Buy signal confirmed at week 3
Accenture stock rises 4.7% on one of its sharpest bullish engulfing bars in weeks
Our view last week
Accenture stock closes the week up 0.7%, but the picture is starting to show cracks: buyer dominance is fading, and sellers were slightly ahead on the last bar. In today's technical analysis the buy signal stays confirmed — the breakout trigger, in the 186 area, still hasn't fired. The stock ranks 23rd among the 145 US buy signals currently open, with a signal strength of 74 out of 100.
This week's summary
Accenture stock closes the week up 4.7%, driven by a daily bullish engulfing bar, one of the sharpest seen in a while. Under the surface, though, something is cooling: volumes are contracting and buyer dominance is fading. In today's technical analysis the buy signal, which fired 3 weeks ago, stays confirmed — the breakout trigger, in the 188.5 area, still hasn't fired. The stock ranks 47th among the 167 US buy signals currently open, with a signal strength of 70 out of 100.
IQS Phase
56
ordinary
Signal Strength
70
high · wide & volatile
Sizing
FULL
Ranking
#47 / 167
US stocks in progress
Trade P&L %
+11.67%
from signal to date, no stop loss
Rank position
ranks 47th among the 167 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 regimeweak phase
Performanceweekly -3.53% · monthly +1.69%
ACN belongs to the growth tech sector (reference ETF XLK). The sector is classified weak phase according to our weekly reading.
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