ACN Target $308 & $345ACN about to break out of a falling wedge pattern.
Target 1: 308
Target 2: 345
CSA trade ideas
Weekly Levels on $ACNThe price stopped at .618 fib retracement of the previous bullish wave, creating a box between $295 and $245
Long journey for ACN before recoveryACN 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 in which case the stock would be again driven by emotions rather than organic technology market evolution).
$ACN with a bullish outlook following its earnings #StocksThe 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%.
Nimble long on Accenture. ACNThree 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 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.
TBox on $ACNPlaying my EMAs as always.
The 21h at the test of the 250h.
Possible bearish cross or positive test ?
Bounce to 281-291 before continuing down movePoint target is 286 by early next week before continuing down move
Another tech stock that will fall bigWatching 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 is also points to a further decline: the downtrend on the weekly and the nearest strong buying zones are $140-160. I think that at the opening I will open a short position from levels of $270-300, SL $325, TP $150-160.
$ACN with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $ACN after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 77.78%.
ACN Accenture Options Ahead Of EarningsIf you haven`t watched the previews article:
Then you should know that looking at the ACN Accenture options chain ahead of earnings , i would buy the $285 strike price Puts with
2023-1-20 expiration date for about
$10.70 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
#ACN to 345$?Hello dear Traders,
Here is my idea for #ACN
Price closed above yellow line (previous month high)
Price closed (15min Chart) above purple trigger line to enter trade.
Targets marked in the chart (black lines)
Invalidation level marked with red line
Good luck!
❤️Please feel free to ask any question in comments. I will try to answer all! Thank you.
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Short $ACN from 304Not quite there yet, but we will wait for a fill at 304 = top of channel. This will only happen if we continue the pump monday, which is possible. Markets have been weak mid-week this year and "turn around Tuesday" has worked well as a short.
Entry: 304
SL: 324.25
TP: 242.75
Double two on Accenture complete. ACNWe are seeing a double two finished on Accenture. This implies a start of a new corrective fractal, hence outlook is bearish with one goal at this stage.
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 purple 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.
Shifting gears on Accenture. ACN We previously had a short on Accenture with a single goal that we did not reach. Exited manually with a profit smaller than planned for. This prompted a review of the fractal map for this stock, leading us to change our stance to a bullish one.
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 purple 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.
Head and ShouldersACN is below the neckline of a Head and Shoulders pattern (look left) and has fallen from a rectangle.
The bottom support line of the horizontal trading channel has been broken. That is now resistance.
Targets for each structure in orange below the structures.
No recommendation
Accenture Turns UpwardTicker: ACN
Idea: Long
Horizon: 1 month
Target: $300
Stop order: $253
Technical analysis
The price of the stock has pushed away from the resistance level. Idea for the growth of the paper with a target of $300.
Fundamental Factor.
Accenture is a consulting company that provides consulting services to organizations in the areas of strategic planning, optimization and organization of business process outsourcing, customer relationship management, logistics process management, human resources management and information technology implementation. The company will report financial results for the fourth quarter of fiscal year 2022 on Thursday, Sept. 22. Analysts expect revenue of $15.426 billion and earnings per share of $2.57. If the report beats analysts' expectations and the company's management gives a good outlook, the market could put that positive spin on the price.
$ACN with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $ACN after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 75%.
ACN Accenture Options Ahead Of EarningsLooking at the ACN Accenture options chain, i would buy the $275 strike price Calls with
2022-10-21 expiration date for about
$9.70 premium.
Looking forward to read your opinion about it.
Ascendyea?Chart looks pretty good for a long - expecting lows to hold if they do not I will need to make new reaction lines - moon it.
RECTANGLE//HEAD & SHOULDERSPrior Head & Shoulders pattern.
Price is below the neckline, but is still inside the Rectangle .
Targets in white above the Rectangle are possible if price breaks the resistance line.
Targets in orange are for a break the Rectangle support line.
Alternate Bearish Shark noted inside the Rectangle . Price terminated at the 1.113 on the 4th leg and broke the resistance of the H&S neckline for several trading sessions.
Short interest in under 1%.
Earnings 9-22 BMO .
The rectangle is neutral until a trendline is broken.
Price would have to break bottom trendline of Rectangle to meet 'it's targets.
No recommendation
Buy $ACN - NRPicks 08 JulAccenture plc, a professional services firm, provides strategy and consulting, interactive, and technology and operations services worldwide. It also provides data-enabled operating models; technology consulting and artificial intelligence services.
Head and ShouldersI also see a double bottom that may provide support.
Earnings were mixed.
No recommendation.
Accenture plc, a professional services company, provides strategy and consulting, interactive, and technology and operations services worldwide. The company offers application services, including agile transformation, DevOps, application modernization, enterprise architecture, software and quality engineering, data management, intelligent automation comprises robotic process automation, natural language processing, and virtual agents, and liquid application management services, as well as program, project, and service management services; strategy consulting services; critical data elements, data management and governance, data platform and architecture, product-based organization and skills, business adoption, and value realization services; engineering, and research and development digitization; smart connected product design and development; product platform engineering and modernization; product as-a-service enablement; products related to production and operations; autonomous robotics systems; the digital transformation of capital projects; and digital industrial workforce solutions. It also provides data-enabled operating models; technology consulting and artificial intelligence services; services related to talent and organization/human potential; digital commerce; infrastructure services, such as hybrid cloud, network, digital workplace and collaboration, service and experience management, infrastructure as code, and managed edge and IoT devices; cyber defense, applied cybersecurity, managed security, OT security, security strategy and risk, and industry security products; services related to technology innovation; and intelligent automation services. In addition, the company offers cloud, ecosystem, marketing, supply chain management, zero-based budgeting, customer experience, finance consulting, mergers and acquisitions, and sustainability services. Accenture plc was founded in 1951 and is based in Dublin, Ireland.
