ACCENTURE PLC-CL A (ACN) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ACN - IE00B4BNMY34 - Common Stock
Taking everything into account, ACN scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, ACN is a bad performer.
ACN has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
230.22
We found 3 important support areas.
- Support @245.09 from a trend line in the daily time frame.
- A support zone ranging from 237.87 to 238.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @232.55 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 271.67 to 274.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 | UP | POSITIVE | The long term trend for ACN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ACN is up. |
| ChartMill Relative Strength | 27.98 | NEGATIVE | ACN has a low relative strength, it was outperformed by 72.02% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ACN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ACN is above the rising 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) | 59.82 | NEUTRAL | The RSI value for ACN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.71 | NEGATIVE | The MACD value suggests ACN has a negative trend. |
| Stochastics (14,3) | 46.43 | NEUTRAL | The Stochastics value for ACN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.42 | MEDIUM VOLATILITY | The ATR as a percentage value for ACN suggests some volalility. |
| Average Directional Index/ADX (14) | 34.8 | POSITIVE | The high ADX value value for ACN suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 274.68 | 261.49 | 13.19 (4.80%) | 20.82% |
| An entry @274.68. This is a Buy Stop order right above the resistance zone. | An exit @261.49. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 13.19 points, which is 4.80%. | For a 1.00% total portfolio risk, you can invest 20.82% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
271.09
+1.11 (+0.41%)
ACCENTURE PLC-CL A / ACN FAQ
What is the ChartMill technical rating of ACCENTURE PLC-CL A (ACN) stock?
ChartMill assigns a technical rating of 7 / 10 to ACN.
What is the current trend direction of ACCENTURE PLC-CL A (ACN) stock?
The current trend direction for ACCENTURE PLC-CL A (ACN) is Bullish.
What is the RSI signal for ACCENTURE PLC-CL A (ACN) stock?
ACCENTURE PLC-CL A (ACN) has an RSI value of 59.8166. This indicates that the stock is currently neutral.
What is the MACD signal for ACCENTURE PLC-CL A (ACN) stock?
The MACD indicator for ACCENTURE PLC-CL A (ACN) has a value of -0.712941, indicating a bearish trend.
What is the buy/sell signal for ACCENTURE PLC-CL A (ACN) stock?
The buy/sell signal for ACCENTURE PLC-CL A (ACN) is buy as both the short term and long term trends are positive.