Wall Street is dumping cash into tech at record levels — buy the dip on Accentur
Created
Thesis
Money is flooding into U.S. technology companies at a record pace right now, giving the sector a strong tailwind. However, global IT consulting firm Accenture just spooked the market by warning of slower growth, dragging down tech stocks that rely on corporate software spending. Because the broader tech sector has so much cash flowing into it, Accenture's drop could be a temporary overreaction and a great buying opportunity to ride the overall tech wave at a discount.
Strategy approach
Build a rule-based long strategy for ACN on the Daily timeframe. Entry: enter when RSI(14) crosses above 40 after a 5%+ drawdown over the prior 5 sessions, and price is above the 200-day SMA. Exit: take profit at 3% gain, or stop loss at 3% drop, with a maximum holding period of 10 trading days.
Markets and timeframes
Entry and exit at a glance
These are the named rules in the shared configuration. Review the full conditions below before using a strategy.
- Entry: RSI/ROC/SMA/MFI Crossover Long (ACN@1d) (6 conditions)
- Exit: Take Profit at 10.0% (1 condition)
- Exit: TP: Near Resistance[2] (ACN@1d) (1 condition)
- Exit: SL: Below Support[2] (ACN@1d) (1 condition)
- Exit: TP: Near Resistance[1] (ACN@1d) (1 condition)
Shared strategy rules
Rule configuration
{
"data_dependencies": [
{
"symbol": "ACN",
"timeframe": "1d"
}
],
"entry_rules": [
{
"conditions": [
{
"left": {
"chart_ref": {
"symbol": "ACN",
"timeframe": "1d"
},
"indicator": {
"name": "rsi",
"period": 14
},
"type": "indicator"
},
"operator": "crossed_above",
"right": {
"type": "constant",
"value": 40
}
},
{
"left": {
"chart_ref": {
"symbol": "ACN",
"timeframe": "1d"
},
"indicator": {
"name": "roc",
"period": 5
},
"type": "indicator"
},
"operator": "less_than",
"right": {
"type": "constant",
"value": -5
}
},
{
"left": {
"field": "close",
"type": "price"
},
"operator": "greater_than",
"right": {
"chart_ref": {
"symbol": "ACN",
"timeframe": "1d"
},
"indicator": {
"name": "sma",
"period": 200
},
"type": "indicator"
}
},
{
"left": {
"field": "low",
"type": "price"
},
"operator": "less_than_or_equal",
"right": {
"rank": 1,
"type": "support_level"
}
},
{
"left": {
"field": "close",
"type": "price"
},
"operator": "greater_than",
"right": {
"rank": 1,
"type": "support_level"
}
},
{
"left": {
"chart_ref": {
"symbol": "ACN",
"timeframe": "1d"
},
"indicator": {
"name": "mfi",
"period": 14
},
"type": "indicator"
},
"operator": "less_than",
"right": {
"type": "constant",
"value": 40
}
}
],
"direction": "long",
"enabled": true,
"id": "entry_1",
"name": "RSI/ROC/SMA/MFI Crossover Long (ACN@1d)",
"priority": 1,
"trade_symbol": "ACN"
}
],
"exit_rules": [
{
"applies_to": "both",
"conditions": [
{
"left": {
"field": "unrealized_pnl_percent",
"type": "position"
},
"operator": "greater_than_or_equal",
"right": {
"type": "constant",
"value": 10
}
}
],
"enabled": true,
"id": "exit_1",
"name": "Take Profit at 10.0%",
"priority": 1,
"purpose": "signal"
},
{
"applies_to": "both",
"conditions": [
{
"left": {
"field": "close",
"type": "price"
},
"operator": "greater_than_or_equal",
"right": {
"rank": 2,
"type": "resistance_level"
}
}
],
"enabled": true,
"id": "exit_2",
"name": "TP: Near Resistance[2] (ACN@1d)",
"priority": 97,
"purpose": "take_profit",
"target_symbol": "ACN"
},
{
"applies_to": "both",
"conditions": [
{
"left": {
