Accenture stock: buy or sell
May 17th, 2021
Accenture stock brief
- After making new highs last Friday, Accenture closed at $288.20 moving up a 1.01%
- The stock is configuring an uptrend pattern since last January, when it bottomed at $240.98. Up to date, the uptrend marked a 19.59% gain since the beginning of this rally
- Accenture plc, a professional services company, provides strategy and consulting, interactive, and technology and operations services worldwide. The company also provides outsourcing services.
Should I buy Accenture stock?
Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $ACN stock a buy?
In the current situation of Accenture there is just one buy setup eligible:
Uptrend buy setup
Accenture stock continues to trend higher since last January and marked a gorgeous 19.59% gain. Price marked a pull back in this uptrend at $279.14 last Wednesday, and since then it bounced off a 3.25%. Now, it's just 2.05% away from breaking out over its last top and resume the uptrend. The new buy point is therefore at $294.10. If you decide to enter this trade, the suggested stop loss is at $270.77
|Buy setup||Buy point||Stop loss||Risk|
|Uptrend buy setup||$294.10||$270.77||7.93%|
Should I sell Accenture stock?
"To sell or not to sell", if you are holding Accenture shares?. As when we have to buy shares, deciding when is the best time to sell is not a haphazard decision, and we must follow our own trading style. When selling, as well as buying, detailed setups are very easy to use but are only valid for selling stocks you already own, not for shorting $ACN stock
As a rule of thumb, you must never hold an investment that produces losses greater than those expected by the time of purchase. The timing to sell shares should always be determined by the stop-loss (automatic or manual)
Is it time to sell Accenture stock?
Currently, Accenture stock doesn't match any of our preferred sell setups, so if you hold Accenture stock and your operation is in profit probably is not time to sell now
In the last month, just one brokerage rating was published for Accenture
|May 6th, 2021|
|Robert W. Baird||Neutral|
Accenture stock analysis
Since last January, Accenture has been printing an uptrend that so far marked an amazing 19.59%. During this uptrend, the price gave some buy points on the breakouts. Latest low was last Wednesday, when price bounced at $279.14. Like in all uptrends, price needs to rest and now price is moving in a range between $294.10 and $279.14
$ACN at All-time Highs
Accenture did it again, and hit new all-time highs (ATH) last Friday at $294.50. Stock surged fast in the last 10 sessions, cracking new all-time highs 3 times
Supports and resistances
The current resistance levels are:
The current supports are:
The distance between the upper and lower bands is 4.04%, which means that volatility is low. Reduced volatility is often the antecedent to a sudden movement (up or down), so we must be alert and manage our buy or sell orders properly
Relative strength index
The RSI dropped below the overbought level of 70 in late April after just crossing to the overbough zone for 1 day (weak signal). The RSI value last Friday was 53.74. Since that level was lost, Accenture stock inched down a 1.48%
Accenture stock price history
Accenture IPO was on Jul 19th, 2001 priced at $11.27 per share1. Since then, ACN stock has risen by 2,457.23%, with an average of 129.33% per year. An investment of thousand dollars on the IPO would have a value of $25,572.32 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Accenture stock
How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price predictions are issued every day by banks, financial institutions and independent analysts.
Along with buy or sell recommendations, brokerage institutions release their price estimates based on the stock price action and the company fundamental data. Most of these predictions follow the publication of new financial data by the company, and usually. If you are a small investor you must not invest based on these forecasts.
In the last month we couldn't find any price target published for Accenture stock.
|Brokerage firm||Price target|
|May 6th, 2021|
|Robert W. Baird||Not available|
Earnings and financials
Shareholders event was hosted by Accenture ($ACN) last March after releasing the earnings report. Accenture reported earnings of $2.03 per share on sales of $12.1 billion. The consensus earnings estimate was $1.90 per share on revenue of $11.8 billion.Same quarter last year, reported EPS was $1.91, so recently posted EPS means an increase of 6.28%. Sales rose a 8.50% on an annualized basis in the , from $111.4B to $120.9B last quarter.
Accenture ($ACN) is hosting the Q3 earnings call late next June. Wall Street analysts forecast of $2.24, that is a 10.34% more than previous quarter.
Please read:The comments given in this post are personal and not recommendations for you to buy or sell shares. The author of this document does not have any knowledge of the individual situations of the reader, his or her own financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Thoughts are expressed for educative reasons only
|Friday, May 14th, 2021|
|Day range||$286.62 - $294.5|
|Average true range||$4.38|
|50d mov avg||$278.59|
|100d mov avg||$266.55|
|200d mov avg||$249.84|
|Earnings date||June 24th, 2021|