Open buy · week 9
Accenture jumps 12.9%, but the new 30-week high fails to hold into the close
Our view last week
The bounce stalled under the 20-week moving average once again: Accenture slips 2.9%, a fourth straight weekly decline, with sellers dominating the week's bar to an extreme. Accenture stock stays in a buy signal and the trade is still up 6.1% from entry, against 9.3% a week ago. The price action calls for caution, and earnings on October 1 land in the week just ahead.
This week's summary
After 4 straight weekly declines Accenture jumps 12.9% and prints a new 30-week high that the close fails to confirm: the week ends in the lower half of its range, under the 50-week average. A week ago the bounce was stalling under the 20-week average; now that line is back beneath the price. On our technical analysis Accenture stock stays one of the weekly buy signals, with the trade up 19.9% from entry against 6.1% a week ago.
IQS Phase
48
ordinary
Signal Strength
70
high · wide & volatile
Sizing
FULL
Ranking
#34 / 93
US stocks in progress
Trade P&L %
+19.88%
from signal to date, no stop loss
Accenture (ACN) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 34th among the 93 Longs already running for US stocks in our ranking, with a signal strength of 70 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimein strong phase
Performanceweekly +1.80% · monthly +8.83%
ACN belongs to the growth tech sector (reference ETF XLK). The sector is classified in strong phase according to our weekly reading.
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