ACN bullishI expect bullish movements on ACN till earnings release. it could touch to 300s.Longby orkhanrustamov1
$ACN ProbabilitiesThe project is design to highlight potential support/resistance zones with the rectangles, but also a design of lower/higher probability of reach. The path of the white dots is projected to have a higher probability while the big blue polygon lower probability of penetration. Marked level could be highly significant in the upcoming developments in this stock, while near the marked time stamps we could see some shifts in sentiment and mood. Shift in volatility and/or mood near the Earnings report and the vertical rectangle. The squarish looking rectangles are more like milestones for potential developments if we reach those zones in the future. Any support/resistance level can provide reversals but also breakouts in some cases. Currently at the longer purple rectangle with signs of support, but I wouldn't go long right now. Because of big blue lurking potential "no go" zone, I am little bit biased towards the more bearish toned scenario with a more sliding style of price action rather than power impulse runs, but time will tell. by nenUpdated 1
Trading Accenture Stock Following a Rising Wedge Breakout Pattern Accenture (ACN) stock has recently formed a noteworthy technical pattern known as a rising wedge. This pattern is characterized by a series of higher highs and higher lows, with the price action converging toward a single point, forming a wedge-like shape. Typically, a rising wedge is considered a bearish pattern, suggesting that the uptrend may be losing steam and a potential reversal could be on the horizon. However, in the case of Accenture, the stock has recently broken out above the upper trendline of the rising wedge. This breakout could signify a continuation of the previous uptrend rather than a reversal. Key Levels: The key level to watch following this breakout is the top of the wedge, which falls around the $289-$290 price range. If Accenture's stock price can sustain above this level, it would confirm the bullish breakout and suggest potential for further upside. On the downside, the bottom of the wedge, around the $280 level, now becomes a crucial support level to monitor. If the stock were to fall back below this level, it could negate the bullish implications of the breakout and suggest a potential false breakout. Price Action: The price action leading up to and following the breakout has been bullish. Accenture's stock price has been making a series of higher highs and higher lows, indicating strong upward momentum. The breakout itself was decisive, with the stock gapping up and closing well above the upper trendline of the wedge. Relative Strength Index (RSI) has been trending upward, suggesting that bullish momentum is building. However, the RSI is approaching overbought territory, which could signal a potential short-term pullback or consolidation. Longby tfeld0010
ACN Setting Up For An AntiThe spreads are whack on ACN but, I took out a credit spread with my 1:1 risk at 3% of my account. I am just looking for the spread to expire worthless so the spreads shouldn't effect me much.Long01:09by JoeRodTrades1
Accenture turning down for the worst to $283Head and Shoulders seems to be forming on Accenture. This pattern started on 11 December 2023, the price headed to a high at $386.00 and right back down again. Now it has reached some semblance of support but could be forming a right shoulder. If we see a price break, then it is likely for the market to drop all the way down to $283. Medium Probability Price<20 Price>200 Target $283 POSSIBLE PROBLEMS: Shift in Demand: There may be a shift in demand within the services offered by Accenture, with clients possibly prioritizing different areas of investment due to changing market conditions Operational Challenges: Any operational challenges or inefficiencies within Accenture could also lead to increased costs or reduced profitability, affecting share price Strategic Investments and Acquisitions: While Accenture has been active in acquisitions aimed at expanding its capabilities and market reach, the initial costs and integration challenges of these ventures could impact short-term financial performance, affecting investor perspectives Shortby Timonrosso1
ACNAccenture plc is a US multinational professional services company based in Dublin, specializing in information technology services and consulting. This is my preferred setup which includes an upward trend and pullback toward the previous breakout level. I'm expecting a further consolidation before a potential resumption of the upward trend.Longby techpers2
ACN March 22, 24: Breaking Down MA-50On March 22, 24, NYSE:ACN broke down its MA-50 on huge volume after earnings were out. A breakdown below MA-50 on huge volume while the overall market is in uptrend is a sell signal. I am not holding NYSE:ACN and I am not shorting it, have no plan to short it. However if I bough it before, I will sell it now. There are many lessons about stocks which seems cheap but are actually not a good buy.by longsonvn2
ACN Stock Outlook: Potential Upside in Q2 2024ACN is currently exhibiting some short-term weakness, but the broader bullish pattern suggests potential for improved performance in the second quarter of 2024. The range between 330 and 350 could attract interest for potential buyers. A target around 410 is being considered, indicating a potential upside of over 20%Longby Quantific-Solutions1
