The Greedy Trader Weekly Analysis
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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

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- 10/16/2026 -
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Accenture plc (ACN) Technical Analysis

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Summary:
Weekly :Overbought sectorRelative Strength Index is overboughtWilliams' Percentage Range is strongly overboughtLane's Stochastic bearish divergenceBroken trend resistance line
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overbought
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It was a third positive week after 4 consecutive negative weeks for the Accenture plc (ACN). During the week, the ACN gained 20.62 points, or 9.86%, and closed at 229.68 on Friday, October 16, 2026. Weekly volume was 13% above average.

ACN is a member of Information Technology Sector. Information Technology is the 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 downtrend had started on February 5, 2025 at 398.40 and reached 118.15 on June 22, 2026. ACN lost 280.25 points, or 70.34%, in 71 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend resistance line (68.57) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. ACN may retest the broken resistance line. It is considered to be a support 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 resistance line in a long-term trend.

Medium-term trend: [See ACN medium-term trend chart]
A medium-term uptrend had started on June 22, 2026 at 118.15 and reached 231.36 on October 16, 2026. ACN gained -113.21 points, or -95.82%, in 16 weeks. Price is near the trend high.

Weekly Technical Indicators: [See ACN weekly technical indicators chart]
Weekly Relative Strength Index is 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 or strongly overbought weekly Williams' Percentage Range. Weekly Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since July 24, 2026. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. 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 29, 2026 at 172.11 and reached 231.36 on October 16, 2026. ACN gained -59.25 points, or -34.43%, in 17 days. Price is near the trend high.

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

The daily MACD line is above its signal line since September 30, 2026. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 78.87
Williams' Percentage Range (W%R) 4.60
Strong Overbought
Lane's Stochastic (%D-Slow) 81.34
Overbought
Greed/Fear Indicator (GFI) 85.19
Overbought
Moving Average Converg./Diverg. (MACD) 7.30
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 88.88
Overbought
Williams' Percentage Range (W%R) 2.40
Strong Overbought
Lane's Stochastic (%D-Slow) 73.36
Bearish
Greed/Fear Indicator (GFI) 79.11
Moving Average Converg./Diverg. (MACD) -8.01
Trading Signals
Description Value Chart
Upper Bollinger Band 236.27
Price 229.68
Daily Stochastic Crossing 224.90
Weekly Stochastic Crossing 213.35
Quarterly Trendline Resistance 204.70
20 Day Moving Average 197.68
Parabolic System 193.89
50 Day Moving Average 189.18
Lower Bollinger Band 168.92
Sector and Industry
Description Name Rank
Sector Information Technology 9
Industry IT Consulting & Other Services 113
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 192.58
Low Date 10/06/2026
High 231.36
High Date 10/16/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 172.11
Low Date 09/29/2026
High 231.36
High Date 10/16/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 118.15
Low Date 06/22/2026
High 231.36
High Date 10/16/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Broken Resistance
Resistance 204.70
Support 68.57
High 398.40
High Date 02/05/2025
Low 118.15
Low Date 06/22/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 417.37
High Date 12/29/2021
Low 118.15
Low Date 06/22/2026
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.