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Accenture Stock Surges as Generative AI Powers BookingsAccenture (NYSE: NYSE:ACN ), a global leader in business management consulting and technology services, has recently made headlines after its fourth-quarter earnings report exceeded revenue expectations, driven primarily by its leadership in generative AI. With strong financial performance and promising technical indicators, the stock presents a compelling opportunity for investors. Let’s dive into both the fundamental and technical aspects that make NYSE:ACN a stock to watch. Generative AI and Strategic Acquisitions Drive Growth Accenture’s fourth-quarter performance reflected strong growth, particularly in the realm of generative AI. New bookings jumped 21% to $20.1 billion, with $1 billion of that attributed to generative AI services. CEO Julie Sweet confidently described generative AI as "the most transformative technology of the next decade," positioning Accenture as a frontrunner in this space. These bookings for AI-related services are expected to grow even further, reaching $3 billion by the end of the fiscal year. Revenue and EPS Beat Accenture (NYSE: NYSE:ACN ) reported $16.41 billion in revenue for Q4, a 2.6% year-over-year increase that exceeded analyst forecasts. Adjusted earnings per share (EPS) came in at $2.79, just above the consensus estimate of $2.78. The company’s growth has been further fueled by a series of acquisitions. Notably, acquisitions have contributed 3% to fiscal 2025 revenue growth, with $5.2 billion in acquisitions completed this fiscal year alone. Positive Fiscal 2025 Outlook For fiscal 2025, Accenture (NYSE: NYSE:ACN ) predicts revenue growth in the range of 3% to 6%, projecting total revenue between $66.84 billion and $68.79 billion. This growth is further supported by a robust share repurchase program, with an additional $4 billion allocated, bringing the total buyback authorization to $6.7 billion. The firm also increased its quarterly dividend by 15%, reflecting confidence in its future performance. Technical Outlook: On the technical side, NYSE:ACN is displaying strong bullish momentum. Following the earnings beat, Accenture shares (NYSE: NYSE:ACN ) surged by 4.33%, pushing the stock above key resistance levels. The stock now trades around $354, up nearly 5% on the day, and has moved into positive territory for the year. The technical indicators are signaling further upside potential. RSI and Moving Averages At the time of writing, Accenture’s Relative Strength Index (RSI) sits at 64.49, which is close to the overbought level but still provides room for further growth. An RSI above 70 typically indicates overbought conditions, so the current level suggests a bullish trend without reaching an extreme. Additionally, the stock is trading above key moving averages, including the 50-day and 200-day moving averages, signaling ongoing strength in the upward trend. Gap-Up Pattern One particularly noteworthy signal is the gap-up pattern in Accenture’s daily price chart. This pattern, characterized by a sharp increase in price that leaves a "gap" on the chart, often suggests strong investor sentiment and the potential for continued bullish momentum. In this case, the gap-up was fueled by the company's strong earnings report and positive outlook, setting the stage for further upward movement. Resistance and Support Levels The stock is approaching a key resistance level around $360. A successful break above this point could see NYSE:ACN test even higher levels, potentially targeting the $380 range. On the downside, the nearest support level sits around $340, which has held strong in previous sessions. With the stock trading above both short- and long-term moving averages, the technical picture suggests that NYSE:ACN is poised for continued growth in the near term. Conclusion Accenture’s fourth-quarter earnings report highlights the company’s robust growth trajectory, driven by its strategic leadership in generative AI and ongoing acquisitions. On the technical front, the stock is showing strong bullish momentum, backed by favorable RSI levels, a gap-up pattern, and support from key moving averages. With a positive fiscal outlook, increased dividend, and an aggressive stock buyback program, Accenture is positioned as a compelling buy for investors looking to capitalize on both technological innovation and solid financial performance.