Accenture Faces Headwinds as Fiscal-Year Revenue Guidance FallsAs the Dublin-based global tech services and consulting firm grapples with shifting tides, its recent fiscal second-quarter earnings report has left investors on edge. Despite beating estimates, Accenture's decision to revise its full fiscal year revenue outlook downwards has sent shockwaves through the market, prompting a sharp decline in Accenture ( NYSE:ACN ) stock. Navigating Turbulent Waters: Accenture's fiscal second-quarter earnings, though impressive on the surface, reveal underlying challenges. While adjusted earnings per share stood at $2.77, representing a modest 3% decrease, revenue, bolstered by acquisitions, rose by 5% to $15.8 billion. However, it's the company's revised full-year revenue growth forecast, now pegged at 1% to 3%, that has investors concerned, marking a significant deviation from the earlier projection of 2% to 5% growth. Accenture's Struggle: Consulting Conundrum One area of concern highlighted by analysts is the apparent weakness in Accenture's consulting segment. Despite the company's ongoing efforts to diversify its portfolio and expand into burgeoning sectors like digital marketing, cloud computing, and artificial intelligence (AI), challenges in the consulting realm persist. However, amidst the gloom, there's a glimmer of hope as demand for AI projects continues to surge, with fiscal Q2 bookings witnessing a remarkable 50% quarter-over-quarter increase, reaching $600 million. Investor Sentiment and Strategic Moves: The market's response to Accenture's ( NYSE:ACN ) earnings report was swift and decisive, with shares plummeting by 5.9% to near 357.99. But shortly after the stock surged to about $380 per share price. This sharp decline signals a departure from the stock's earlier trajectory, which had seen an 8% increase in 2024. Looking ahead, analysts remain cautious, with revenue projections for the third fiscal quarter falling short of expectations. Despite the headwinds, Accenture ( NYSE:ACN ) remains proactive in its approach, bolstering investor confidence through strategic initiatives. In 2023, the company demonstrated its commitment to shareholders by hiking its quarterly dividend and expanding its stock buyback program. Moreover, Accenture's relentless pursuit of acquisitions underscores its determination to stay at the forefront of innovation, particularly in key growth areas like AI and digital marketing.Longby DEXWireNews3
Accenture ,,, pullbackUptrend Getting a position on pullbacks has always been a good opportunity. You can see one of them in this chart and I suppose its a good one by setting a SL at about 372 .Next target has been shown in the chart. Longby pardis2
AccentureUptrend ACN has a very clear and reliable trend with a reasonable corrections. After this candle, trigger has been issued and by setting a good SL you can get buying position on it. Next target will be about 400. Longby pardis3
$ACN offroading to $400? ACN broke through a range and confirmed breakout on the retest. Love this +EV longLongby C0o0kieUpdated 2
ACN ,,, Breakout Uptrend It's a breakout of a price level in a good uptrend. I suppose next target could be around 417 . As always setting a sure SL is essential. Longby pardis2
ACN: Potential BuyExpecting the price to continue climbing in a current rising channel backed by analyst expectations. Key areas marked.Longby M0_BTC0
ACCENTURE Neutral within the 1D MA50 and MA200. Trade carefully.Accenture (ACN) has been rising within a Channel Up pattern since the March 15 bottom but recently entered a corrective wave to form the new Higher Low. This is in the form of a Channel Down pattern that heavily rejected the price yesterday on the 1D MA50 (blue trend-line). This rejection is dangerous as it turned the 1D MACD from a Bullish into a Bearish Cross in a matter of 4 days. If the 1D MA200 (orange trend-line) holds, we will buy when the price breaks above the Channel Down and target 345.00 (almost the April 05 2022 High). If it closes a 1D candle below Support 1 (294.50) and the 1D MA200 (orange trend-line), we will take the loss and sell, targeting 281.50 (symmetrical -10.80% decline). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇by TradingShot5
ACN Accenture plc Options Ahead of EarningsIf you haven`t sold ACN here: Then analyzing the options chain and the chart patterns of ACN Accenture plc prior to the earnings report this week, I would consider purchasing the 315.50usd strike price Calls with an expiration date of 2023-10-20, for a premium of approximately $9.10. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it. Longby TopgOptions1
Accenture 2H 2023, 1DPublishing to track accenture's chart. Bottoming after a near-$50% drop. Running into support turned resistance while flagging. SMA100/EMA21 turning, but RSI forming a divergence. by cmerged2
Pay attention to the correctionIt is clear that there are signs of severe weakness in the current ascent, and this leads us to decline once again to the shaded area, so that wave 4 of Elliott base forms, from which the market maker and buyers enter strongly to make a new historical peak for the shaded area above.. Then we will update the market. Good luck Note: the analysis fails if the price closes above the 422 areaShortby KhaldHegazy0
Accenture tumbling down the hill. ACNI believe that there is a WXY formation here in the early phases. We are onto Wave X. W=Fibtime 1.0 of Wave A, while we observe a running flat, classical for W,X,Y. Clearly confirmed pivot on the C of W wave impulse, thus expecting a downward zigzag now equal to or less than 1.0 fibtime of W. Yes, we are fans of "Mastering the Elliott Wave." Go have a read if you have no idea what we are talking about here. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.Shortby Rykin_Capital2
Big Brain TA...Good company which should scam some liquidity in this tech bull run - send it.Longby Swoop6225
$ACN with a neutral outlook following its earnings #StocksThe PEAD projected a neutral outlook for NYSE:ACN after a negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 75%.by EPSMomentum1
ACN: Rebound expected toward 330/345 zoneAccenture Plc stock's price is likely to move toward a range between 330 and 345 by the end of September. Support is the area between 285 and 300 mark. As long as ACN share price holds above 285, a possible bullish bias is expected. Target=330/345 Support=285/300Longby Quantific-Solutions2
ACN Accenture Options Ahead of EarningsIf you haven`t sold ACN here: Then Analyzing the options chain of ACN Accenture prior to the earnings report this week, I would consider purchasing the 340usd strike price Calls with an expiration date of 2023-9-15, for a premium of approximately $7.35. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it. Longby TopgOptions3