uploads/2017/07/6-2.png

Chart in Focus: Accenture’s Stock Trends in July 2017

By

Updated

Stock trends

Technology (QQQ) stock Accenture (ACN) has generated returns of -1.4% in the trailing-one-month period and 9.2% in the trailing-12-month period. Accenture stock has risen 5.8% since the start of 2017. In comparison, it rose 14.3% in 2016. In five trading days, Accenture stock rose 1.3% to close at $123.93 on July 3, 2017.

In comparison, ACN’s communication equipment peers IBM (IBM), Cisco Systems (CSCO), and Cognizant Technology Solutions (CTSH) generated returns of 2.1%, 8.9%, and 16.6%, respectively, over the trailing-12-month period.

Article continues below advertisement

Moving averages

On July 3, 2017, Accenture closed the trading day at $123.93. Based on this figure, here’s how the stock has fared in terms of its moving averages:

  • 1.6% above its 100-day moving average of $122.00
  • 0.6% above its 50-day moving average of $123.19
  • 1.1% below its 20-day moving average of $125.26

Moving average convergence divergence

Accenture has an MACD (moving average convergence divergence) of -0.1. A negative MACD indicates a downward trading trend. MACD measures the difference between a company’s short-term and long-term moving averages.

Accenture has a 14-day RSI (relative strength index) score of 37, indicating that the stock is close to oversold territory. If an RSI score is above 70, it indicates that the stock is overbought. An RSI score below 30 suggests that a stock is oversold.

What analysts recommend for Accenture

Of the 28 analysts covering Accenture, 16 gave it a “buy” recommendation, one recommended a “sell,” and 11 recommended a “hold.” The analyst stock price target for the company is $132.04, with a median target estimate of $132.50. Accenture is trading at a discount of 6.9% to its median target.

Advertisement

More From Market Realist