Million

Resistance

Billion

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>ACN stock price has reported its 4th quarter financial results.</a> </li> 
 <li> <span>2</span> <a>The stock is at a critical point, the bears are confronting the bulls on the trendline.</a> </li> 
 <li> <span>3</span> <a>The ACN shares are on an uptrend, see the predictions below.&nbsp;</a> </li> 
</ul> 
<p>Accenture Plc (NYSE: ACN) has reported financial results for the fourth quarter of fiscal year 2023. In the report, Accenture kept a consistent development rate despite the difficulties in the worldwide market.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-financial-snapshot-of-the-latest-earnings-report-strong"><strong>Financial Snapshot of the Latest Earnings Report?</strong></h2> 
<p>The company generated Q4 sales of $16.0 Billion while the Generally Accepted Accounting Principles (GAAP) operating income showed slightly less returns. Adjusted operating income was $2.38 Billion, and adjusted operating margin expanded to 14.9%. The organization’s solid presence in various industry gatherings, like financial services, health &amp; public service, and resources, contributed to its positive performance.</p> 
<p>In addition, Accenture’s strong focus on meeting the needs of its clients has been reflected in new bookings of $72 Billion in fiscal 2023. The company also recorded 106 clients with quarterly bookings of more than $100 Million and reached a record 300 diamond clients, which are the company’s largest relationships.&nbsp;</p> 
<p>The company’s clients’ generative AI bookings of $300 Million in the last six months are also worth mentioning. This has positioned the company at the forefront of AI-fueled reinvention, which is a positive sign for its future growth.</p> 
<h3 class="wp-block-heading" id="strong-the-management-highlighted-the-company-s-focus-strong"><strong>The Management Highlighted the Company’s Focus</strong></h3> 
<p>Julie Stheyet, the chair and CEO of Accenture, expressed her pride in achieving another year of strong financial performance in fiscal year 2023. She highlighted the company’s focus on creating 360° value for all stakeholders, which is reflected in its performance.&nbsp;</p> 
<p>She thanked the 733,000 people who made these results possible, and whose focus is on creating value for all stakeholders. This is a clear indication of the company’s commitment to its employees and shareholders alike, which bodes well for its future growth.</p> 
<h2 class="wp-block-heading" id="strong-technical-analysis-and-prediction-of-the-acn-stock-price-strong"><strong>Technical Analysis and Prediction of the ACN Stock Price&nbsp;</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img loading="lazy" decoding="async" width="1600" height="799" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-221.png" alt="ACN Stock Price: Shares on a Critical Point, What is Ahead?" class="wp-image-180317" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-221.png 1600w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-221-300x150.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-221-1024x511.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-221-768x384.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-221-1536x767.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-221-360x180.png 360w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-221-750x375.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-221-1140x569.png 1140w" sizes="(max-width: 1600px) 100vw, 1600px">
  <figcaption class="wp-element-caption">
   NYSE: ACN chart&nbsp; by <a href="https://in.tradingview.com/chart/X78t0Vyp/?symbol=NYSE%3ALLY">TradingView</a>&nbsp;
  </figcaption>
 </figure>
</div> 
<p>At press time, the ACN <a href="https://www.thecoinrepublic.com/2023/10/15/backed-by-strong-financials-cey-stock-price-rose-11-6-in-5-days/" target="_blank" rel="noreferrer noopener">stock price</a> is trading at the level of $319 as the bears are confronting the bulls on the trendline. The British investors got a hold of the stock when it fell below the immediate support level of $304. However, the bulls gained back control when the ACN stock price touched its 2nd support level of $294.&nbsp;</p> 
<p>Moreover, the moving averages are currently below the trading price, which indicates that the stock’s strength is still bullish. The RSI, on the other hand, is showing a bullish move after rebounding from its oversold level of 30. Therefore, if the bulls can defeat the price rejections at the current trendline, the ACN stock will continue its bullish rally.</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>Accenture Plc (NYSE: ACN) reported its fundamental performance for the 4th quarter of this fiscal year. The company also highlighted its focus on 360° value for all stakeholders. The current ACN stock price is at a level below its trendline and the price prediction is bullish with a possibility that the bulls can gain back control.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<p><strong>Support Levels: </strong>$304, and $294</p> 
<p><strong>Resistance Levels: </strong>$327, and $342</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

ACN Stock Price: Shares on a Critical Point, What is Ahead?

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