Accenture plc (ACN)
Accenture plc is an Irish-domiciled multinational company that provides consulting and processing services. It has been incorporated in Dublin, Ireland since 2009.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is decreasing.
- The decline rate of the primary trend is 2.49% per annum.
- ACN price at the close of April 26, 2024 was $308.01 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 26.45% per annum.
- ACN price at the close of April 26, 2024 was lower than the bottom border of the secondary price channel by $20.96 (6.37%). This indicates a possible reversal in the secondary trend direction.
- The direction of the secondary trend is opposite to the direction of the primary trend. This indicates a possible reversal in the direction of the primary trend.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of ACN price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: March 26, 2021
End date: November 13, 2023
a = 5.7713
b = -0.0001
s = 0.0959
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0001) – 1
= -2.49%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0959) – 1
= 46.76%
March 26, 2021 calculations
Top border of price channel:
Exp(Y482)
= Exp(a + b × X482 + 2 × s)
= Exp(a + b × 697 + 2 × s)
= Exp(5.7713 + -0.0001 × 697 + 2 × 0.0959)
= Exp(5.9149)
= $370.53
Bottom border of price channel:
Exp(Y482)
= Exp(a + b × X482 – 2 × s)
= Exp(a + b × 697 – 2 × s)
= Exp(5.7713 + -0.0001 × 697 – 2 × 0.0959)
= Exp(5.5313)
= $252.47
November 13, 2023 calculations
Top border of price channel:
Exp(Y1,145)
= Exp(a + b × X1,145 + 2 × s)
= Exp(a + b × 1,659 + 2 × s)
= Exp(5.7713 + -0.0001 × 1,659 + 2 × 0.0959)
= Exp(5.8484)
= $346.68
Bottom border of price channel:
Exp(Y1,145)
= Exp(a + b × X1,145 – 2 × s)
= Exp(a + b × 1,659 – 2 × s)
= Exp(5.7713 + -0.0001 × 1,659 – 2 × 0.0959)
= Exp(5.4648)
= $236.22
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 2.49% per annum.
- ACN price at the close of April 26, 2024 was $308.01 and was inside the primary price channel.
Secondary Trend
Start date: September 14, 2022
End date: April 2, 2024
a = 4.7270
b = 0.0006
s = 0.0518
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0006) – 1
= 26.45%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0518) – 1
= 23.04%
September 14, 2022 calculations
Top border of price channel:
Exp(Y852)
= Exp(a + b × X852 + 2 × s)
= Exp(a + b × 1,234 + 2 × s)
= Exp(4.7270 + 0.0006 × 1,234 + 2 × 0.0518)
= Exp(5.6240)
= $276.99
Bottom border of price channel:
Exp(Y852)
= Exp(a + b × X852 – 2 × s)
= Exp(a + b × 1,234 – 2 × s)
= Exp(4.7270 + 0.0006 × 1,234 – 2 × 0.0518)
= Exp(5.4167)
= $225.12
April 2, 2024 calculations
Top border of price channel:
Exp(Y1,240)
= Exp(a + b × X1,240 + 2 × s)
= Exp(a + b × 1,800 + 2 × s)
= Exp(4.7270 + 0.0006 × 1,800 + 2 × 0.0518)
= Exp(5.9879)
= $398.57
Bottom border of price channel:
Exp(Y1,240)
= Exp(a + b × X1,240 – 2 × s)
= Exp(a + b × 1,800 – 2 × s)
= Exp(4.7270 + 0.0006 × 1,800 – 2 × 0.0518)
= Exp(5.7805)
= $323.94
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 26.45% per annum.
- ACN price at the close of April 26, 2024 was lower than the bottom border of the secondary price channel by $20.96 (6.37%). This indicates a possible reversal in the secondary trend direction.