ACCENTURE PLC-CL A (ACN) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ACN - IE00B4BNMY34 - Common Stock
We assign a technical rating of 2 out of 10 to ACN. In the past year, ACN was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
Although the technical rating is bad, ACN does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 250.24. Right above this resistance zone may be a good entry point. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
4 important support areas can be observed.
- Support @249.45 from a trend line in the daily time frame.
- A support zone ranging from 244.94 to 245.43. This zone is formed by a combination of multiple trend lines and important moving averages 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.
3 important resistance areas can be observed.
- A resistance zone ranging from 250.24 to 253.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @259.97 from a horizontal line 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 | NEUTRAL | NEUTRAL | The short term trend for ACN is neutral. |
| ChartMill Relative Strength | 17.62 | NEGATIVE | ACN has a low relative strength, it was outperformed by 82.38% 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) | 54.44 | NEUTRAL | The RSI value for ACN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.64 | POSITIVE | The MACD value suggests ACN has a positive trend. |
| Stochastics (14,3) | 70.11 | NEUTRAL | The Stochastics value for ACN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.55 | MEDIUM VOLATILITY | The ATR as a percentage value for ACN suggests some volalility. |
| Average Directional Index/ADX (14) | 14 | NEGATIVE | The low ADX value for ACN suggests a weak or negative trend. |
250
+2.15 (+0.87%)
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 2 / 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 Bearish.
What is the RSI signal for ACCENTURE PLC-CL A (ACN) stock?
ACCENTURE PLC-CL A (ACN) has an RSI value of 54.4359. 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 0.644614, indicating a bearish trend.