NYSE:ACNLong
by DEXWireNews
Accenture Faces Headwinds as Fiscal-Year Revenue Guidance FallsAs the Dublin-based global tech services and consulting firm grapples with shifting tides, its recent fiscal second-quarter earnings report has left investors on edge. Despite beating estimates, Accenture's decision to revise its full fiscal year revenue outlook downwards has sent shockwaves through the market, prompting a sharp decline in Accenture ( NYSE:ACN ) stock. Navigating Turbulent Waters: Accenture's fiscal second-quarter earnings, though impressive on the surface, reveal underlying challenges. While adjusted earnings per share stood at $2.77, representing a modest 3% decrease, revenue, bolstered by acquisitions, rose by 5% to $15.8 billion. However, it's the company's revised full-year revenue growth forecast, now pegged at 1% to 3%, that has investors concerned, marking a significant deviation from the earlier projection of 2% to 5% growth. Accenture's Struggle: Consulting Conundrum One area of concern highlighted by analysts is the apparent weakness in Accenture's consulting segment. Despite the company's ongoing efforts to diversify its portfolio and expand into burgeoning sectors like digital marketing, cloud computing, and artificial intelligence (AI), challenges in the consulting realm persist. However, amidst the gloom, there's a glimmer of hope as demand for AI projects continues to surge, with fiscal Q2 bookings witnessing a remarkable 50% quarter-over-quarter increase, reaching $600 million. Investor Sentiment and Strategic Moves: The market's response to Accenture's ( NYSE:ACN ) earnings report was swift and decisive, with shares plummeting by 5.9% to near 357.99. But shortly after the stock surged to about $380 per share price. This sharp decline signals a departure from the stock's earlier trajectory, which had seen an 8% increase in 2024. Looking ahead, analysts remain cautious, with revenue projections for the third fiscal quarter falling short of expectations. Despite the headwinds, Accenture ( NYSE:ACN ) remains proactive in its approach, bolstering investor confidence through strategic initiatives. In 2023, the company demonstrated its commitment to shareholders by hiking its quarterly dividend and expanding its stock buyback program. Moreover, Accenture's relentless pursuit of acquisitions underscores its determination to stay at the forefront of innovation, particularly in key growth areas like AI and digital marketing.
NYSE:ACNLong
by DEXWireNews
ACCENTURE Neutral within the 1D MA50 and MA200. Trade carefully.Accenture (ACN) has been rising within a Channel Up pattern since the March 15 bottom but recently entered a corrective wave to form the new Higher Low. This is in the form of a Channel Down pattern that heavily rejected the price yesterday on the 1D MA50 (blue trend-line). This rejection is dangerous as it turned the 1D MACD from a Bullish into a Bearish Cross in a matter of 4 days. If the 1D MA200 (orange trend-line) holds, we will buy when the price breaks above the Channel Down and target 345.00 (almost the April 05 2022 High). If it closes a 1D candle below Support 1 (294.50) and the 1D MA200 (orange trend-line), we will take the loss and sell, targeting 281.50 (symmetrical -10.80% decline). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYSE:ACN
by TradingShot
ACN Accenture plc Options Ahead of EarningsIf you haven`t sold ACN here: Then analyzing the options chain and the chart patterns of ACN Accenture plc prior to the earnings report this week, I would consider purchasing the 315.50usd strike price Calls with an expiration date of 2023-10-20, for a premium of approximately $9.10. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NYSE:ACNLong
by TopgOptions
ACN | InformativeNYSE:ACN Technical Analysis for ACN: If ACN breaks above the bullish line of 293$, it may indicate a bullish signal, suggesting potential upward price movement. In this scenario, the first target price (TP1) could be set at 296$, while the second target price (TP2) could be set at 304$. Conversely, if ACN breaks below the bearish line of 285$, it may suggest a bearish signal, implying potential downward price movement. In this case, the first target price (TP1) could be set at 280$, and the second target price (TP2) could be set at 270$. Fundamental Analysis for ACN: ACN is a global consulting and professional services company known for its digital, technology, and operations expertise. With a strong track record and a wide range of clients across various industries, ACN has established itself as a leader in the consulting sector. The company benefits from a global presence, a diversified portfolio of services, and a strong reputation for delivering value to its clients. ACN's financial performance, strategic partnerships, and ability to adapt to technological advancements are important factors to consider when assessing its long-term growth potential. Additionally, ACN has a proven ability to navigate and thrive in dynamic market conditions. The company's focus on digital transformation, cloud computing, and emerging technologies positions it well to capitalize on evolving industry trends. ACN's strong financial performance, including consistent revenue growth and healthy profit margins, reflects its operational efficiency and effective cost management. Furthermore, ACN's robust client relationships and long-term contracts provide stability and recurring revenue streams. The company's commitment to innovation is evident through its investments in research and development, strategic acquisitions, and partnerships with leading technology companies. This positions ACN to stay at the forefront of industry advancements and offer cutting-edge solutions to its clients.
NYSE:ACN
by shkspr
Nimble long on Accenture. ACNThree soldiers confirm on otherwise up moving momentum that left OBOS area. Two goals are put with Fibonacci in mind, but also reflect the two possibilities of either being in a triangle or a more neutral channel. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
NYSE:ACNLong
by Rykin_Capital
NASDAQ BLOCKCHAIN ECONOMY INDEX🧾 Intro The Nasdaq Blockchain Economy Index is designed to measure the returns of companies that are committing material resources to developing, researching, supporting, innovating or utilizing blockchain technology for their proprietary use or for use by others. The Index began on December 1, 2017 at a base value of 1,000.00. TOP 10 HOLDINGS and Index Weight • As of June 30, 2021: 1. COINBASE GLOBAL (COIN): 2.26 2. IBM (IBM): 1.87 3. ACCENTURE (ACN): 1.82 4. SILVERGATE CAPITAL (SI): 1.81 5. FUJITSU (6702): 1.80 6. OVERSTOCK.COM (OSTK): 1.79 7. MICROSTRATEGY (MSTR): 1.78 8. BAIDU (BIDU): 1.78 9. JD.COM (JD): 1.76 10. SQUARE (SQ): 1.73 --------------------- Total = 18.41 Source: indexes.nasdaqomx.com 📈 Graphic Analysis I believe this week we will see the breakout of that orange diagonal line, peaking up to the 0.5 retracement at $1443.60.
