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Daily MACD Divergence: | Bearish |
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Number of records: 6 |
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Advanced TA SearchArchive - 7/19/2024 - Sign In to see current Signals. |
Accenture plc (ACN) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was a second consecutive positive week for the Accenture plc (ACN). During the week, the ACN gained 18.56 points, or 5.97%, and closed at 329.19 on Friday, July 19, 2024. Weekly volume was 79% above average. Long-term trend: [See ACN long-term trend chart] A long-term uptrend had started on March 15, 2023 at 242.80 and reached 387.51 on March 7, 2024. ACN gained -144.71 points, or -59.60%, in 51 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend support line (341.10) is broken. A broken support is considered to be a long-term bearish 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 support in a long-term trend. Medium-term trend: [See ACN medium-term trend chart] A medium-term downtrend had started on March 7, 2024 at 387.51 and reached 278.69 on May 31, 2024. ACN lost 108.82 points, or 28.08%, in 12 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (248.19) 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 below its signal line since March 22, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. 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 July 10, 2024 at 290.53 and reached 336.25 on July 18, 2024. ACN gained -45.72 points, or -15.74%, in 8 days. The price is now at the 15.44% retracement level. Daily Technical Indicators: [See ACN daily technical indicators chart] Daily Williams' Percentage Range is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range or strongly overbought daily Lane's Stochastic. 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 11, 2024. This is an indication that the short-term trend is up.
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Daily Oscillators |
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Weekly Oscillators |
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Trading
Signals |
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Sector and
Industry |
Description |
Name |
Rank |
Sector |
Information Technology |
7 |
Industry |
IT Consulting & Other Services |
83 |
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Daily Trend |
Description |
Value |
Direction |
Up |
Chart Pattern |
Uptrend |
Low |
290.53 |
Low Date |
07/10/2024 |
High |
336.25 |
High Date |
07/18/2024 |
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Weekly Trend |
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Description |
Value |
Direction |
Up |
Chart Pattern |
Uptrend |
Status |
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Resistance |
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Support |
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Low |
278.69 |
Low Date |
05/31/2024 |
High |
336.25 |
High Date |
07/18/2024 |
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Description |
Value |
Direction |
Down |
Chart Pattern |
Falling Wedge |
Status |
Broken Resistance |
Resistance |
228.95 |
Support |
248.19 |
High |
387.51 |
High Date |
03/07/2024 |
Low |
278.69 |
Low Date |
05/31/2024 |
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Quarterly Trend |
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Description |
Value |
Direction |
Up |
Chart Pattern |
Broadening Ascending Wedge |
Status |
Broken Support |
Resistance |
429.86 |
Support |
341.10 |
Low |
242.80 |
Low Date |
03/15/2023 |
High |
387.51 |
High Date |
03/07/2024 |
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Description |
Value |
Direction |
Down |
Chart Pattern |
DownTrend |
Status |
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Resistance |
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Support |
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High |
417.37 |
High Date |
12/29/2021 |
Low |
242.80 |
Low Date |
03/15/2023 |
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