The Greedy Trader Weekly Analysis
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Daily RSI:> 70
Number of records: 10
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Relative Strength Index (RSI Indicator)
The Relative Strength Index is a popular momentum oscillator, developed by Welles Wilder, Jr. It is one of the most widely used technical indicators. Relative Strength Index compares upward vs. downward movements in closing over a selected period. The RSI Indicator fluctuates from 0% to 100%. A stock with RSI Indicator higher than 70% is considered overbought and lower than 30% - oversold. A good rule is to adjust overbought/oversold index range to 80% in bull and to 20% in bear markets. Relative Strength Index can provide an early warning, but not the final signal. It should be used in conjunction with other stock picking techniques. The divergence between RSI Indicator and underlying stock price is the most important signal provided by RSI, and it can be an indication of an impending reversal. Using the RSI divergence (bullish and bearish), chart patterns, trendlines, support, and resistance lines along with the RSI Indicator chart can be very useful.
Relative strength index- rsi indicator and overbought oversold index.
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RSI divergence - Bullish Bearish.
rsi divergence,Bullish,Bearish,bullish stocks,Bullish Divergence,Bearish Divergence,stock market

Accenture plc (ACN)

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Summary:
Weekly :Broken trend resistance linePrice is near the Fibonacci 38.2% retracement level
Daily :Stochastic signal line moved below overbought areaPrice has crossed below the 50 Day Moving AveragePrice is near the Fibonacci 23.6% retracement level
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It was the negative week for the Accenture plc (ACN). During the week, the ACN gave back -1.67 points, or -0.59%, and closed at 280.47 on Friday, January 20, 2023. Weekly volume was 16% above average.

Long-term trend: [See ACN long-term trend chart]
A long-term downtrend had started on December 29, 2021 at 417.37 and reached 242.95 on October 13, 2022. ACN lost 174.42 points, or 41.79%, in 41 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (223.25) 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 long-term trend.

Medium-term trend: [See ACN medium-term trend chart]
A medium-term uptrend had started on October 13, 2022 at 242.95 and reached 305.13 on December 1, 2022. ACN gained -62.18 points, or -25.59%, in 7 weeks. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Weekly Technical Indicators: [See ACN weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since November 4, 2022. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 December 20, 2022 at 253.50 and reached 287.97 on January 12, 2023. ACN gained -34.47 points, or -13.60%, in 23 days. Price is near the Fibonacci 23.6% retracement level.

Daily Technical Indicators: [See ACN daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. 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 link to access Lane's Stochastic help.

The daily MACD line is above its signal line since January 6, 2023. 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 crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.58
Williams' Percentage Range (W%R) 49.30
Lane's Stochastic (%D-Slow) 65.33
Greed/Fear Indicator (GFI) 58.88
Moving Average Converg./Diverg. (MACD) -0.85
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.52
Williams' Percentage Range (W%R) 49.30
Lane's Stochastic (%D-Slow) 36.47
Greed/Fear Indicator (GFI) 46.04
Moving Average Converg./Diverg. (MACD) -6.45
Trading Signals
Description Value Chart
Upper Bollinger Band 290.16
Daily Stochastic Crossing 281.65
50 Day Moving Average 280.94
Price 280.47
Parabolic System 272.53
20 Day Moving Average 272.35
Weekly Stochastic Crossing 272.35
Lower Bollinger Band 262.34
Yearly Trendline Resistance 258.29
Sector and Industry
Description Name Rank
Sector Information Technology 4
Industry IT Consulting & Other Services 43
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 272.59
Low Date 01/19/2023
High 281.07
High Date 01/20/2023
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 253.50
Low Date 12/20/2022
High 287.97
High Date 01/12/2023
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 305.13
High Date 12/01/2022
Low 253.50
Low Date 12/20/2022
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 242.95
Low Date 10/13/2022
High 305.13
High Date 12/01/2022
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 258.29
Support 223.25
High 417.37
High Date 12/29/2021
Low 242.95
Low Date 10/13/2022
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.

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