ACN Market Cap Surges +7.26% in a Day
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Accenture (ACN, $271.66) emerged as the leading gainer in market capitalization according to Tickeron's analysis. The company witnessed a remarkable surge of +7.26% in its stock price, reaching $271.66 per share within a single trading day. This upward momentum resulted in an impressive increase in Accenture's market cap by $20.5 billion, pushing it to a total valuation of $180.0 billion.
This significant jump in market capitalization indicates strong investor confidence and positive sentiment surrounding Accenture. Investors were evidently impressed by the company's recent performance and growth prospects, leading to increased demand for its shares. Such a substantial gain in market cap reflects the market's belief in Accenture's ability to generate value and deliver consistent returns.
Accenture's robust performance can be attributed to various factors. The company has a proven track record of delivering high-quality consulting, technology, and outsourcing services to its clients. Its ability to adapt and innovate in the rapidly evolving digital landscape has allowed Accenture to stay ahead of its competitors. Additionally, the company's global presence and diverse portfolio of services have positioned it favorably to capitalize on emerging market opportunities.
The surge in market capitalization also highlights the broader positive sentiment in the financial markets. As investors seek opportunities for growth and returns, companies with strong fundamentals and promising outlooks tend to attract significant attention. Accenture's remarkable gain in market cap underscores the overall optimism in the market and the belief in the company's ability to navigate challenging economic conditions successfully.
It will be interesting to observe how Accenture sustains its growth trajectory in the future. As the business landscape continues to evolve, the company's ability to adapt, innovate, and capitalize on emerging trends will be crucial. Moreover, maintaining its reputation for delivering exceptional value to clients will remain essential in sustaining investor confidence and driving long-term shareholder value.
ACN sees its 50-day moving average cross bullishly above its 200-day moving average
The 50-day moving average for ACN moved above the 200-day moving average on May 26, 2023. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on May 16, 2023. You may want to consider a long position or call options on ACN as a result. In of 65 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for ACN just turned positive on May 15, 2023. Looking at past instances where ACN's MACD turned positive, the stock continued to rise in of 43 cases over the following month. The odds of a continued upward trend are .
ACN moved above its 50-day moving average on May 11, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for ACN crossed bullishly above the 50-day moving average on May 17, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 15 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ACN advanced for three days, in of 347 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 394 cases where ACN Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The RSI Oscillator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 63 cases where ACN's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where ACN declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
ACN broke above its upper Bollinger Band on May 26, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Fundamental Analysis (Ratings)
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding price growth. ACN’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 83, placing this stock better than average.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (8.264) is normal, around the industry mean (3.967). P/E Ratio (28.653) is within average values for comparable stocks, (47.199). ACN's Projected Growth (PEG Ratio) (3.050) is slightly higher than the industry average of (1.522). Dividend Yield (0.014) settles around the average of (0.032) among similar stocks. P/S Ratio (3.151) is also within normal values, averaging (2.866).
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Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
an investment holding company with interest in providing management consulting, technology and outsourcing services
Industry InformationTechnologyServices
ACN and
Correlation & Price change
A.I.dvisor indicates that over the last year, ACN has been closely correlated with CTSH. These tickers have moved in lockstep 69% of the time. This A.I.-generated data suggests there is a high statistical probability that if ACN jumps, then CTSH could also see price increases.
| Ticker / NAME | Correlation To ACN | 1D Price Change % | ||
|---|---|---|---|---|
| ACN | 100% | +0.97% | ||
| CTSH - ACN | 69% Closely correlated | +0.72% | ||
| GLOB - ACN | 68% Closely correlated | -1.34% | ||
| BR - ACN | 67% Closely correlated | -0.23% | ||
| GIB - ACN | 66% Closely correlated | -1.30% | ||
| ASGN - ACN | 66% Closely correlated | +4.72% | ||
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