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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
- 10/5/2018
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Accenture plc
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Summary:
Weekly :Overbought sectorWilliams' Percentage Range and Lane's Stochastic are overboughtBroken trend resistance lineBroken trend resistance line
Daily :The price has risen above the Parabolic SARThe price is close to the moving average in the center of the Bollinger BandsThe Bollinger Bands are historically close together
Move cursor over the icon to see details.

It was a first positive week for the Accenture plc (ACN). During the week, the ACN climbed 1.03 points, or 0.61%, and closed at 171.23 on Friday, October 05, 2018. Weekly volume was -13% 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 175.64 on September 21, 2018. ACN gained -157.90 points, or -890.08%, in 437 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (131.87) 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 175.64 on September 21, 2018. ACN gained -101.66 points, or -137.42%, in 205 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (136.50) 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 Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with 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 and Williams' Percentage Range help.

The weekly MACD line is above its signal line since August 24, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 September 27, 2018 at 168.70 and reached 174.82 on October 3, 2018. ACN gained -6.12 points, or -3.63%, in 6 days. The price is now at the 58.66% retracement level.

Daily Technical Indicators: [See ACN daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since September 25, 2018. 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 is close to the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands (3.29%) is close to one year low (3.14%). It is 51.16% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. 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) 50.61
Williams' Percentage Range (W%R) 59.20
Lane's Stochastic (%D-Slow) 60.96
Greed/Fear Indicator (GFI) 50.78
Moving Average Converg./Diverg. (MACD) 1.59
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.30
Williams' Percentage Range (W%R) 17.90
Overbought
Lane's Stochastic (%D-Slow) 88.97
Overbought
Greed/Fear Indicator (GFI) 74.68
Moving Average Converg./Diverg. (MACD) 4.04
Trading Signals
Description Value Chart
Monthly Trendline Resistance 180.60
Upper Bollinger Band 174.24
Weekly Stochastic Crossing 173.71
Daily Stochastic Crossing 172.30
20 Day Moving Average 172.09
Price 171.23
Parabolic System 168.78
Lower Bollinger Band 168.58
50 Day Moving Average 167.22
Monthly Trendline Support 164.62
Quarterly Trendline Resistance 159.01
Sector and Industry
Description Name Rank
Sector Services 8
Industry Management Services 142
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 168.70
Low Date 09/27/2018
High 174.82
High Date 10/03/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 157.84
Low Date 08/02/2018
High 175.64
High Date 09/21/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 180.60
Support 164.62
Low 146.05
Low Date 04/03/2018
High 175.64
High Date 09/21/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 159.01
Support 136.50
Low 73.98
Low Date 10/15/2014
High 175.64
High Date 09/21/2018
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 97.56
Support 131.87
Low 17.74
Low Date 05/06/2010
High 175.64
High Date 09/21/2018
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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