How To Trade (ACN)

November 21, 2024, 03:46 am ET, BY Thomas Y.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for ACN

• Buy ACN near 333.9 target 368.62 stop loss @ 332.94 Details

The technical summary data tells us to buy ACN near 333.9 with an upside target of 368.62. This data also tells us to set a stop loss @ 332.94 to protect against excessive loss in case the stock begins to move against the trade. 333.9 is the first level of support below 357.07 , and by rule, any test of support is a buy signal. In this case, support 333.9 is being tested, a buy signal would exist.

• Short ACN slightly under 368.62, target 333.9, stop loss @ 369.68 Details

The technical summary data is suggesting a short of ACN as it gets near 368.62 with a downside target of 333.9. We should have a stop loss in place at 369.68though. 368.62 is the first level of resistance above 357.07, and by rule, any test of resistance is a short signal. In this case, if resistance 368.62 is being tested, a short signal would exist.

Swing Trading Plans for ACN

• Buy ACN slightly over 363.71, target 368.62, Stop Loss @ 362.66 Details

If 363.71 begins to break higher, the technical summary data tells us to buy ACN just slightly over 363.71, with an upside target of 368.62. The data also tells us to set a stop loss @ 362.66 in case the stock turns against the trade. 363.71 is the first level of resistance above 357.07, and by rule, any break above resistance is a buy signal. In this case, 363.71, 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 363.71, target 351.04, Stop Loss @ 364.76. Details

The technical summary data is suggesting a short of ACN if it tests 363.71 with a downside target of 351.04. We should have a stop loss in place at 364.76 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, 363.71, 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 363.71, target 368.62, Stop Loss @ 362.86 Details

If 363.71 begins to break higher, the technical summary data tells us to buy ACN just slightly over 363.71, with an upside target of 368.62. The data also tells us to set a stop loss @ 362.86 in case the stock turns against the trade. 363.71 is the first level of resistance above 357.07, and by rule, any break above resistance is a buy signal. In this case, 363.71, 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 363.71, target 354.59, Stop Loss @ 364.56. Details

The technical summary data is suggesting a short of ACN if it tests 363.71 with a downside target of 354.59. We should have a stop loss in place at 364.56 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, 363.71, 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 November 21:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Neutral
P1	0	0	299.54
P2	346.19	351.04	333.9
P3	354.59	363.71	368.62

AI Generated Signals for ACN

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This report provides trading strategies for Accenture Plc Class A (ireland) (NYSE: ACN) while incorporating risk controls.

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.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

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.