Accenture Plummets Nearly 7%, But Dramatic Reversal and After-Hours Gain Point to Monday Rebound
DUBLIN, IRELAND – Accenture Plc (ACN) shares experienced a brutal sell-off on Thursday, closing down nearly 7% in a day of extreme volatility. However, a stunning intraday reversal and positive after-hours trading are providing strong signals that the worst may be over, setting the stage for a potential rebound on Monday.
The consulting giant finished the day at
21.01 (6.86%). The carnage began immediately, with the stock gapping down at the open and plunging to a daily low of $273.19.
But just as the outlook seemed dire, the narrative shifted dramatically. Buyers stormed into the market, viewing the depressed price as a major opportunity. This triggered a powerful rally of more than $15 off the lows, pushing the stock to a high of $288.87. For the rest of the afternoon, the stock stabilized, successfully defending its gains.
The final, crucial sign of strength came after the closing bell. In after-hours trading, Accenture shares continued to climb, adding +$0.63 (0.22%) to reach $286.00. This post-market buying confirms that the positive momentum from the reversal is carrying forward.
Outlook for Monday: Upward Bounce Expected
Despite the hugely negative closing number, the underlying price action strongly suggests the market is poised for an upward move on Monday.
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The Powerful Reversal: The massive rally from the day’s low is the most significant technical event. It shows that the initial panic selling was completely absorbed by aggressive buying.
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Establishing a New Base: The stock’s ability to hold its ground in the afternoon demonstrates that a new support level has been established.
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Positive After-Hours Confirmation: The gain after the close is a clear signal that sentiment has shifted from bearish to bullish, with traders positioning for a recovery.
Investors on Monday will be watching to see if the stock can build on this newfound support. The dramatic intraday recovery, coupled with the positive after-hours activity, indicates that Accenture is highly likely to open with upward momentum as the market looks to reclaim more of Thursday’s steep losses.
Disclaimer: This article is an analysis based on the provided image and market conventions. It is not financial advice. Stock market performance is subject to a wide range of factors, and predictions are not guaranteed.
