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Monthly Pattern:Rising Wedge
Number of records: 10
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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
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Summary:
Weekly :Overbought sectorWeekly  MACD line has moved below its signal lineBroken trend resistance lineBroken trend resistance line
Daily :Williams' Percentage Range is oversoldStochastic signal line moved above oversold areaA Parabolic SAR indicator is below and near the pricePrice is near the Fibonacci 23.6% retracement level
Move cursor over the icon to see details.

It was a first positive week after 3 consecutive negative weeks for the Accenture plc (ACN). During the week, the ACN climbed 0.31 points, or 0.19%, and closed at 160.68 on Friday, August 10, 2018. Weekly volume was -35% below average.

ACN is a member of Services Sector. Services is the second 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 168.95 on July 17, 2018. ACN gained -151.21 points, or -852.37%, in 427 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (129.81) 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 168.95 on July 17, 2018. ACN gained -94.97 points, or -128.37%, in 195 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (134.03) 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.

During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. 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 July 17, 2018 at 168.95 and reached 157.84 on August 2, 2018. ACN lost 11.11 points, or 6.58%, in 16 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See ACN daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold 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. 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 below its signal line since July 19, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

A Parabolic SAR (stop and reversal) indicator (161.08) comes close to the price (160.68). It indicates that the trend is getting weaker. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 29.57
Williams' Percentage Range (W%R) 80.10
Oversold
Lane's Stochastic (%D-Slow) 46.41
Greed/Fear Indicator (GFI) 31.95
Moving Average Converg./Diverg. (MACD) -0.44
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.67
Williams' Percentage Range (W%R) 38.90
Lane's Stochastic (%D-Slow) 68.10
Greed/Fear Indicator (GFI) 61.40
Moving Average Converg./Diverg. (MACD) 3.62
Trading Signals
Description Value Chart
Monthly Trendline Resistance 170.35
Upper Bollinger Band 168.43
Weekly Stochastic Crossing 163.65
20 Day Moving Average 163.21
50 Day Moving Average 162.75
Monthly Trendline Support 162.36
Parabolic System 161.08
Price 160.68
Daily Stochastic Crossing 159.93
Quarterly Trendline Resistance 156.54
Lower Bollinger Band 155.89
Quarterly Trendline Support 134.03
Yearly Trendline Support 129.81
Sector and Industry
Description Name Rank
Sector Services 8
Industry Management Services 103
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 157.84
Low Date 08/02/2018
High 161.91
High Date 08/07/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 168.95
High Date 07/17/2018
Low 157.84
Low Date 08/02/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 170.35
Support 162.36
Low 146.05
Low Date 04/03/2018
High 168.95
High Date 07/17/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 156.54
Support 134.03
Low 73.98
Low Date 10/15/2014
High 168.95
High Date 07/17/2018
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 97.17
Support 129.81
Low 17.74
Low Date 05/06/2010
High 168.95
High Date 07/17/2018
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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