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Weekly Pattern:Rising Channel
Number of records: 15
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Channeling Stock - rising channel and falling channel.
Stock channeling technique is one of the most efficient and widely used trading technique. Price channel represents price movement bound by parallel lower (support) and upper (resistance) trend lines. Channels with rising trend lines (rising channel) are considered bullish and the falling channel is considered as bearish . Channels are continuation formations as far as support and resistance are not broken.
Trading technique:
# 1
Buy channeling stock on support and sell on resistance.
# 2 For bullish channel: sell channeling stock when price breakes the stock channeling support line. For bearish channel: buy channeling stock when price breaks the resistance line.
Tips:
# 1 For the best results, stock channeling should be considered together with other technical analysis signals and technical trading techniques.
Estimated Target: the main trend support/resistance line.
channeling stock,stock channeling,rising channel,falling channel,Price Channel
Archive
- 2/9/2018
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Accenture plc
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Summary:
Weekly :Overbought sectorLane's Stochastic is overboughtBroken trend resistance lineBroken trend resistance line
Daily :Broken trend support linePrice has crossed below the 50 Day Moving AverageBullish Harami Candlestick
Move cursor over the icon to see details.

It was the negative week for the Accenture plc (ACN). During the week, the ACN dropped -3.06 points, or -1.95%, and closed at 153.84 on Friday, February 09, 2018. Weekly volume was 71% above 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 162.60 on January 29, 2018. ACN gained -144.86 points, or -816.57%, in 403 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (123.14) 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 162.60 on January 29, 2018. ACN gained -88.62 points, or -119.79%, in 171 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (123.70) 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 Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 link to access Lane's Stochastic help.

The weekly MACD line is above its signal line since May 19, 2017. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend 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 April 13, 2017 at 114.82 and reached 162.60 on January 29, 2018. ACN gained -47.78 points, or -41.61%, in 291 days. The chart has formed a Rising Channel chart pattern. The uptrend support line (157.79) 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 short-term trend.

Daily Technical Indicators: [See ACN daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since January 23, 2018. The distance between MACD and the signal line is near its high and getting bigger.

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.

Candlestick pattern: [See ACN candlestick chart pattern]
On Friday the chart has formed a Bullish Harami Candlestick pattern. A Bullish Harami indicates that the bearish trend may be reversing, it signals that it's a good time to enter into a long position. Use the Technical Stock Screener to see the list of stocks that had a Bullish Harami Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 35.83
Williams' Percentage Range (W%R) 79.00
Lane's Stochastic (%D-Slow) 28.33
Greed/Fear Indicator (GFI) 28.39
Moving Average Converg./Diverg. (MACD) 0.68
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 65.69
Williams' Percentage Range (W%R) 36.00
Lane's Stochastic (%D-Slow) 82.35
Overbought
Greed/Fear Indicator (GFI) 67.82
Moving Average Converg./Diverg. (MACD) 7.08
Trading Signals
Description Value Chart
Upper Bollinger Band 163.66
Weekly Stochastic Crossing 159.63
20 Day Moving Average 158.61
Weekly Trendline Support 157.79
Weekly Trendline Resistance 157.15
Parabolic System 156.25
50 Day Moving Average 154.99
Price 153.84
Daily Stochastic Crossing 152.87
Lower Bollinger Band 149.86
Quarterly Trendline Resistance 146.84
Monthly Trendline Support 145.52
Monthly Trendline Resistance 144.27
Quarterly Trendline Support 123.70
Yearly Trendline Support 123.14
Sector and Industry
Description Name Rank
Sector Services 9
Industry Management Services 148
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 162.60
High Date 01/29/2018
Low 148.79
Low Date 02/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 157.15
Support 157.79
Low 114.82
Low Date 04/13/2017
High 162.60
High Date 01/29/2018
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 144.27
Support 145.52
Low 112.31
Low Date 02/01/2017
High 162.60
High Date 01/29/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 146.84
Support 123.70
Low 73.98
Low Date 10/15/2014
High 162.60
High Date 01/29/2018
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 95.93
Support 123.14
Low 17.74
Low Date 05/06/2010
High 162.60
High Date 01/29/2018
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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