(ACN) Trading Signals

August 22, 2024, 04:00 am ET, BY Momei- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for ACN

• Buy ACN slightly over 321.79 target 355.2 stop loss @ 320.86 Details

The technical summary data tells us to buy ACN near 321.79 with an upside target of 355.2. This data also tells us to set a stop loss @ 320.86 to protect against excessive loss in case the stock begins to move against the trade. 321.79 is the first level of support below 333.6 , and by rule, any test of support is a buy signal. In this case, support 321.79 is being tested, a buy signal would exist.

• Short ACN slightly under 355.2, target 321.79, stop loss @ 356.23 Details

The technical summary data is suggesting a short of ACN as it gets near 355.2 with a downside target of 321.79. We should have a stop loss in place at 356.23though. 355.2 is the first level of resistance above 333.6, and by rule, any test of resistance is a short signal. In this case, if resistance 355.2 is being tested, a short signal would exist.

Swing Trading Plans for ACN

• Buy ACN slightly over 333.83, target 355.2, Stop Loss @ 332.87 Details

If 333.83 begins to break higher, the technical summary data tells us to buy ACN just slightly over 333.83, with an upside target of 355.2. The data also tells us to set a stop loss @ 332.87 in case the stock turns against the trade. 333.83 is the first level of resistance above 333.6, and by rule, any break above resistance is a buy signal. In this case, 333.83, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short ACN slightly near 333.83, target 326.47, Stop Loss @ 334.79. Details

The technical summary data is suggesting a short of ACN if it tests 333.83 with a downside target of 326.47. We should have a stop loss in place at 334.79 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 333.83, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for ACN

• Buy ACN slightly over 333.95, target 355.2, Stop Loss @ 333.17 Details

If 333.95 begins to break higher, the technical summary data tells us to buy ACN just slightly over 333.95, with an upside target of 355.2. The data also tells us to set a stop loss @ 333.17 in case the stock turns against the trade. 333.95 is the first level of resistance above 333.6, and by rule, any break above resistance is a buy signal. In this case, 333.95, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short ACN slightly near 333.95, target 331.69, Stop Loss @ 334.73. Details

The technical summary data is suggesting a short of ACN if it tests 333.95 with a downside target of 331.69. We should have a stop loss in place at 334.73 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 333.95, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Accenture Plc Class A (ireland) (ACN) available here: ACN.

ACN Ratings for August 22:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Neutral
P1	0	0	288.34
P2	331.69	326.47	321.79
P3	333.95	333.83	355.2

AI Generated Signals for ACN

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Trading Accenture Plc Class A (ireland) (NYSE: ACN) can be efficient and rewarding, especially in volatile markets, so long as the important pivot points for the stock are observed before making decisions to buy, sell, or short.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for ACN change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if ACN is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for ACN too.  All of these are offered below the Summary Table.