Second Opinion® Weekly: ACCENTURE LTD (ACN)
Report created after market close on 01/21/22

Avoid

MarketEdge® Second Opinion

Downgraded

From Neutral on 01/20/22

$343.74

Price At Downgrade

-2.4%

Change Since Downgrade

4 Days

At Current Rating

Weekly Recommendation

Avoid the stock.
If you are Long; close position or monitor stock closely.

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Week's Activity (Close as of week ending 01/21/22)

Close
335.63
Change
-7.06
Volume
25300
Open
348.61
High
356.07
Low
335.25

MarketEdge Indicators

Opinion Score
Power Rating
Strong
Bearish Bullish
-41

Annual Chart

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Weekly Comment

The current technical condition for ACN is weak. Although the stock has pulled back from higher prices, ACN remains susceptible to lower prices. The stock has underperformed the market when compared to the S&P 500 over the last 50 trading days. ACN's chart formation indicates the stock is in a strong downward trend. The stock is in a short-term oversold condition based on a Slow % K stochastic reading of 20 or lower. Over the last 50 trading sessions, there has been more volume on down days than on up days, indicating that ACN is under distribution, which is a bearish condition. The stock is trading below a falling 50-day moving average which confirms the weak technical condition of ACN. ACN could find secondary support at its rising 200-day moving average.

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Price Analysis

Yr. High/Yr. Low

417.37 241.73

MO Chg.(%)

-16.9%

Trend Line Resistance

363.08

Trend Line Support

0

Buy Stop

413.45

Volatility(%)

2.4

Position

0

ADXR

35

Volume Analysis

Avg Volume(00)

23981

MO Chg.(%)

-10.9%

U/D Ratio/Slope

0.7 Down

On Balance Volume

Bearish

Positive OBV

Bearish

Negative OBV

Bearish

Money Flow (MF)

13

MF Slope

Bearish

Technical Analysis

Alpha/Beta

0.06 1.06

B.Bands

23

MACD ST/LT

Bearish Bearish

50-Day R.S.

0.97

Wilder's RSI

13

Sto. Fast/Slow

2 1

OBOS/RSV

2 77

C-Rate

-6.2
Moving Average Price % Slope
10 Day 358.11 94 Down
21 Day 383.30 88 Down
50 Day 376.23 89 Down
200 Day 329.99 102 Up

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