Energy Building: ACN Consolidates Tightly at $189.61
Shares of Accenture PLC (ACN) rose 1.19% to $189.61 on August 29.
Key indicators suggest a bullish bias:
Moving Averages
Bullish EMA alignment intact with price above the 9-day at $184.00 and 21-day at $176.90.
Momentum
RSI at 65.5 is in neutral territory. 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.
The bullish trend is intact, but overbought momentum readings suggest waiting for a pullback.
Technical levels: $165.31 support, $191.88 resistance.
