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.
ACN trade ideas
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 area
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.
$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%.
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=285/300
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.
ACN Long PushNYSE: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 in favor of the $340.67 price target.
$ACN, May 30, 2023Retraced 40% from high.
Formed Double bottom with falling wedge.
I prefer double bottom with second bottom lower than first bottom.
Now breaking out.
There is oscillator divergence.
And Elliott 5.35 is green.
So i will buy above high.
For a target 350-370 levels, SL 274 levels.
ACN | InformativeNYSE:ACN
Technical Analysis for ACN:
If ACN breaks above the bullish line of 293$, 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$, it may suggest a bearish signal, implying potential downward price movement. In this case, the first target price (TP1) could be set at 280$, and the second target price (TP2) could be set at 270$.
Fundamental Analysis for ACN:
ACN is a global consulting and professional services company known for its digital, technology, and operations expertise. With a strong track record and a wide range of clients across various industries, ACN has established itself as a leader in the consulting sector. The company benefits from a global presence, a diversified portfolio of services, and a strong reputation for delivering value to its clients. ACN's financial performance, strategic partnerships, and ability to adapt to technological advancements are important factors to consider when assessing its long-term growth potential.
Additionally, ACN has a proven ability to navigate and thrive in dynamic market conditions. The company's focus on digital transformation, cloud computing, and emerging technologies positions it well to capitalize on evolving industry trends.
ACN's strong financial performance, including consistent revenue growth and healthy profit margins, reflects its operational efficiency and effective cost management. Furthermore, ACN's robust client relationships and long-term contracts provide stability and recurring revenue streams.
The company's commitment to innovation is evident through its investments in research and development, strategic acquisitions, and partnerships with leading technology companies. This positions ACN to stay at the forefront of industry advancements and offer cutting-edge solutions to its clients.
ACN ... Watch 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 Seems LongAccenture 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 loss of 272 closing below on two hour time frame after the execution of above mentioned idea.
KINDLY NOTE-: This is not and trade or investment advice. This idea is meant for learning. Invest your capital at your own risk.
𝐑𝐞𝐠𝐚𝐫𝐝𝐬-: 𝐀𝐦𝐢𝐭 (AR)
$ACN Long with an H4 support level 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 Target $308 & $345ACN about to break out of a falling wedge pattern.
Target 1: 308
Target 2: 345
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%.
