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Daily MACD Divergence:Bearish
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Moving Average Convergence Divergence (MACD)

Moving Average Convergence Divergence (MACD indicator) was developed by Gerald Appel, and it represents the relationship between two moving averages. MACD crossover with the signal line warns about the trend weakening. MACD dramatic rise represents an overbought/oversold condition and indicates the trend exhaustion. The MACD divergence between price and indicator is the one of the most popular buy/sell MACD signals.

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- 2/23/2024 -
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Accenture plc (ACN) Technical Analysis

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Summary:
Weekly :Overbought sectorLane's Stochastic is overboughtWilliams' Percentage Range is strongly overbought
Daily :The price is above the upper Bollinger BandThe period of low volatility of the stock price
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It was a first positive week for the Accenture plc (ACN). During the week, the ACN gained 7.84 points, or 2.12%, and closed at 377.32 on Friday, February 23, 2024. Weekly volume was -24% below average.

ACN is a member of Information Technology Sector. Information Technology is the most overbought sector. 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 uptrend had started on March 15, 2023 at 242.80 and reached 377.97 on February 23, 2024. ACN gained -135.17 points, or -55.67%, in 49 weeks. Price is near the trend high.

Medium-term trend: [See ACN medium-term trend chart]
A medium-term uptrend had started on October 27, 2023 at 288.46 and reached 377.97 on February 23, 2024. ACN gained -89.51 points, or -31.03%, in 17 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 368.18 and resistance is at 397.69. A Rising 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 Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See ACN weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought 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 above its signal line since November 17, 2023. This is an indication that the medium-term trend is up. 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 February 21, 2024 at 358.97 and reached 377.97 on February 23, 2024. ACN gained -19.00 points, or -5.29%, in 2 days. Price is near the trend high.

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

The daily MACD line is below its signal line since February 2, 2024. The distance between MACD and the signal line is low and getting smaller.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The distance between the Bollinger Bands is falling, and it was 4.34% on Friday. It is 55.52% lower than one year average. It indicates the period of low volatility of the stock price. 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) 53.65
Williams' Percentage Range (W%R) 20.90
Lane's Stochastic (%D-Slow) 54.71
Greed/Fear Indicator (GFI) 62.47
Moving Average Converg./Diverg. (MACD) 3.89
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 76.39
Williams' Percentage Range (W%R) 4.40
Strong Overbought
Lane's Stochastic (%D-Slow) 86.80
Overbought
Greed/Fear Indicator (GFI) 81.56
Overbought
Moving Average Converg./Diverg. (MACD) 13.54
Trading Signals
Description Value Chart
Monthly Trendline Resistance 397.69
Price 377.32
Upper Bollinger Band 375.08
Weekly Stochastic Crossing 371.31
20 Day Moving Average 369.00
Daily Stochastic Crossing 368.87
Monthly Trendline Support 368.18
Lower Bollinger Band 358.71
Parabolic System 358.61
50 Day Moving Average 357.81
Sector and Industry
Description Name Rank
Sector Information Technology 10
Industry IT Consulting & Other Services 78
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 358.97
Low Date 02/21/2024
High 377.97
High Date 02/23/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 358.97
Low Date 02/21/2024
High 377.97
High Date 02/23/2024
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 397.69
Support 368.18
Low 288.46
Low Date 10/27/2023
High 377.97
High Date 02/23/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 242.80
Low Date 03/15/2023
High 377.97
High Date 02/23/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 417.37
High Date 12/29/2021
Low 242.80
Low Date 03/15/2023
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.