Technical Analysis: AOL, Accenture And NQ Mobile

AOL Stock Technical Analysis

AOL Inc (NYSE:AOL) stock price has formed a double top pattern over the last three month period. The stock has breached the 100 day moving average support line with an increase in volume.  The 100 day moving average line has been providing support for AOL stock price in last six months. The head and shoulders pattern can also be seen in the second top formed by the stock. All the above are bearish indicators, indicating a likely fall in the stock price. However other indicators such as RSI, MACD and Bollinger bands indicate a bullish movement. The stock price has touched the lower of the Bollinger bands, indicating that the stock price is likely to rise. This signal is further confirmed by RSI.  RSI indicator is currently at 27.54, indicating that the stock is in oversold territory. The MACD divergence has also increased.
AOL Technical chart
AOL Technical Analysis Chart by amigobulls.com

Accenture Technical Analysis

Accenture (NYSE:ACN) stock price is nearing 100 day moving average line. The stock price is hovering around the moving average line for last three trading days. Last time the stock was below 100 day moving average line was on October 15th. MACD and RSI indicate that moving average is likely to provide support again. The RSI indicator is at 27.38, below the oversold threshold limit of 30, indicating that the stock is oversold and likely to go up. The MACD divergence is also wide, signaling a northward movement in Accenture stock price.

ACN Technical chart
Accenture Technical Analysis Chart by amigobulls.com

NQ Mobile Stock Technical Analysis

NQ Mobile (NYSE:NQ) stock price has hit the lower of Bollinger bands, indicating a likely trend reversal. The signal from Bollinger band is also confirmed by RSI. Currently the RSI of NQ Mobile stock is at zero, as the price has continuously declined in last fourteen days. RSI below 30 indicates that the stock is oversold and stock price is likely to go up.

NQ Technical chart
NQ Mobile Technical Analysis Charts by amigobulls.com

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Neither Amigobulls, nor any members of its staff hold positions in any of the stocks discussed in this post. The author may not be a certified/registered investment advisor, and the opinions expressed should not be treated as investment advice. Buying and selling of securities carries the risk of monetary losses. Readers/Viewers are advised to carry out their own due diligence and consult their investment advisors before making any investment decisions. Neither Amigobulls, nor the author have any business relationship with any of the companies covered in this post.

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