Accenture plc is a global professional services company. Co. is engaged in providing a range of services and solutions across strategy and consulting, technology, operations, Industry X and Accenture Song. Its services include application services, artificial intelligence, automation, business process outsourcing, business strategy, change management, cloud, customer experience, data and analytics, ecosystem partners, finance consulting, Industry X, infrastructure, marketing, operating models, security, supply chain management, technology consulting, technology innovation and zero-based budgeting (ZBB).
When researching a stock like Accenture, many investors are the most familiar with Fundamental Analysis — looking at a company's balance sheet, earnings, revenues, and what's happening in that company's underlying business. Investors who use Fundamental Analysis to identify good stocks to buy or sell can also benefit from ACN Technical Analysis to help find a good entry or exit point. Technical Analysis is blind to the fundamentals and looks only at the trading data for ACN stock — the real life supply and demand for the stock over time — and examines that data in different ways. One of those ways is to calculate a Simpe Moving Average ("SMA") by looking back a certain number of days. One of the most popular "longer look-backs" is the ACN 200 day moving average ("ACN 200 DMA"), while one of the most popular "shorter look-backs" is the ACN 50 day moving average ("ACN 50 DMA"). A chart showing both of these popular moving averages is shown on this page for Accenture. Comparing two moving averages against each other can be a useful visualization tool: by calculating the difference between the ACN 200 DMA and the ACN 50 DMA, we get a moving average convergence divergence indicator ("ACN MACD"). The ACN MACD chart, in conjunction with the chart of the moving averages, basically helps in visualizing how the moving averages are showing convergence (moving closer together), or divergence (moving farther apart). |
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Video: Technical Analysis