ACCENTURE PLC-CL A (ACN) Stock Technical Analysis
NYSE:ACN - New York Stock Exchange, Inc. - IE00B4BNMY34 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to ACN. ACN's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, ACN is a bad performer in the overall market: 82% of all stocks are doing better.
ACN is one of the lesser performing stocks in the IT Services industry. 64% of 82 stocks in the same industry do better.
ACN is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
ACN is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
ACN has an average volume of 3394820 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
ACN has a poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
273.30
384.80
When analyzing the support we can see 2 important areas.
- A support zone ranging from 281.05 to 283.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @276.06 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 296.54 to 298.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 316.33 to 317.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 323.21 to 323.22. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @380.99 from a horizontal line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for ACN is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ACN is down. |
| ChartMill Relative Strength | 18.47 | NEGATIVE | ACN has a low relative strength, it was outperformed by 81.53% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ACN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ACN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ACN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.82 | NEUTRAL | The RSI value for ACN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.33 | NEGATIVE | The MACD value suggests ACN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 25.12 | NEUTRAL | The Stochastics value for ACN is a neutral value. |
| Average True Range in percent/ATR (20) | 1.93 | LOW VOLATILITY | The low ATR as a percentage value for ACN suggests low volalility. |
| Average Directional Index/ADX (14) | 27.39 | POSITIVE | The high ADX value value for ACN suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
286.96
+4.51 (+1.6%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg1.6%
1 Week3.94%
2 Weeks-5.4%
1 Month-2.73%
3 Month-2.19%
6 Month-20.82%
12 Month-12.63%
2 Year-9.29%
3 Year-6.3%
5 Year27.66%
10 Year178.31%
15 Year623.92%
Volatility
ATR(14)5.63
ATR(20)%1.93%
ATR Inc-33.48%
Range Today5.27
ADR(20)5.24
ADR(20)%1.83%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS18.47
Mansfield-2.05
10 Day High304.19
10 Day Low275.96
20 Day High307.77
20 Day Low275.96
52 Week High398.35
52 Week Low273.19
CS1 End283.71
CR1 Start296.54
Volume & EV
DER(3)-0.94%
DER(5)-0.77%
Volume3.61M
Volume Incr-14.29%
Vol(5)3.49M
Vol(50)3.39M