The Greedy Trader Weekly Analysis
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Daily D%-Slow:< 20
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Lane's Stochastic (%D-Slow)
The Lane's Stochastic indicator developed by George Lane is one of the most useful and widely used momentum oscillators in technical analysis. Lane's Stochastic oscillator uses four indicators to combine relative strength with moving average methods. %K is an un-smoothed RSI. %D is a moving average of %K (fast stochastic). %D-Slow is a longer term moving average of %K, and finally %D-Slow (slow stochastic) Moving Avg. is another moving average. Like other overbought oversold oscillators, they are normalized within a scale of 0 to 100. Buy/sell signals are generated by %D stochastic crossover with its moving average above 80%, for overvalued, or below 20%, for undervalued stocks. The divergence between price and indicator is the most important buy/sell stocks trading signal. Lane's Stochastic bullish divergence/bearish divergence should be considered together with other stock market trading alerts, trading indicator and technical trading techniques.
Stochastic oscillator - undervalued stocks and overbought oversold oscillator.
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Lane's Stochastic Divergence - Bullish Divergence and Bearish Divergence.
Lane's Stochastic Divergence,Bullish Divergence,Bearish Divergence
Stochastic oscillator - Lane's Stochastic crossover as stocks trading alerts. Technical investment analysis - technical analysis stock stochastic screening, slow stochastic and fast stochastic, bullish and bearish stock market technical indicator.
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Accenture plc (ACN)

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Summary:
Weekly :Overbought sector
Daily :Relative Strength Index and Lane's Stochastic are overboughtStochastic has declined below the signal lineLane's Stochastic bearish divergenceThe price touches the upper Bollinger Band
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It was a third consecutive positive week for the Accenture plc (ACN). During the week, the ACN gained 13.69 points, or 4.72%, and closed at 303.60 on Friday, May 26, 2023. It was the best weekly gain since March 31, 2023. Weekly volume was 40% above 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 downtrend had started on December 29, 2021 at 417.37 and reached 242.80 on March 15, 2023. ACN lost 174.57 points, or 41.83%, in 63 weeks. The price is now at the 34.83% retracement level.

Medium-term trend: [See ACN medium-term trend chart]
A medium-term uptrend had started on March 15, 2023 at 242.80 and reached 308.60 on May 26, 2023. ACN gained -65.80 points, or -27.10%, in 10 weeks. The price is now at the 7.60% retracement 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 March 31, 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 May 24, 2023 at 284.90 and reached 308.60 on May 26, 2023. ACN gained -23.70 points, or -8.32%, in 2 days. The price is now at the 21.10% retracement level.

Daily Technical Indicators: [See ACN daily technical indicators chart]
Daily Relative Strength Index and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Daily Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic bearish 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 and Relative Strength Index help.

The daily MACD line is above its signal line since May 12, 2023. This is an indication that the short-term trend is up.

The price touches the upper Bollinger Band. 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) 89.00
Overbought
Williams' Percentage Range (W%R) 31.10
Lane's Stochastic (%D-Slow) 86.55
Overbought Bearish
Greed/Fear Indicator (GFI) 81.48
Overbought
Moving Average Converg./Diverg. (MACD) 2.94
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.89
Williams' Percentage Range (W%R) 22.20
Lane's Stochastic (%D-Slow) 74.71
Greed/Fear Indicator (GFI) 70.83
Moving Average Converg./Diverg. (MACD) -2.75
Trading Signals
Description Value Chart
Upper Bollinger Band 304.28
Daily Stochastic Crossing 304.04
Price 303.60
Weekly Stochastic Crossing 297.26
Parabolic System 289.29
20 Day Moving Average 279.50
50 Day Moving Average 277.24
Lower Bollinger Band 262.12
Sector and Industry
Description Name Rank
Sector Information Technology 12
Industry IT Consulting & Other Services 68
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 284.90
Low Date 05/24/2023
High 308.60
High Date 05/26/2023
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 284.90
Low Date 05/24/2023
High 308.60
High Date 05/26/2023
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 261.68
Low Date 05/09/2023
High 308.60
High Date 05/26/2023
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 242.80
Low Date 03/15/2023
High 308.60
High Date 05/26/2023
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.

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