The Greedy Trader Weekly Analysis
Sign In Jul 26, 2024
Skip Navigation Links
TA Search
Share
Price vs. Upper Bollinger Band:Crossover
Number of records: 10
Symbol:  

• Symbol Lookup
• View Technical Chart
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals

Bollinger Band crossover - Stock market timing signal.

The Bollinger bands indicator developed by John Bollinger in the early 1980s is one of the most popular and powerful trading tools. These bands are charted two standard deviations away from a simple moving average, and they provide a relative definition of high and low. Bollinger bands trading technique uses one band as an entry point exit of the other. The center band presents a neutral support/resistance level. As with most indicators, signals generated by bollinger band crossover should be confirmed using complimentary indicators.

Advanced TA Search

Archive
- 7/19/2024 -
Sign In to see current Signals.

Accenture plc (ACN) Technical Analysis

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Broken trend support lineBroken trend resistance line
Daily :Williams' Percentage Range is overboughtLane's Stochastic is strongly overbought
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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 76.42
Williams' Percentage Range (W%R) 11.30
Overbought
Lane's Stochastic (%D-Slow) 90.66
Strong Overbought
Greed/Fear Indicator (GFI) 85.27
Overbought
Moving Average Converg./Diverg. (MACD) 3.75
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.20
Williams' Percentage Range (W%R) 51.80
Lane's Stochastic (%D-Slow) 60.56
Greed/Fear Indicator (GFI) 53.97
Moving Average Converg./Diverg. (MACD) -8.58
Trading Signals
Description Value Chart
Quarterly Trendline Support 341.10
Daily Stochastic Crossing 331.51
Upper Bollinger Band 330.67
Price 329.19
Weekly Stochastic Crossing 318.67
20 Day Moving Average 308.66
Parabolic System 306.85
50 Day Moving Average 301.44
Lower Bollinger Band 289.04
Sector and Industry
Description Name Rank
Sector Information Technology 7
Industry IT Consulting & Other Services 83
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
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 278.69
Low Date 05/31/2024
High 336.25
High Date 07/18/2024
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
Quarterly Trend
Yearly Trend
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
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.