4 Trade Ideas for Accenture: Bonus Idea

  • Posted by on November 2nd, 2026 at 7:15 am

Here is your Bonus Idea with links to the full Top Ten:

Accenture, $ACN, comes into the week at resistance.  It is also at the 78.6% retracement of the pullback that the stock faced from January to the low in June. The RSI is rising in the bullish zone with the MACD positive and curling back up. There is resistance at 260 and 272 then 281 and 290. Support comes at 247 and 242. Short interest is moderate at 3.4%. The stock pays a dividend with an annual yield of 2.65% and has traded ex dividend since October 13th.

The company is expected to report earnings next on December 16th. The November options chain shows biggest open interest at 232.50 on the put side, but much bigger at 260 then 240 on the call side.  In the December chain biggest open interest is at the 210 strike put. On the call side it is biggest at 260 then 285. Finally, in the January chain, open interest is biggest by far at the 240 put. On the call side it is very large at 250 and 300.

Accenture Ticker: $ACN

Trade Idea 1: Buy the stock on a move over 260 with a stop at 250.

Trade Idea 2: Buy the stock on a move over 260 and add a November 255/245 Put Spread ($5.10) while selling the December 300 Calls ($5.50).

Trade Idea 3: Buy the November/December 280 Call Calendar ($8.60) while selling the December 220 Puts ($4.30).

Trade Idea 4: Buy the January 220/270/300 Call Spread Risk Reversal ($5.30).

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After reviewing over 1,000 charts, I have found some good setups for the week. These were selected and should be viewed in the context of the broad Market Macro picture reviewed Friday, which with October and the FOMC meeting in the books, saw equity markets spooked by the combination of strong earnings growth, disappearing free cashflow and capex growth. They now face the midterm elections and non-farm payrolls report. No rest for the spooked.

Elsewhere, look for Gold to continue lower in a downtrend with Crude Oil resuming the short term move higher. The US Dollar Index looks to break consolidation over the top of the zone on the verge of an uptrend while US Treasuries knock on the door of a retest of the breakdown levels. The Shanghai Composite continues the downtrend after confirming a long rounding top while Emerging Markets now shift to a short term downtrend.

The Volatility Index looks to continue in elevated territory, putting pressure on equities. The chart of the SPY is breaking through support in the short term while the IWM and QQQ continue their short terms move lower. The SPY and QQQ continue to look stronger on the longer timeframe but are cracking through their consolidation ranges while the IWM continues in a short term downtrend. Use this information as you prepare for the coming week and trad’em well.