plc (ACN) Technical Analysis

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Summary:
Weekly :Overbought sectorOversold industryLane's Stochastic oversoldWilliams' Percentage Range is strongly oversoldRelative Strength Index and Lane's Stochastic bullish divergence
Daily :Daily  MACD line has moved below its signal lineBroken trend resistance lineLane's Stochastic is oversold
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It was the negative week for the Accenture plc (ACN). During the week, the ACN dropped -11.60 points, or -6.43%, and closed at 168.82 on Friday, May 15, 2026. Weekly volume was 55% above average.

ACN is a member of Information Technology Sector. Information Technology is the second most overbought sector. ACN is a member of IT Consulting & Other Services Industry. IT Consulting & Other Services is the fifth 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 155.82 on May 13, 2026. ACN lost 242.58 points, or 60.89%, in 66 weeks. The price is now at the 5.36% 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 155.82 on May 13, 2026. ACN lost 135.27 points, or 46.47%, in 17 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 164.62 and resistance is at 191.18. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel 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. Weekly Relative Strength Index and Lane's Stochastic have bullish divergence. Use the following links to access the Relative Strength Index and Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index and Lane's Stochastic bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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, Relative Strength Index 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 April 17, 2026 at 199.65 and reached 155.82 on May 13, 2026. ACN lost 43.83 points, or 21.95%, in 26 days. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (152.28) 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 short-term trend.

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

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

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 41.44
Williams' Percentage Range (W%R) 73.40
Lane's Stochastic (%D-Slow) 19.34
Oversold
Greed/Fear Indicator (GFI) 29.14
Moving Average Converg./Diverg. (MACD) -6.26
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 25.88
Bullish
Williams' Percentage Range (W%R) 91.40
Strong Oversold
Lane's Stochastic (%D-Slow) 16.23
Oversold Bullish
Greed/Fear Indicator (GFI) 21.61
Moving Average Converg./Diverg. (MACD) -19.13 Bullish
Trading Signals
Description Value Chart
Upper Bollinger Band 194.57
Monthly Trendline Resistance 191.18
50 Day Moving Average 189.36
20 Day Moving Average 177.93
Parabolic System 176.62
Price 168.82
Weekly Trendline Resistance 165.10
Monthly Trendline Support 164.62
Weekly Stochastic Crossing 162.93
Daily Stochastic Crossing 161.90
Lower Bollinger Band 160.37
Weekly Trendline Support 152.28
Sector and Industry
Description Name Rank
Sector Information Technology 8
Industry IT Consulting & Other Services 5
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 155.82
Low Date 05/13/2026
High 169.60
High Date 05/15/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 165.10
Support 152.28
High 199.65
High Date 04/17/2026
Low 155.82
Low Date 05/13/2026
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 191.18
Support 164.62
High 291.09
High Date 01/14/2026
Low 155.82
Low Date 05/13/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 398.40
High Date 02/05/2025
Low 155.82
Low Date 05/13/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 417.37
High Date 12/29/2021
Low 155.82
Low Date 05/13/2026
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.