ACCENTURE PLC CLASS A - Daily - Technical analysis published on 10/10/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Neutral
Technical indicators
44%
17%
39%
My opinion
Bearish under 322.58 USD
My targets
300.51 USD (-3.68%)
285.29 USD (-8.56%)
My analysis
The current short-term bearish acceleration registered on ACCENTURE PLC CLASS A should quickly allow the basic trend to return to a bearish trend. To avoid contradicting the short term, traders could favour short positions (for sale) as long as the price remains well below 322.58 USD. Short-term sellers will use the support located at 300.51 USD as an objective. A bearish break of this support would revive the bearish momentum. The next bearish objective would then be set at 285.29 USD. Crossing this support would then open the door for sellers to target 266.71 USD. Caution, if there is a return to below 322.58 USD, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend buyers, many of whom will certainly benefit from this movement.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
0.9
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ACCENTURE PLC CLASS A rating 311.98 USD. The price registered a decrease of -0.01% on the session and was between 311.56 USD and 315.43 USD. This implies that the price is at +0.13% from its lowest and at -1.09% from its highest.311.56
315.43
311.98
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this ACCENTURE PLC CLASS A chart shows a neutral trend. The strong bearish signals currently being given by short-term moving averages could allow the overall trend to return to a bearish trend. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, only 8 technical indicators out of 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : Daily
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 266.71 | 285.29 | 300.51 | 311.98 | 312.29 | 322.58 | 406.67 |
| Change (%) | -14.51% | -8.56% | -3.68% | - | +0.10% | +3.40% | +30.35% |
| Change | -45.27 | -26.69 | -11.47 | - | +0.31 | +10.60 | +94.69 |
| Level | Intermediate | Intermediate | Major | - | Intermediate | Major | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 304.49 | 306.42 | 309.22 | 311.15 | 313.95 | 315.88 | 318.68 |
| Camarilla | 310.71 | 311.14 | 311.58 | 312.01 | 312.44 | 312.88 | 313.31 |
| Woodie | 304.92 | 306.64 | 309.65 | 311.37 | 314.38 | 316.10 | 319.11 |
| Fibonacci | 306.42 | 308.23 | 309.35 | 311.15 | 312.96 | 314.08 | 315.88 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 296.50 | 300.80 | 306.50 | 310.80 | 316.50 | 320.80 | 326.50 |
| Camarilla | 309.44 | 310.36 | 311.27 | 312.19 | 313.11 | 314.02 | 314.94 |
| Woodie | 297.19 | 301.15 | 307.19 | 311.15 | 317.19 | 321.15 | 327.19 |
| Fibonacci | 300.80 | 304.62 | 306.98 | 310.80 | 314.62 | 316.98 | 320.80 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 254.98 | 274.74 | 290.92 | 310.68 | 326.86 | 346.62 | 362.80 |
| Camarilla | 297.23 | 300.52 | 303.82 | 307.11 | 310.41 | 313.70 | 316.99 |
| Woodie | 253.20 | 273.85 | 289.14 | 309.79 | 325.08 | 345.73 | 361.02 |
| Fibonacci | 274.74 | 288.47 | 296.95 | 310.68 | 324.41 | 332.89 | 346.62 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 48.36 | |
| MACD (12,26,9): | -1.6500 | |
| Directional Movement: | -2.68 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 310.16 | |
| Parabolic SAR (0,02-0,02-0,2): | 297.03 | |
| Elder Ray (13): | 2.27 | |
| Super Trend (3,10): | 321.60 | |
| Zig ZAG (10): | 311.65 | |
| VORTEX (21): | 0.8700 | |
| Stochastique (14,3,5): | 64.67 | |
| TEMA (21): | 308.56 | |
| Williams %R (14): | -28.17 | |
| Chande Momentum Oscillator (20): | -4.21 | |
| Repulse (5,40,3): | 0.5300 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0900 | |
| Courbe Coppock: | 3.92 |
| MA7: | 309.93 | |
| MA20: | 312.02 | |
| MA50: | 314.72 | |
| MA100: | 311.27 | |
| MAexp7: | 310.77 | |
| MAexp20: | 312.22 | |
| MAexp50: | 312.88 | |
| MAexp100: | 307.71 | |
| Price / MA7: | +0.66% | |
| Price / MA20: | -0.01% | |
| Price / MA50: | -0.87% | |
| Price / MA100: | +0.23% | |
| Price / MAexp7: | +0.39% | |
| Price / MAexp20: | -0.08% | |
| Price / MAexp50: | -0.29% | |
| Price / MAexp100: | +1.39% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
The last news published on ACCENTURE PLC CLASS A at the time of the generation of this analysis was as follows:
- Accenture Completes Acquisition of Anser Advisory
- Accenture Announces Leadership Appointments
- Accenture Expands Technology Strategy Capabilities with Acquisition of Strongbow Consulting
- FSS Government Solutions Named 2023 Small Business of the Year by Accenture Federal Services
- Accenture Federal Services Wins $94M U.S. Army Identity, Credential, and Access Management (ICAM) Contract
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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