The Greedy Trader Weekly Analysis
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Yearly Price vs. Fibonacci:Near 50.0% retracement level
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Stock market trading indicator and technical analysis stock screen presents technical stock market timing signals for technical investment analysis like screen stochastic or moving average trading system.. Screen includes following popular indicators and trading systems: Relative Strength Index (RSI), Williams' Percentage Range (W%R) and Lane's Stochastic (%D–Slow), moving average, macd convergence divergence, bullish and bearish divergence. For the best result different technical indicators should be analyzed in different time frames together with trend analysis, sector/industry ranking and stock timing alerts.

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- 4/26/2024 -
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Accenture plc (ACN) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are oversoldBroken trend support line
Daily :Relative Strength Index and Williams' Percentage Range are oversoldStochastic signal line moved above oversold areaDaily  MACD line has moved above its signal line
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It was the negative week for the Accenture plc (ACN). During the week, the ACN dropped -8.87 points, or -2.80%, and closed at 308.01 on Friday, April 26, 2024. Weekly volume was 44% 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 (324.52) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. ACN may retest the broken support line. It is considered to be a resistance 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 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 305.35 on April 25, 2024. ACN lost 82.16 points, or 21.20%, in 7 weeks. Price is near the trend low.

Weekly Technical Indicators: [See ACN weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range and 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 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 near its high and getting bigger. It indicates that the current medium-term downtrend is strong. Use the following link to access a MACD help.

Short-term trend: [See ACN short-term trend chart]
A short-term downtrend had started on April 24, 2024 at 310.69 and reached 305.35 on April 25, 2024. ACN lost 5.34 points, or 1.72%, in 1 days. The price is now at the 49.81% retracement level.

Daily Technical Indicators: [See ACN daily technical indicators chart]
Daily Relative Strength Index and Williams' Percentage Range are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Relative Strength Index and Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Use the following link to access Relative Strength Index help.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 19.48
Oversold
Williams' Percentage Range (W%R) 89.80
Oversold
Lane's Stochastic (%D-Slow) 25.89
Greed/Fear Indicator (GFI) 18.54
Oversold
Moving Average Converg./Diverg. (MACD) -11.41
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 26.36
Williams' Percentage Range (W%R) 95.10
Strong Oversold
Lane's Stochastic (%D-Slow) 6.99
Strong Oversold
Greed/Fear Indicator (GFI) 16.97
Oversold
Moving Average Converg./Diverg. (MACD) 9.92
Trading Signals
Description Value Chart
50 Day Moving Average 350.16
Upper Bollinger Band 343.33
Quarterly Trendline Support 324.52
20 Day Moving Average 322.10
Parabolic System 318.97
Weekly Stochastic Crossing 309.62
Daily Stochastic Crossing 308.89
Price 308.01
Lower Bollinger Band 304.80
Sector and Industry
Description Name Rank
Sector Information Technology 6
Industry IT Consulting & Other Services 19
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 310.69
High Date 04/24/2024
Low 305.35
Low Date 04/25/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 310.69
High Date 04/24/2024
Low 305.35
Low Date 04/25/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 387.51
High Date 03/07/2024
Low 305.35
Low Date 04/25/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Support
Resistance 403.62
Support 324.52
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.