Do acn has Positive momentum indication tomorrow
9/25/2024 10:37pm
**Accenture (ACN) does not have a positive momentum indication for tomorrow**, as evidenced by the following analysis:
1. **Analyst Ratings and Price Targets**: The consensus rating for ACN is "Neutral" with an average price target of $358.25. This suggests that analysts do not see strong positive momentum for the stock in the near term.
2. **Technical Indicators**: The Moving Average Convergence Divergence (MACD) is negative at -3.34, indicating bearish momentum. The Relative Strength Index (RSI) is at 47.03, which is neither overbought nor oversold. The KDJ indicator shows a value of 17.59, which is in the oversold territory but does not necessarily indicate positive momentum.
3. **Support and Resistance Levels**: The stock is currently trading below its resistance level of $343.47 and above its support level of $337.63. This suggests that the stock is trading in a narrow range, which does not necessarily indicate strong positive momentum.
4. **Recent Earnings and Growth**: There has been a slight increase in earnings estimates, with two analysts revising their estimates upwards in the last 60 days. However, the average earnings surprise is only 2.9%, which does not suggest a strong positive momentum in earnings growth.
5. **Market Sentiment**: The overall market sentiment is cautious, with a "Neutral" rating from analysts and a slight increase in price target, but not enough to suggest strong positive momentum.
While the stock has shown some positive momentum today, the combination of analyst ratings, technical indicators, recent earnings, and market sentiment suggests that ACN does not have a positive momentum indication for tomorrow.