RLong
by andre_007
Double two on Accenture complete. ACNWe are seeing a double two finished on Accenture. This implies a start of a new corrective fractal, hence outlook is bearish with one goal at this stage. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
NYSE:ACNShort
by Rykin_Capital
Shifting gears on Accenture. ACN We previously had a short on Accenture with a single goal that we did not reach. Exited manually with a profit smaller than planned for. This prompted a review of the fractal map for this stock, leading us to change our stance to a bullish one. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
NYSE:ACNLong
by Rykin_Capital
Accenture Turns UpwardTicker: ACN Idea: Long Horizon: 1 month Target: $300 Stop order: $253 Technical analysis The price of the stock has pushed away from the resistance level. Idea for the growth of the paper with a target of $300. Fundamental Factor. Accenture is a consulting company that provides consulting services to organizations in the areas of strategic planning, optimization and organization of business process outsourcing, customer relationship management, logistics process management, human resources management and information technology implementation. The company will report financial results for the fourth quarter of fiscal year 2022 on Thursday, Sept. 22. Analysts expect revenue of $15.426 billion and earnings per share of $2.57. If the report beats analysts' expectations and the company's management gives a good outlook, the market could put that positive spin on the price.
NYSE:ACNLong
by SiriusBH
ACN-SHORT TERM BULLISH SCENARIOIn the 1-hour chart clearly, we can spot the downtrend. On the 16th of June ACN formed a double bottom and the price headed to the major resistance level of $ 300.The scheduled Earnings report will play a major role in the resistance`s future. If the breakout is successful, the next goal for ACN will be to test the $ 315 local resistance. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
NYSE:ACNLong
by legacyFXofficial
1
Stocks at OPPORTUNITY Levels!Buenos dias! I am back from a vacation to Panama (the country, not the Redneck Riviera) where I had a refreshing time and I'm ready to hunt for opportunities and share! Many great stocks have pulled back to their 50% Retracement Levels. If you follow my ideas you know that this is my favorite technique for finding opportunities in any instrument. I use a winner from this year, one of the best stocks of 2022, Coca-Cola NYSE:KO as a proof of concept as it is up over 7% from a second 50% Retracement retest last week. The new opportunities I am finding at these levels are: NYSE:ACN NASDAQ:AMAT NYSE:NVR NASDAQ:TSLA NASDAQ:GOOG
AMEX:SPYLong
by norok
4
ACCENTURE PLC - BEARISH CONTINUATIONThe downtrend is more likely to continue for Accenture plc. The next stop is located at the $292 support level. Breakout will trigger new sales to the next major support at $ 277. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
NYSE:ACNShort
by legacyFXofficial
Accenture accenting its demise. ACNImmediate targets 292, 278. Invalidation 381. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
NYSE:ACNShort
by Rykin_Capital
ACN stock performance seems as a safe investmentAccenture plc is an Irish company that continues to be a grow-based multinational professional services company that specializes in IT services and consulting with 569,000 employees, 231.68 B market cap After reviewing the company's financial reports from (yahoo finance) we can take an overview about the company performance in the last 3 years is rising straight THE NET INCOME 5,906 B in 30/8/2021 +799 M +15.64 % 5,107 B in 30/8/2020 + 328 M +6.86 % 4,779 B in 30/8/2019 + 720 M +17.73 % 4,059 B in 2018 ------------------------------------------ TOTAL ASSETS 43,176 B in 30/8/2021 + 6,098 B +16.44 % 37,078 B in 30/8/2020 +7,288 B +24.46 % 29,790 B in 30/8/2019 +5,341 B +21.84 % 24,449 B in 2018 ------------------------------------------ TOTAL DEBT 3,506 B in 30/8/2021 + 0.021 B + 0.60 % 8.12% comparison by assets 3,485 B in 30/8/2020 + 3,462 B +15738.18 % 9.40 % comparison by assets 22,66 M in 30/8/2019 - 2.35 M -9.39 % 0.073 % comparison by assets 25,01 M in 2018 ================== Final result <<< we have seen the net income of the company is constantly increasing making a positive sign for the investors, The total assets constantly increasing which increases the company power, For the debt, we have seen a huge increase in the 2020 year compared to the 2019 year. but in the end, the company will pay its debt easily Previous results do not give guarantees for future results, but we can see that the company has successful management and is in continuous development. ACN stock is a good buy stock right now
NYSE:ACNLong
by youssefallax
2