Accenture plc (ACN) stock price declined in its latest intraday trading, amid the dominance of the main short-term bearish trend. This comes with continued negative pressure from trading below its 50-day SMA, which limits the chances of a full recovery in the near term. This is especially evident as a negative crossover begins to appear in the Stochastic indicator after reaching extremely overbought levels that are exaggerated relative to price action, suggesting the beginning of a negative divergence.

Therefore, our expectations indicate a decline in the stock price during its upcoming trading sessions, as long as the resistance level at 208.00 remains intact, targeting the support level at 177.50.

Today’s price forecast: Bearish

Ethereum (ETHUSD) witnessed fluctuating trading on its recent intraday levels, amid its attempts to surpass the negative pressure of EMA50, supported by its continued trading alongside main bullish trend line on short-term basis, providing renewed bullish momentum that helps it to settle against the negative pressure, on the other hand, we notice the emergence of the negative signals from the relative strength indicators after reaching overbought levels, which might reduce the attempts of rising in the upcoming near period.

Brent crude oil price keeps fluctuating on its recent intraday levels, holding alongside bearish corrective trend line on the short-term basis, with the continuation of the negative pressure due to its trading below EMA50, intensifying the negative pressures around it, and reduces the chances of its full recovery on near-term basis, on the other hand, we notice the emergence of positive overlapping signals on the relative strength indicators, after offloading its overbought conditions, which helped it to stabilize in its last moves.

Bitcoin (BTCUSD) price rose in its recent intraday trading, to breach $75,800 resistance, taking advantage of the dynamic support that is represented by its trading above EMA50, with the dominance of the main bullish trend on short-term basis, with its trading alongside main and minor trend lines for this path, on the other hand, we notice the emergence of the negative signals from the relative strength indicators, after reaching overbought levels, attempting to offload this overbought conditions, which reduced the last gains.