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|It was the negative week for the Accenture plc (ACN). During the week, the ACN dropped -1.77 points, or -1.13%, and closed at 155.31 on Friday, May 18, 2018. Weekly volume was -17% below average. |
ACN is a member of Services Sector. Services 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 uptrend had started on May 6, 2010 at 17.74 and reached 165.58 on February 27, 2018. ACN gained -147.84 points, or -833.37%, in 407 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (126.74) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 15, 2014 at 73.98 and reached 165.58 on February 27, 2018. ACN gained -91.60 points, or -123.82%, in 175 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (127.86) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 2, 2018. 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 April 3, 2018 at 146.05 and reached 157.65 on May 14, 2018. ACN gained -11.60 points, or -7.94%, in 41 days. The price is now at the 20.17% 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 April 11, 2018. 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.