The Greedy Trader Weekly Analysis
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Yearly Price vs. Trendline:Broken Resistance
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Trend Line Resistance Trend Line Support Resistance.

Trendline support resistance provides an excellent buy/sell signals in trending market. On an uptrend, buy around the support trend line level and place a stop order below the trend line support. Take profit on the trend line resistance level. Reverse the technique in a downtrend. Short around the resistance trend line level and place a stop order above the trend line resistance.

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- 9/13/2024 -
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Accenture plc (ACN) Technical Analysis

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Summary:
Weekly :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overbought
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtRelative Strength Index, Lane's Stochastic and MACD bearish divergenceThe price has risen above the Parabolic SAR
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It was a first positive week for the Accenture plc (ACN). During the week, the ACN gained 9.74 points, or 2.87%, and closed at 349.58 on Friday, September 13, 2024. On Friday ACN has reached 351.43 - the highest level since March 22, 2024. Weekly volume was -26% below average.

Long-term trend: [See ACN long-term trend chart]
A long-term uptrend had started on March 15, 2023 at 242.80 and reached 387.51 on March 7, 2024. ACN gained -144.71 points, or -59.60%, in 51 weeks. The price is now at the 26.21% retracement level.

Medium-term trend: [See ACN medium-term trend chart]
A medium-term uptrend had started on May 31, 2024 at 278.69 and reached 352.42 on September 12, 2024. ACN gained -73.73 points, or -26.46%, in 14 weeks. Price is near the trend high.

Weekly Technical Indicators: [See ACN weekly technical indicators chart]
Weekly 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 weekly 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 and Williams' Percentage Range help.

The weekly MACD line is above its signal line since July 19, 2024. This is an indication that the medium-term trend is up. 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 5, 2024 at 310.23 and reached 352.42 on September 12, 2024. ACN gained -42.19 points, or -13.60%, in 38 days. The price is now at the 6.73% retracement level.

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. Daily Relative Strength Index, Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index, Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Relative Strength Index help.

The daily MACD line is above its signal line since August 19, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 75.33
Bearish
Williams' Percentage Range (W%R) 4.50
Strong Overbought
Lane's Stochastic (%D-Slow) 85.01
Overbought Bearish
Greed/Fear Indicator (GFI) 85.27
Overbought
Moving Average Converg./Diverg. (MACD) 6.14 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 76.56
Williams' Percentage Range (W%R) 1.80
Strong Overbought
Lane's Stochastic (%D-Slow) 86.50
Overbought
Greed/Fear Indicator (GFI) 84.27
Overbought
Moving Average Converg./Diverg. (MACD) -2.66
Trading Signals
Description Value Chart
Upper Bollinger Band 352.98
Daily Stochastic Crossing 350.87
Price 349.58
Weekly Stochastic Crossing 348.94
Parabolic System 340.77
20 Day Moving Average 339.34
50 Day Moving Average 327.20
Lower Bollinger Band 325.53
Sector and Industry
Description Name Rank
Sector Information Technology 3
Industry IT Consulting & Other Services 102
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 336.76
Low Date 09/06/2024
High 352.42
High Date 09/12/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 310.23
Low Date 08/05/2024
High 352.42
High Date 09/12/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 278.69
Low Date 05/31/2024
High 352.42
High Date 09/12/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 387.51
High Date 03/07/2024
Low 278.69
Low Date 05/31/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 242.80
Low Date 03/15/2023
High 387.51
High Date 03/07/2024
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.