Oct. 23 at 8:18 AM
$ACN
(PERSONAL ANALYSIS AND NOT A FINANCIAL RECOMMENDATION. DO YOUR OWN RESEARCH BEFORE TRADE OR INVEST!)
If we check the current situation that is taking place in Accenture, we will see (if we use technical analysis) that the price is at the 52-week low, in the same zone where a big and strong support zone is. For now, the price is trying to respect that support zone, which can be a good point of entry. As we see, the Earnings were positive. And to finish the conversation related to technical analysis, we see that the RSI is giving us possible bullish movement.
Now, if we talk about the fundamentals and the internal situation of ACN, maybe you have asked yourself why it isn't going up? Well, ACN is trying to do a clean transformation to AI solutions and new consulting services powered with generative AI. It's not being an easy job, but they are putting the effort to accomplish it + they fired 11k employees worldwide at September to optimize the Re-estructuration process.
