How the (ACN) price action is used to our Advantage

October 30, 2024, 15:42 pm ET, BY David D.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for ACN

• Buy ACN near 331.47 target 365.49 stop loss @ 330.51 Details

The technical summary data tells us to buy ACN near 331.47 with an upside target of 365.49. This data also tells us to set a stop loss @ 330.51 to protect against excessive loss in case the stock begins to move against the trade. 331.47 is the first level of support below 346.91 , and by rule, any test of support is a buy signal. In this case, support 331.47 is being tested, a buy signal would exist.

• Short ACN slightly under 365.49, target 331.47, stop loss @ 366.55 Details

The technical summary data is suggesting a short of ACN as it gets near 365.49 with a downside target of 331.47. We should have a stop loss in place at 366.55though. 365.49 is the first level of resistance above 346.91, and by rule, any test of resistance is a short signal. In this case, if resistance 365.49 is being tested, a short signal would exist.

Swing Trading Plans for ACN

• Buy ACN slightly over 359.22, target 365.49, Stop Loss @ 358.18 Details

If 359.22 begins to break higher, the technical summary data tells us to buy ACN just slightly over 359.22, with an upside target of 365.49. The data also tells us to set a stop loss @ 358.18 in case the stock turns against the trade. 359.22 is the first level of resistance above 346.91, and by rule, any break above resistance is a buy signal. In this case, 359.22, 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 359.22, target 331.47, Stop Loss @ 360.26. Details

The technical summary data is suggesting a short of ACN if it tests 359.22 with a downside target of 331.47. We should have a stop loss in place at 360.26 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, 359.22, 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 357.82, target 359.22, Stop Loss @ 356.99 Details

If 357.82 begins to break higher, the technical summary data tells us to buy ACN just slightly over 357.82, with an upside target of 359.22. The data also tells us to set a stop loss @ 356.99 in case the stock turns against the trade. 357.82 is the first level of resistance above 346.91, and by rule, any break above resistance is a buy signal. In this case, 357.82, 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 357.82, target 331.47, Stop Loss @ 358.65. Details

The technical summary data is suggesting a short of ACN if it tests 357.82 with a downside target of 331.47. We should have a stop loss in place at 358.65 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, 357.82, 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 October 30:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Neutral
P1	0	0	297.56
P2	357.82	359.22	331.47
P3	362.54	369.93	365.49

AI Generated Signals for ACN

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Our job as #investors is to pay attention to the #stocks we own.  Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The  Accenture Plc Class A (ireland) (NYSE: ACN) data table below can help you with price action, and we have more details too. Trading plans for ACN are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.