ACCENTURE PLC CLASS A - 1H - Technical analysis published on 01/04/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
6%
72%
22%
My opinion
Bearish under 339.50 USD
My targets
335.71 USD (-0.54%)
332.07 USD (-1.62%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on ACCENTURE PLC CLASS A as long as the price remains well below 339.50 USD. The sellers' bearish objective is set at 335.71 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 332.07 USD. In case of crossing, the next objective would be the support located at 328.20 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
7.5
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
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 337.54 USD. On the day, this instrument lost -0.11% and was between 336.53 USD and 339.80 USD. This implies that the price is at +0.30% from its lowest and at -0.67% from its highest.336.53
339.80
337.54
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of ACCENTURE PLC CLASS A in 1H shows a overall strongly bearish trend. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a strong bearish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 328.20 | 332.07 | 335.71 | 337.54 | 339.50 | 346.96 | 351.54 |
| Change (%) | -2.77% | -1.62% | -0.54% | - | +0.58% | +2.79% | +4.15% |
| Change | -9.34 | -5.47 | -1.83 | - | +1.96 | +9.42 | +14.00 |
| Level | Major | Major | Minor | - | Intermediate | Intermediate | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 329.47 | 333.50 | 335.71 | 339.74 | 341.95 | 345.98 | 348.19 |
| Camarilla | 336.20 | 336.78 | 337.35 | 337.92 | 338.49 | 339.06 | 339.64 |
| Woodie | 328.56 | 333.05 | 334.80 | 339.29 | 341.04 | 345.53 | 347.28 |
| Fibonacci | 333.50 | 335.88 | 337.36 | 339.74 | 342.12 | 343.60 | 345.98 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 342.48 | 345.96 | 348.43 | 351.91 | 354.38 | 357.86 | 360.33 |
| Camarilla | 349.27 | 349.82 | 350.37 | 350.91 | 351.46 | 352.00 | 352.55 |
| Woodie | 341.99 | 345.71 | 347.94 | 351.66 | 353.89 | 357.61 | 359.84 |
| Fibonacci | 345.96 | 348.23 | 349.63 | 351.91 | 354.18 | 355.58 | 357.86 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 313.47 | 322.74 | 336.83 | 346.10 | 360.19 | 369.46 | 383.55 |
| Camarilla | 344.49 | 346.63 | 348.77 | 350.91 | 353.05 | 355.19 | 357.33 |
| Woodie | 315.87 | 323.95 | 339.23 | 347.31 | 362.59 | 370.67 | 385.95 |
| Fibonacci | 322.74 | 331.67 | 337.18 | 346.10 | 355.03 | 360.54 | 369.46 |
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): | 23.69 | |
| MACD (12,26,9): | -3.3100 | |
| Directional Movement: | -29.70 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 337.58 | |
| Parabolic SAR (0,02-0,02-0,2): | 339.15 | |
| Elder Ray (13): | -2.81 | |
| Super Trend (3,10): | 341.90 | |
| Zig ZAG (10): | 337.08 | |
| VORTEX (21): | 0.6300 | |
| Stochastique (14,3,5): | 4.59 | |
| TEMA (21): | 335.67 | |
| Williams %R (14): | -94.64 | |
| Chande Momentum Oscillator (20): | -10.05 | |
| Repulse (5,40,3): | -0.3500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1300 | |
| Courbe Coppock: | 5.08 |
| MA7: | 347.38 | |
| MA20: | 344.07 | |
| MA50: | 328.62 | |
| MA100: | 320.68 | |
| MAexp7: | 338.24 | |
| MAexp20: | 341.74 | |
| MAexp50: | 345.17 | |
| MAexp100: | 344.72 | |
| Price / MA7: | -2.83% | |
| Price / MA20: | -1.90% | |
| Price / MA50: | +2.71% | |
| Price / MA100: | +5.26% | |
| Price / MAexp7: | -0.21% | |
| Price / MAexp20: | -1.23% | |
| Price / MAexp50: | -2.21% | |
| Price / MAexp100: | -2.08% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
Don't forget to follow the news on ACCENTURE PLC CLASS A. At the time of publication of this analysis, the latest news was as follows:
- Accenture and Google Cloud Launch Joint Generative AI Center of Excellence to Help Enterprises Harness the Value of Generative AI
- Stagwell (STGW) Completes Divestment of ConcentricLife to Accenture for $245 Million
- STAGWELL (STGW) TO SELL CONCENTRICLIFE, INTEGRATED HEALTHCARE MARKETING AGENCY, TO ACCENTURE
- Accenture Federal Services and Google Public Sector Launch Cybersecurity Center of Excellence
- Accenture Completes Acquisition of Anser Advisory
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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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