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Quarterly 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
- 12/8/2017
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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 overbought
Daily :Broken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range and Lane's Stochastic are overboughtThe price has risen above the Parabolic SARThe price is above the upper Bollinger Band
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It was a first positive week for the Accenture plc (ACN). During the week, the ACN gained 3.96 points, or 2.70%, and closed at 150.53 on Friday, December 08, 2017. Weekly volume was -22% below average.

ACN is a member of Management Services Industry. Management Services is the sixth 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 150.59 on December 8, 2017. ACN gained -132.85 points, or -748.87%, in 396 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (120.91) 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 150.59 on December 8, 2017. ACN gained -76.61 points, or -103.56%, in 164 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (121.12) 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. 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 150.59 on December 8, 2017. ACN gained -35.77 points, or -31.15%, in 239 days. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (138.35) 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 short-term trend.

Daily Technical Indicators: [See ACN daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic.

The daily MACD line is below its signal line since November 28, 2017. The distance between MACD and the signal line is low and getting smaller.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 70.82
Williams' Percentage Range (W%R) 18.90
Overbought
Lane's Stochastic (%D-Slow) 83.34
Overbought
Greed/Fear Indicator (GFI) 78.43
Moving Average Converg./Diverg. (MACD) 1.76
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 85.83
Overbought
Williams' Percentage Range (W%R) 6.40
Strong Overbought
Lane's Stochastic (%D-Slow) 94.09
Strong Overbought
Greed/Fear Indicator (GFI) 84.45
Overbought
Moving Average Converg./Diverg. (MACD) 4.98
Trading Signals
Description Value Chart
Price 150.53
Daily Stochastic Crossing 150.05
Upper Bollinger Band 150.00
Weekly Stochastic Crossing 149.76
Weekly Trendline Resistance 149.32
20 Day Moving Average 146.91
Parabolic System 145.61
Quarterly Trendline Resistance 144.26
Lower Bollinger Band 143.41
50 Day Moving Average 142.61
Monthly Trendline Support 139.09
Weekly Trendline Support 138.35
Monthly Trendline Resistance 134.10
Quarterly Trendline Support 121.12
Yearly Trendline Support 120.91
Sector and Industry
Description Name Rank
Sector Services 7
Industry Management Services 158
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Low 132.27
Low Date 09/28/2017
High 150.59
High Date 12/08/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 149.32
Support 138.35
Low 114.82
Low Date 04/13/2017
High 150.59
High Date 12/08/2017
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 134.10
Support 139.09
Low 112.31
Low Date 02/01/2017
High 150.59
High Date 12/08/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 144.26
Support 121.12
Low 73.98
Low Date 10/15/2014
High 150.59
High Date 12/08/2017
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 95.51
Support 120.91
Low 17.74
Low Date 05/06/2010
High 150.59
High Date 12/08/2017
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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