ACN Accenture PLC Chart, History Price & Graph

Key Takeaways

• ACN is in a pronounced downtrend, trading near its 52-week low of 182.38 after declining over 30% year-to-date and 34% over the past year.
• Price action shows lower highs and lows, with the stock recently bouncing from a multi-year rising support line held since 2016 and key levels around 191.55.
• Momentum indicators are bearish: RSI(14) at approximately 34-44 (sell/neutral), MACD negative at -0.76 to -5.22 (sell), and most oscillators signaling sell or oversold conditions.
• All major moving averages (5-day to 200-day SMA/EMA) are declining, with price below 50-day MA near 218 and 200-day MA near 251, confirming bearish trend.
• Traders watch support at 182-193 and resistance at 195-205; volume has shown spikes on downside moves, with recent consolidation suggesting potential accumulation.

Trend Analysis

The chart of ACN reflects a clear bearish trend across multiple timeframes. Over the past year, the stock has formed lower highs and lows, dropping from a 52-week high of 325.71 to recent lows near 182.38. Monthly charts highlight a return to a critical multi-year rising support line dating back to 2016, where price has shown rejection and initial bounce attempts. In the last 30 days, ACN has declined about 11-12%, with intraday volatility evident in sessions like recent drops of 3-5%. Quarterly performance remains weak, down over 25% year-to-date, as price remains confined below key trendlines.

Support and Resistance Levels

Key support zones cluster around 182.38 (52-week low), 191.55-193 (recent lows and pivot S1 levels), and 187-192 from classic pivots. Resistance begins at 194-195 (pivot and R1), extending to 199-205 (R2/R3 and short-term highs). These levels align with Fibonacci retracements and prior consolidation areas. A hold above 191 could stabilize near-term action, while a breakdown below 182 may accelerate downside. Upper resistance near 218 (50-day MA) caps any rebound potential.

Moving Averages

ACN trades below all major moving averages, reinforcing the downtrend. The 5-day SMA sits at 195-198 (sell), 20-day at 197-198 (sell), 50-day SMA at 218 (sell), 100-day at 241 (sell), and 200-day SMA/EMA around 250-251 (sell). Exponential MAs show similar bearish alignment, with price action failing to cross above shorter-term averages like MA10 or MA20. This death cross configuration (shorter MAs below longer ones) signals sustained selling pressure.

Momentum Indicators

Momentum remains tilted bearish. RSI(14) hovers in the 34-44 range, indicating sell to neutral with oversold hints (below 30 in spots). MACD(12,26) is deeply negative at -0.76 to -5.22, with the histogram confirming downward momentum. Stochastic and Williams %R show oversold readings (25 and -96), suggesting possible short-term relief bounces. ADX above 30 points to a strong trend, while CCI at -194 underscores selling exhaustion near supports.

Volume and Market Activity

Volume has spiked on downside moves, with recent sessions exceeding the 3-month average of 6.83 million shares—examples include 5.3 million on sharp drops. Decreasing volume during brief consolidations hints at accumulation, as seen in ascending triangle formations on daily charts. Bear-dominant flow persists, but oversold conditions could draw dip-buyers if support holds.

Price Action and Patterns

Recent price action features a 4H falling wedge breakout after testing multi-year support, alongside daily ascending triangles with higher lows. Patterns like EW ABC corrections, bullish butterfly at Fibonacci confluences (1.27 extension), and double RSI divergences suggest potential reversal setups. Double bottoms and oversold bounces near weekly supports are noted, though the broader downtrend dominates without confirmed higher highs.

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Technical Outlook and Key Levels to Watch

Traders eye a potential stabilization near 191-193 supports, with oversold indicators and pattern breakouts like falling wedges signaling watch for bounces toward 195-205 resistance. A sustained hold above 194 pivot could test 50-day MA at 218, while failure risks 182 lows. Monitor MACD for histogram turns, RSI above 50 for momentum shifts, and volume for breakout confirmation. Multi-year support at 191.55 remains pivotal for trend pause or continuation.

Disclaimer

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