ACN Technical Analysis - ACCENTURE PLC-CL A

Technical Rating and Analysis

Overall ACN gets a technical rating of 0 out of 10. ACN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

When comparing the yearly performance of all stocks, ACN is a bad performer in the overall market: 91% of all stocks are doing better.

ACN is one of the lesser performing stocks in the IT Services industry. 69% of 86 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.

In the last month ACN has a been trading in the 229.40 - 254.17 range, which is quite wide. It is currently trading near the lows of this range.

ACN has an average volume of 4979460 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

ACCENTURE PLC-CL A / ACN Weekly stock chart

ACCENTURE PLC-CL A / ACN Daily stock chart

Setup Rating and Analysis

Although the technical rating is bad, ACN does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

230.22

384.80

2 important support areas can be observed.

Support @238.38 from a horizontal line in the weekly time frame.
Support @232.55 from a horizontal line in the daily time frame.

We can see 4 important resistance areas.

A resistance zone ranging from 242.91 to 246.96. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A resistance zone ranging from 252.63 to 252.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @259.98 from a horizontal line in the weekly time frame.
Resistance @380.99 from a horizontal line in the weekly time frame.

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Technical Indicator Signal Analysis

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	9.51	NEGATIVE	ACN has a low relative strength, it was outperformed by 90.49% 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)	43.19	NEUTRAL	The RSI value for ACN is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.55	NEGATIVE	The MACD value suggests ACN has a negative trend.
Stochastics (14,3)	20.7	NEUTRAL	The Stochastics value for ACN is a neutral value.
Average True Range in percent/ATR (20)	2.93	MEDIUM VOLATILITY	The ATR as a percentage value for ACN suggests some volalility.
Average Directional Index/ADX (14)	18.83	NEGATIVE	The low ADX value for ACN suggests a weak or negative trend.