ACCENTURE PLC CLASS A - Daily - Technical analysis published on 01/24/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 353.15 USD
My targets
405.18 USD (+9.65%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ACCENTURE PLC CLASS A as long as the price remains well above 353.15 USD. The buyers' bullish objective is set at 405.18 USD. A bullish break in this resistance would boost the bullish momentum. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.9
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Additional analysis
Quotes
The ACCENTURE PLC CLASS A rating is 369.51 USD. The price is lower by -0.10% since the last closing and was between 367.83 USD and 372.24 USD. This implies that the price is at +0.46% from its lowest and at -0.73% from its highest.367.83
372.24
369.51
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
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:
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this ACCENTURE PLC CLASS A chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Daily
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 299.40 | 327.00 | 353.15 | 369.51 | 405.18 |
| Change (%) | -18.97% | -11.50% | -4.43% | - | +9.65% |
| Change | -70.11 | -42.51 | -16.36 | - | +35.67 |
| Level | Major | Major | Intermediate | - | Major |
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 | 362.64 | 364.14 | 367.00 | 368.50 | 371.36 | 372.86 | 375.72 |
| Camarilla | 368.66 | 369.06 | 369.46 | 369.86 | 370.26 | 370.66 | 371.06 |
| Woodie | 363.32 | 364.48 | 367.68 | 368.84 | 372.04 | 373.20 | 376.40 |
| Fibonacci | 364.14 | 365.81 | 366.83 | 368.50 | 370.17 | 371.19 | 372.86 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 339.21 | 344.51 | 354.21 | 359.51 | 369.21 | 374.51 | 384.21 |
| Camarilla | 359.78 | 361.15 | 362.53 | 363.90 | 365.28 | 366.65 | 368.03 |
| Woodie | 341.40 | 345.61 | 356.40 | 360.61 | 371.40 | 375.61 | 386.40 |
| Fibonacci | 344.51 | 350.24 | 353.78 | 359.51 | 365.24 | 368.78 | 374.51 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 312.31 | 321.55 | 335.59 | 344.83 | 358.87 | 368.11 | 382.15 |
| Camarilla | 343.22 | 345.35 | 347.49 | 349.62 | 351.75 | 353.89 | 356.02 |
| Woodie | 314.70 | 322.75 | 337.98 | 346.03 | 361.26 | 369.31 | 384.54 |
| Fibonacci | 321.55 | 330.45 | 335.94 | 344.83 | 353.73 | 359.22 | 368.11 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 76.79 | |
| MACD (12,26,9): | 7.8300 | |
| Directional Movement: | 28.14 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 362.95 | |
| Parabolic SAR (0,02-0,02-0,2): | 345.52 | |
| Elder Ray (13): | 12.44 | |
| Super Trend (3,10): | 354.15 | |
| Zig ZAG (10): | 369.88 | |
| VORTEX (21): | 1.2400 | |
| Stochastique (14,3,5): | 96.39 | |
| TEMA (21): | 365.60 | |
| Williams %R (14): | -6.32 | |
| Chande Momentum Oscillator (20): | 34.42 | |
| Repulse (5,40,3): | 1.7700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2300 | |
| Courbe Coppock: | 10.90 |
| MA7: | 362.42 | |
| MA20: | 351.08 | |
| MA50: | 340.82 | |
| MA100: | 324.98 | |
| MAexp7: | 363.06 | |
| MAexp20: | 353.39 | |
| MAexp50: | 341.49 | |
| MAexp100: | 329.56 | |
| Price / MA7: | +1.96% | |
| Price / MA20: | +5.25% | |
| Price / MA50: | +8.42% | |
| Price / MA100: | +13.70% | |
| Price / MAexp7: | +1.78% | |
| Price / MAexp20: | +4.56% | |
| Price / MAexp50: | +8.21% | |
| Price / MAexp100: | +12.12% |
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 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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