$ACN with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $ACN after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 77.78%.
ACN trade ideas
ACN Accenture Options Ahead Of EarningsIf you haven`t watched the previews article:
Then you should know that looking at the ACN Accenture options chain ahead of earnings , i would buy the $285 strike price Puts with
2023-1-20 expiration date for about
$10.70 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
#ACN to 345$?Hello dear Traders,
Here is my idea for #ACN
Price closed above yellow line (previous month high)
Price closed (15min Chart) above purple trigger line to enter trade.
Targets marked in the chart (black lines)
Invalidation level marked with red line
Good luck!
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Short $ACN from 304Not quite there yet, but we will wait for a fill at 304 = top of channel. This will only happen if we continue the pump monday, which is possible. Markets have been weak mid-week this year and "turn around Tuesday" has worked well as a short.
Entry: 304
SL: 324.25
TP: 242.75
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.
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.
Head and ShouldersACN is below the neckline of a Head and Shoulders pattern (look left) and has fallen from a rectangle.
The bottom support line of the horizontal trading channel has been broken. That is now resistance.
Targets for each structure in orange below the structures.
No recommendation
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.
$ACN with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $ACN after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 75%.
ACN Accenture Options Ahead Of EarningsLooking at the ACN Accenture options chain, i would buy the $275 strike price Calls with
2022-10-21 expiration date for about
$9.70 premium.
Looking forward to read your opinion about it.
Ascendyea?Chart looks pretty good for a long - expecting lows to hold if they do not I will need to make new reaction lines - moon it.
RECTANGLE//HEAD & SHOULDERSPrior Head & Shoulders pattern.
Price is below the neckline, but is still inside the Rectangle .
Targets in white above the Rectangle are possible if price breaks the resistance line.
Targets in orange are for a break the Rectangle support line.
Alternate Bearish Shark noted inside the Rectangle . Price terminated at the 1.113 on the 4th leg and broke the resistance of the H&S neckline for several trading sessions.
Short interest in under 1%.
Earnings 9-22 BMO .
The rectangle is neutral until a trendline is broken.
Price would have to break bottom trendline of Rectangle to meet 'it's targets.
No recommendation
Buy $ACN - NRPicks 08 JulAccenture plc, a professional services firm, provides strategy and consulting, interactive, and technology and operations services worldwide. It also provides data-enabled operating models; technology consulting and artificial intelligence services.
Head and ShouldersI also see a double bottom that may provide support.
Earnings were mixed.
No recommendation.
Accenture plc, a professional services company, provides strategy and consulting, interactive, and technology and operations services worldwide. The company offers application services, including agile transformation, DevOps, application modernization, enterprise architecture, software and quality engineering, data management, intelligent automation comprises robotic process automation, natural language processing, and virtual agents, and liquid application management services, as well as program, project, and service management services; strategy consulting services; critical data elements, data management and governance, data platform and architecture, product-based organization and skills, business adoption, and value realization services; engineering, and research and development digitization; smart connected product design and development; product platform engineering and modernization; product as-a-service enablement; products related to production and operations; autonomous robotics systems; the digital transformation of capital projects; and digital industrial workforce solutions. It also provides data-enabled operating models; technology consulting and artificial intelligence services; services related to talent and organization/human potential; digital commerce; infrastructure services, such as hybrid cloud, network, digital workplace and collaboration, service and experience management, infrastructure as code, and managed edge and IoT devices; cyber defense, applied cybersecurity, managed security, OT security, security strategy and risk, and industry security products; services related to technology innovation; and intelligent automation services. In addition, the company offers cloud, ecosystem, marketing, supply chain management, zero-based budgeting, customer experience, finance consulting, mergers and acquisitions, and sustainability services. Accenture plc was founded in 1951 and is based in Dublin, Ireland.
Earnings watch 6/23Earnings watch 6/23:
FDX
RAD
FDS
APOG
DRI
BB
ACN
SWBI
MEI
GMS
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
tickerTracker - MFI Oscillator
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WEEKLY PRICE AND TIME STRUCTUREAccenture is one of the stocks that tracks a replica of the DJIA structure
The price-time magnitudes show two wave XS and SV having a ratio of 1.618 : 1
Both points on 08/2015 and 12/2021 are nodal points within the current 17-year cycle.
The progression of the two ratios provides a range within which we can model the magnitude of the corrective wave
The immediate swing is SV = 456.326 units, this is a lunar cycle magnitude when expressed as a function of the Fibonacci sequence.
The 13th item on the Fib series is 233 units (F13)
29.53 * sq.root(233) = 450.75 units (with extra 5 units approximately)
(F10) = 29.53 * sq.root(55) = 219 units
Ratio of F13 to F10 = (F13 / F10) = 450.75/219 = 2.058
If we use the same 2.058 ratio for 456.326 then we have (456.326/2.058) = 221.732 units
The exact 50% correction = 456.326/2 = 228.163 units
So we have a range between 219 to 228 units to complete 50 percent correction of wave SV.
The upper limit is 228 units, a square 228 X 228 is drawn with the curve MN along which the 228 magnitude completes.
Anywhere along this curve where price touches completes the 228 magnitude extreme.
The current correction angle is almost vertical and if the correction follows a constant angle then it puts the time axis for the end of this correction between 20th March 2023 to 27th March 2023
That puts the price low at 198.37 price level
Trade safe, take care and good luck.
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.
ACN Buy the Dip Scenario A very strong uptrend has been provided on ACN
A nice dip can also be observed which can be acted upon
Observing the 100MA as the first point of support
This is the weekly chart
$ACN with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $ACN after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 60%.
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.
Buy $ACN - NRPicks 11 FebAccenture plc, a professional services company, provides strategy and consulting, interactive, and technology and operations services worldwide. The company offers application services, including agile transformation, application modernization, among others.
Revenue TTM 53.7B
Net Income TTM 6.1B
EBITDA TTM 9.0B
Debt/EBITDA TTM 0.35x
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
