- Accenture Plc’s (ACN) stock price has formed a red histogram.
- ACN stock price is trading at $312.02.
- Accenture’s (NYSE: ACN) annual profit margin has shown a decline.
The stock price of Accenture Plc is moving in a downward direction. In the weekly timeframe, the price of ACN stock is falling, and the price forms a pattern of lower lows.
Financial Data of Accenture Plc (ACN) stock
The current market price of ACN stock stands at $312.02, showing a slight decrease of 0.6% in today’s trading session. ACN stock typically sees an average trading volume of 2.4 Million.
The price of ACN stock hit a high of $417.37; immediately after this, the price started falling. The price fell down to $247 with a decline of around 43%.
The price of ACN is currently following a channel pattern in a range between $328 and $296. This overall pattern for ACN stock is bearish, raising the possibility of a breakdown below its support levels and the formation of new lows.
Examining the income statement, it is evident that the company’s profit margin percentage has been dwindling. In 2021, the profit margin stood at 11.6%, but by 2023, it plummeted to -10%. This substantial decline underscores the weakness in the company’s financial performance.
Over the past month, the ACN stock price has experienced a decline of -5.3%, indicating that the stock has faced challenges and is not performing well in recent months.
Accenture Plc (ACN) Stock Price Analysis
ACN by writer50_tcr on TradingView.com
Technical Indicators:
Regarding Accenture Plc stock, the MACD line is currently positioned below the signal line, and there is the formation of a red histogram. These indicators collectively suggest weakness in ACN stock and raise the possibility of price decreases in the upcoming days.
Analyzing the RSI for ACN stock, the RSI line is presently below the 14-day SMA line. Furthermore, both lines hover near the 50 level, indicating a neutral stance for the RSI. This neutrality implies uncertainty regarding the stock’s price direction at this time.
Conclusion
In summary, the direction of Accenture Plc stock’s price is currently in a downtrend, characterized by the formation of lower lows. The indicators are signaling weakness in ACN stock. Additionally, the earnings for ACN stock are declining, suggesting a potential price decrease in the days ahead.
Technical Levels
- Support Level: $247
- Resistance Level: $348
Disclaimer
The views and opinions of the author, or anyone named in this article, are for informational purposes only. They do not offer financial, investment, or other advice. Investing or trading crypto assets involves the risk of financial loss.
