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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
Archive
- 12/1/2017
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Accenture plc
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Summary:
Weekly :Overbought industryBroken uptrend resistance line - uptrend exhaustionBroken uptrend resistance line - uptrend exhaustionRelative Strength Index is overboughtWilliams' Percentage Range and Lane's Stochastic are strongly overboughtStochastic has declined below the signal line
Daily :Williams' Percentage Range is overboughtRelative Strength Index and Lane's Stochastic bearish divergenceDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SAR
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It was the negative week for the Accenture plc (ACN). During the week, the ACN gave back -1.06 points, or -0.72%, and closed at 146.57 on Friday, December 01, 2017. It was the worst weekly loss since September 29, 2017. ACN was trading at average weekly trading volume.

ACN is a member of Management Services Industry. Management Services is the ninth most overbought industry. 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 148.60 on November 30, 2017. ACN gained -130.86 points, or -737.66%, in 395 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (120.65) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 148.60 on November 30, 2017. ACN gained -74.62 points, or -100.87%, in 163 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (120.82) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index or strongly overbought weekly Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range 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 near its high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. 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 148.60 on November 30, 2017. ACN gained -33.78 points, or -29.42%, in 231 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 137.49 and resistance is at 148.46. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a short-term trend.

Daily Technical Indicators: [See ACN daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. Daily Relative Strength Index and Lane's Stochastic have bearish divergence. Use the following links to access the Relative Strength Index and Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index and Lane's Stochastic bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.

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

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. 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) 59.32
Bearish
Williams' Percentage Range (W%R) 14.30
Overbought
Lane's Stochastic (%D-Slow) 72.62
Bearish
Greed/Fear Indicator (GFI) 72.56
Moving Average Converg./Diverg. (MACD) 1.95
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 84.01
Overbought
Williams' Percentage Range (W%R) 3.90
Strong Overbought
Lane's Stochastic (%D-Slow) 93.96
Strong Overbought
Greed/Fear Indicator (GFI) 84.08
Overbought
Moving Average Converg./Diverg. (MACD) 4.75
Trading Signals
Description Value Chart
Upper Bollinger Band 148.83
Parabolic System 148.50
Weekly Trendline Resistance 148.46
Weekly Stochastic Crossing 147.77
Daily Stochastic Crossing 147.59
Price 146.57
20 Day Moving Average 145.80
Quarterly Trendline Resistance 143.96
Lower Bollinger Band 142.27
50 Day Moving Average 141.48
Monthly Trendline Support 138.33
Weekly Trendline Support 137.49
Monthly Trendline Resistance 133.88
Quarterly Trendline Support 120.82
Yearly Trendline Support 120.65
Sector and Industry
Description Name Rank
Sector Services 4
Industry Management Services 155
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Low 132.27
Low Date 09/28/2017
High 148.60
High Date 11/30/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 148.46
Support 137.49
Low 114.82
Low Date 04/13/2017
High 148.60
High Date 11/30/2017
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 133.88
Support 138.33
Low 112.31
Low Date 02/01/2017
High 148.60
High Date 11/30/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 143.96
Support 120.82
Low 73.98
Low Date 10/15/2014
High 148.60
High Date 11/30/2017
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 95.46
Support 120.65
Low 17.74
Low Date 05/06/2010
High 148.60
High Date 11/30/2017
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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