Accenture plc (ACN) stock advanced in its latest intraday trading, supported by a breakout above a main descending trendline in the short term, alongside positive momentum from trading above its 50-day simple moving average. This strengthens the likelihood of extending its gains in the coming sessions, especially amid positive signals from the relative strength indicators, despite approaching overbought levels.
Therefore, we expect the stock to rise in upcoming trading sessions as long as it remains above the 236.70$ support level, targeting the resistance level at 275.00$.
Todays stock forecast: Bullish.