The Greedy Trader Weekly Analysis
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Accenture plc (ACN)

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Summary:
Weekly :Broken trend support lineLane's Stochastic is oversold
Daily :The price has fallen below the Parabolic SARDaily  MACD line has moved above its signal linePrice is near the Fibonacci 23.6% retracement levelThe period of high volatility of the stock price
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It was a first positive week after 5 consecutive negative weeks for the Accenture plc (ACN). During the week, the ACN gained 12.94 points, or 8.63%, and closed at 162.88 on Friday, March 27, 2020. Weekly volume was 86% 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 216.39 on February 19, 2020. ACN gained -198.65 points, or -1119.79%, in 510 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 148.27 and resistance is at 202.04. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.

Medium-term trend: [See ACN medium-term trend chart]
A medium-term uptrend had started on December 26, 2018 at 132.63 and reached 216.39 on February 19, 2020. ACN gained -83.76 points, or -63.15%, in 60 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (207.35) is broken. A broken support is considered to be a long-term bearish signal. 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 medium-term trend.

Weekly Technical Indicators: [See ACN weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 link to access Lane's Stochastic help.

The weekly MACD line is below its signal line since February 21, 2020. The distance between MACD and the signal line is near its high and getting bigger. 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 March 23, 2020 at 137.15 and reached 171.60 on March 26, 2020. ACN gained -34.45 points, or -25.12%, in 3 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

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

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

The distance between the Bollinger Bands is 281.84% higher then one year average. It indicates the period of high volatility of the stock price. 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) 49.56
Williams' Percentage Range (W%R) 49.10
Lane's Stochastic (%D-Slow) 49.61
Greed/Fear Indicator (GFI) 50.01
Moving Average Converg./Diverg. (MACD) -11.72
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 24.28
Williams' Percentage Range (W%R) 64.80
Lane's Stochastic (%D-Slow) 17.39
Oversold
Greed/Fear Indicator (GFI) 31.27
Moving Average Converg./Diverg. (MACD) 1.75
Trading Signals
Description Value Chart
Upper Bollinger Band 194.17
50 Day Moving Average 190.70
Parabolic System 174.81
20 Day Moving Average 165.06
Price 162.88
Daily Stochastic Crossing 160.72
Weekly Stochastic Crossing 152.82
Yearly Trendline Support 148.27
Lower Bollinger Band 140.33
Sector and Industry
Description Name Rank
Sector Financials 5
Industry Residential REITs 65
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 137.15
Low Date 03/23/2020
High 171.60
High Date 03/26/2020
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 137.15
Low Date 03/23/2020
High 171.60
High Date 03/26/2020
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 216.39
High Date 02/19/2020
Low 137.15
Low Date 03/23/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 219.64
Support 207.35
Low 132.63
Low Date 12/26/2018
High 216.39
High Date 02/19/2020
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 202.04
Support 148.27
Low 17.74
Low Date 05/06/2010
High 216.39
High Date 02/19/2020
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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