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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
- 7/13/2018
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Accenture plc
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Summary:
Weekly :Overbought sectorOverbought industryBroken uptrend resistance line - uptrend exhaustionBroken uptrend resistance line - uptrend exhaustionRelative Strength Index and Lane's Stochastic are overboughtWilliams' Percentage Range is strongly overbought
Daily :Williams' Percentage Range and Lane's Stochastic are strongly overbought
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It was a third consecutive positive week for the Accenture plc (ACN). During the week, the ACN gained 3.58 points, or 2.18%, and closed at 168.09 on Friday, July 13, 2018. Weekly volume was -21% below average.

ACN is a member of Services Sector. Services is the second most overbought sector. 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 168.50 on July 13, 2018. ACN gained -150.76 points, or -849.83%, in 427 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (128.75) 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 168.50 on July 13, 2018. ACN gained -94.52 points, or -127.76%, in 195 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (132.76) 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 and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. 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 June 15, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 June 27, 2018 at 155.30 and reached 168.50 on July 13, 2018. ACN gained -13.20 points, or -8.50%, in 16 days. Price is near the trend high.

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

The daily MACD line is above its signal line since July 2, 2018. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 69.35
Williams' Percentage Range (W%R) 5.70
Strong Overbought
Lane's Stochastic (%D-Slow) 92.55
Strong Overbought
Greed/Fear Indicator (GFI) 85.41
Overbought
Moving Average Converg./Diverg. (MACD) 1.77
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 82.37
Overbought
Williams' Percentage Range (W%R) 3.30
Strong Overbought
Lane's Stochastic (%D-Slow) 85.71
Overbought
Greed/Fear Indicator (GFI) 80.29
Overbought
Moving Average Converg./Diverg. (MACD) 3.28
Trading Signals
Description Value Chart
Upper Bollinger Band 170.67
Price 168.09
Daily Stochastic Crossing 168.01
Monthly Trendline Resistance 166.56
Weekly Stochastic Crossing 165.94
20 Day Moving Average 162.92
Parabolic System 160.97
50 Day Moving Average 159.39
Monthly Trendline Support 159.28
Lower Bollinger Band 156.32
Quarterly Trendline Resistance 155.28
Sector and Industry
Description Name Rank
Sector Services 8
Industry Management Services 155
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 155.30
Low Date 06/27/2018
High 168.50
High Date 07/13/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 155.30
Low Date 06/27/2018
High 168.50
High Date 07/13/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 166.56
Support 159.28
Low 146.05
Low Date 04/03/2018
High 168.50
High Date 07/13/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 155.28
Support 132.76
Low 73.98
Low Date 10/15/2014
High 168.50
High Date 07/13/2018
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 96.98
Support 128.75
Low 17.74
Low Date 05/06/2010
High 168.50
High Date 07/13/2018
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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