As 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 )...
On 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...
ACN 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%
Uptrend 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.
ACN broke through a range and confirmed breakout on the retest. Love this +EV long
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.
Expecting the price to continue climbing in a current rising channel backed by analyst expectations. Key areas marked.
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...
If 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...
Publishing 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.
It 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...
I 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...
Good company which should scam some liquidity in this tech bull run - send it.
The 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%.
Accenture 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=285/300
If 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...
NYSE:ACN has broken out of a long wedge. Since it has just broken out, it may pull back and use the $280 price range as a support. The price target for NYSE:ACN is $340.67. There are two supporters for this price target. The first one is the reverse head and shoulders pattern it created, and the second is the wedge it broke out of. Both of these supporters are...