ACN Selling Exhaustion Signals Near $196.73
Shares of Accenture PLC (ACN) declined 2.22% to $196.73 on February 25.
From a technical standpoint, the outlook appears bearish:
Moving Averages
The stock trades below its 9-day EMA ($215.86) with the 21-day ($232.93) acting as overhead resistance.
Momentum
RSI at 22.7 is approaching oversold territory, which may present buying opportunities. MACD reads -16.54 against its -13.04 signal line (bearish).
Volatility
Bollinger Band width at 37.2% indicates normal volatility.
Despite the bearish EMA structure, oversold RSI suggests patient buyers may find opportunity near $192.16.
Traders are watching $192.16 on the downside and $279.93 on the upside.
