Low Volatility Setup: ACN Squeezes at $189.61
Accenture PLC (ACN) advanced 1.19%, ending the session at $189.61 on August 30.
From a technical standpoint, the outlook appears bullish:
Moving Averages
Price trades above the 9-day EMA ($184.00) with a bullish stack. The 21-day EMA at $176.90 provides support.
Momentum
RSI at 65.5 is showing no strong directional bias. MACD reads 7.86 against its 7.72 signal line (bullish).
Volatility
A 6-day TTM Squeeze suggests volatility is coiled and a breakout may be imminent.
While the trend remains bullish, elevated RSI warrants caution for new entries at current levels.
Traders are watching $165.31 on the downside and $191.88 on the upside.
