The Greedy Trader Weekly Analysis
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Accenture plc
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Summary:
Weekly :Stochastic signal line moved below overbought areaWeekly  MACD line has moved below its signal lineBroken trend resistance lineTrend resistance at 159.33
Daily :The price has fallen below the Parabolic SARLane's Stochastic is oversoldPrice has crossed below the 50 Day Moving AverageBroken trend support line
Move cursor over the icon to see details.

It was the negative week for the Accenture plc (ACN). During the week, the ACN dropped -11.79 points, or -6.89%, and closed at 159.44 on Friday, October 12, 2018. Weekly volume was 44% above average.

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 (132.14) 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 price is near the trend resistance line (159.33). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the 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 Lane's Stochastic signal line (%D) has moved below overbought area. 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 link to access Lane's Stochastic help.

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 uptrend had started on August 2, 2018 at 157.84 and reached 175.64 on September 21, 2018. ACN gained -17.80 points, or -11.28%, in 50 days. The chart has formed a Rising Pennant chart pattern. The uptrend support line (171.76) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. ACN may retest the broken support line. It is considered to be a resistance line now. 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 support in a short-term trend.

Daily Technical Indicators: [See ACN daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Lane's Stochastic.

The daily MACD line is below its signal line since September 25, 2018. The distance between MACD and the signal line is near its high and getting bigger.

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.

During the last week, the price has crossed below the 50 Day Moving Average. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 27.76
Williams' Percentage Range (W%R) 78.20
Lane's Stochastic (%D-Slow) 11.65
Oversold
Greed/Fear Indicator (GFI) 20.41
Moving Average Converg./Diverg. (MACD) 0.08
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 43.95
Williams' Percentage Range (W%R) 69.80
Lane's Stochastic (%D-Slow) 76.65
Greed/Fear Indicator (GFI) 50.48
Moving Average Converg./Diverg. (MACD) 4.10
Trading Signals
Description Value Chart
Upper Bollinger Band 178.01
Weekly Trendline Resistance 174.10
Weekly Trendline Support 171.76
Parabolic System 171.04
20 Day Moving Average 170.17
Weekly Stochastic Crossing 169.93
50 Day Moving Average 167.52
Price 159.44
Quarterly Trendline Resistance 159.33
Lower Bollinger Band 158.09
Daily Stochastic Crossing 156.98
Quarterly Trendline Support 136.82
Yearly Trendline Support 132.14
Sector and Industry
Description Name Rank
Sector Services 7
Industry Management Services 106
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 175.64
High Date 09/21/2018
Low 155.11
Low Date 10/11/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Pennant
Status Broken Support
Resistance 174.10
Support 171.76
Low 157.84
Low Date 08/02/2018
High 175.64
High Date 09/21/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
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 Test Resistance
Resistance 159.33
Support 136.82
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 97.61
Support 132.14
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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