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 $340.67. There are two supporters for this price target. The first one is the reverse head and shoulders pattern it created, and the second is the wedge it broke out of. Both of these supporters are...
Retraced 40% from high.
Formed Double bottom with falling wedge.
I prefer double bottom with second bottom lower than first bottom.
Now breaking out.
There is oscillator divergence.
And Elliott 5.35 is green.
So i will buy above high.
For a target 350-370 levels, SL 274 levels.
NYSE:ACN
Technical Analysis for ACN:
If ACN breaks above the bullish line of 293$, it may indicate a bullish signal, suggesting potential upward price movement. In this scenario, the first target price (TP1) could be set at 296$, while the second target price (TP2) could be set at 304$.
Conversely, if ACN breaks below the bearish line of 285$, it may suggest...
As you see, A long term uptrend followed by a correction. The correction is finished in 50-61.8 Fib Ret zone.
You can clearly see the decrease in sales force in this area. My suggestion is finding a good trigger for entry to a long term buy position by setting sl below the Area.
Accenture looking Good broken a falling resistance trendline on two hour time frame and price is sustaining above that trendline and giving a breakout only I am expecting a breakout retest of falling trendline if this will happen accordingly can go long in it for the target of 279 and 287 which is looking a Resistance for price and from below we can take a stop...
NYSE:ACN Long
NYSE:ACN is in a clear downtrend since the high in December 2021. We have a level of support at ~ 254.00 which often got confirmed. The plan should be to trade the support level with a limit order. The take profit isn't that far away because of the fact we are in a downtrend.
Limit Order: 257,28
Stop Loss: 252,20
Take Profit: 265,04
ACN growth has been fueled (just like many other technology stocks) by post-COVID "digitalization hype" in combination with quantitative easing. We have entered the period of rationalization some months ago and it will take up to 3y for the stock to gain a significant momentum (unless there is a dramatic economic/political event - i.e. end of the Ukraine conflict...
The PEAD projected a bullish outlook for $ACN after a positive under reaction following its earnings release placing the stock in drift A with an expected accuracy of 83.33%.
Three soldiers confirm on otherwise up moving momentum that left OBOS area. Two goals are put with Fibonacci in mind, but also reflect the two possibilities of either being in a triangle or a more neutral channel.
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...
Watching stocks that haven't fallen as much yet, I found another potential stock to short. The company has an earnings report soon, which is likely to be worse than expected or just in line with expectations. If you look at the fundamentals, the company is still heavily overvalued and it's not clear why it's still worth so much. The technical picture on the chart...
