Bullish vs. Bearish (2 opinions)
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ACN Forecast and Technical Stock Analysis
Sell candidate since 2019-09-18 PDF
Accenture plc fell by -0.42% in the last day ( Wednesday, 18th Sep 2019 ) from $194.95 to $194.13 During the day the stock fluctuated 1.59% from a day low at $191.54 to a day high of $194.59. The price has been going up and down for this period, and there has been a -1.81% loss for the last 2 weeks. Volume has increased in the last day by 0.32 million shares but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 1.77 million shares bought and sold for approximately $344.32 million.
- 30 day high of the ACN stock price was $202.80 and low was $187.89.
- 90 day high was $202.80 and low was $177.99.
- 52 week high for Accenture plc - $202.80 and low - $132.63.
Accenture plc lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 4.51% during the next 3 months and, with 90% probability hold a price between $198.41 and $211.47 at the end of this period.
There are mixed signals in the stock today. A sales signal was issued from a pivot top point on Thursday September 12, 2019, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Accenture plc holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at $193.49 and $193.86. A break down below any of these levels will issue sell signals.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 46 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
Accenture plc finds support from accumulated volume at $189.66.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $3.05 (1.59%) between high and low. For the last week, the stock has had daily average volatility of 1.46%.
Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.
1.46 %Average volatility
Very Low Low Medium High Very High
Accenture plc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Sell Candidate.
|ACN $194.13 ($-0.82 -0.42%)|
ACN is down $0.82 today, but where's it headed in 2019?
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Golden Star Signal
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