Accenture plc’s stock price (ACN) extended its decline in latest intraday trading, amid the dominance of the main downward trend in the short term and trading alongside a descending trend line, with ongoing negative pressure from trading below the 50-day SMA. This drop positions the stock to potentially break the pivotal support level of $276.00, especially with negative signals streaming from the Stochastic after previously reaching extremely overbought levels.

 

Therefore we expect the stock to decline further in upcoming trading, particularly if it breaks the mentioned support of $276.00, targeting the next support level at $261.00.

 

Today’s price forecast: Bearish