The Greedy Trader Weekly Analysis
Sign In May 25, 2018
Skip Navigation Links
   Home
   AnalysisExpand    Analysis
   AlertsExpand    Alerts
   IndustriesExpand    Industries
   Stock PickExpand    Stock Pick
   MembersExpand    Members
   ResourcesExpand    Resources
   About UsExpand    About Us
TA Search
Monthly Pattern:Rising Wedge
Number of records: 7
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
Chart Analysis and Chart Pattern Recognition – Rising Wedge Pattern.
A rising wage pattern is a triangle formation with noticeable slant to the upside. It represents the loss of the upside momentum on each successive high and has a bearish bias. Rising wedges pattern usually marks a reversal in an uptrend. In a downtrend, the rising wedge is considered as a continuation pattern. As with other triangle formations, volume usually diminishes as price rise and then increases during the breakout.
Rising Wedge Screening page presents a list of stocks forming Rising Wedge Pattern.
Tips:
# 1
The rising wedge appears in a mature trend characterized by overbought long-term and short-term indicators. This situation usually generates divergence on long-term indicators.
# 2 For the best results, this chart pattern should be considered together with other technical analysis signals and technical trading techniques.
Rising Wedge Pattern,Rising Wedge,Rising Wedge Chart Pattern,Stock Charting, chart pattern, charts, pattern, technical analysis, signals, chart analysis, pattern recognition, screening, technical trading
Accenture plc
Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Overbought sectorBroken trend resistance lineBroken trend resistance line
Daily :Stochastic signal line moved below overbought area
Move cursor over the icon to see details.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 63.22
Williams' Percentage Range (W%R) 28.70
Lane's Stochastic (%D-Slow) 61.63
Greed/Fear Indicator (GFI) 65.37
Moving Average Converg./Diverg. (MACD) 0.37
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 51.45
Williams' Percentage Range (W%R) 54.20
Lane's Stochastic (%D-Slow) 38.79
Greed/Fear Indicator (GFI) 44.12
Moving Average Converg./Diverg. (MACD) 3.78
Trading Signals
Description Value Chart
Upper Bollinger Band 157.64
Daily Stochastic Crossing 155.37
Price 155.31
50 Day Moving Average 153.61
20 Day Moving Average 153.22
Parabolic System 152.64
Quarterly Trendline Resistance 151.00
Weekly Stochastic Crossing 150.55
Lower Bollinger Band 149.90
Quarterly Trendline Support 127.86
Yearly Trendline Support 126.74
Sector and Industry
Description Name Rank
Sector Services 9
Industry Management Services 69
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 148.43
Low Date 04/25/2018
High 157.65
High Date 05/14/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 146.05
Low Date 04/03/2018
High 157.65
High Date 05/14/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 165.58
High Date 02/27/2018
Low 146.05
Low Date 04/03/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 151.00
Support 127.86
Low 73.98
Low Date 10/15/2014
High 165.58
High Date 02/27/2018
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 96.60
Support 126.74
Low 17.74
Low Date 05/06/2010
High 165.58
High Date 02/27/2018
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.

Copyright© 2004-2016 All rights reserved.