ACN Volatility Squeeze Intensifies at $179.53
Accenture PLC (ACN) slipped 3.50% to $179.53 on April 11.
Technical indicators paint a bearish picture:
Moving Averages
Moving averages are stacked bearishly—price below the 9-day at $191.63, resistance at 21-day ($197.07).
Momentum
RSI at 29.4 is depressed in oversold territory, where bounces often originate. MACD is bearish (-6.44 vs signal -6.23).
Volatility
Volatility has been compressing for 19 sessions (TTM Squeeze active), often a precursor to directional moves.
Despite the bearish EMA structure, oversold RSI suggests patient buyers may find opportunity near $185.13.
Technical levels: $185.13 support, $206.52 resistance.