"field": "close",
"type": "price"
},
"operator": "crossed_above",
"right": {
"rank": 2,
"type": "support_level"
}
}
],
"enabled": true,
"id": "exit_3",
"name": "SL: Below Support[2] (ACN@1d)",
"priority": 100,
"purpose": "stop_loss",
"target_symbol": "ACN"
},
{
"applies_to": "long",
"conditions": [
{
"left": {
"field": "close",
"type": "price"
},
"operator": "greater_than_or_equal",
"right": {
"rank": 1,
"type": "resistance_level"
}
}
],
"enabled": true,
"id": "exit_4",
"name": "TP: Near Resistance[1] (ACN@1d)",
"priority": 97,
"purpose": "take_profit"
}
],
"position_sizing": {
"max_position_percent": 25,
"method": {
"risk_percent": 2,
"support_stop_rank": 2,
"type": "fixed_risk"
},
"min_position_value": 100
},
"trigger_timeframe": "1d",
"version": 1
}Indicator configuration
{
"indicators": [
{
"name": "rsi",
"period": 14
},
{
"name": "sma",
"period": 200
},
{
"name": "roc",
"period": 5
},
{
"name": "mfi",
"period": 14
}
]
}Parsed strategy
{
"data_dependencies": [
{
"symbol": "ACN",
"timeframe": "1d"
}
],
"entry_rules": [
{
"conditions": [
{
"left": {
"chart_ref": {
"symbol": "ACN",
"timeframe": "1d"
},
"indicator": {
"name": "rsi",
"period": 14
},
"type": "indicator"
},
"operator": "crossed_above",
"right": {
"type": "constant",
"value": 40
}
},
{
"left": {
"chart_ref": {
"symbol": "ACN",
"timeframe": "1d"
},
"indicator": {
"name": "roc",
"period": 5
},
"type": "indicator"
},
"operator": "less_than",
"right": {
"type": "constant",
"value": -5
}
},
{
"left": {
"field": "close",
"type": "price"
},
"operator": "greater_than",
"right": {
"chart_ref": {
"symbol": "ACN",
"timeframe": "1d"
},
"indicator": {
"name": "sma",
"period": 200
},
"type": "indicator"
}
},
{
"left": {
"field": "low",
"type": "price"
},
"operator": "less_than_or_equal",
"right": {
"rank": 1,
"type": "support_level"
}
},
{
"left": {
"field": "close",
"type": "price"
},
"operator": "greater_than",
"right": {
"rank": 1,
"type": "support_level"
}
},
{
"left": {
"chart_ref": {
"symbol": "ACN",
"timeframe": "1d"
},
"indicator": {
"name": "mfi",
"period": 14
},
"type": "indicator"
},
"operator": "less_than",
"right": {
"type": "constant",
"value": 40
}
}
],
"direction": "long",
"enabled": true,
"id": "entry_1",
"name": "RSI/ROC/SMA/MFI Crossover Long (ACN@1d)",
"priority": 1,
"trade_symbol": "ACN"
}
],
"exit_rules": [
{
"applies_to": "both",
"conditions": [
{
"left": {
"field": "unrealized_pnl_percent",
"type": "position"
},
"operator": "greater_than_or_equal",
"right": {
"type": "constant",
"value": 10
}
}
],
"enabled": true,
"id": "exit_1",
"name": "Take Profit at 10.0%",
"priority": 1,
"purpose": "signal"
},
{
"applies_to": "both",
"conditions": [
{
"left": {
"field": "close",
"type": "price"
},
"operator": "greater_than_or_equal",
"right": {
"rank": 2,
"type": "resistance_level"
}
}
],
"enabled": true,
"id": "exit_2",
"name": "TP: Near Resistance[2] (ACN@1d)",
"priority": 97,
"purpose": "take_profit",
"target_symbol": "ACN"
},
{
"applies_to": "both",
"conditions": [
{
"left": {
"field": "close",
"type": "price"
},
"operator": "crossed_above",
"right": {
"rank": 2,
"type": "support_level"
}
}
],
"enabled": true,
"id": "exit_3",
"name": "SL: Below Support[2] (ACN@1d)",
"priority": 100,
"purpose": "stop_loss",
"target_symbol": "ACN"
},
{
"applies_to": "long",
"conditions": [
{
"left": {
"field": "close",
"type": "price"
},
"operator": "greater_than_or_equal",
"right": {
"rank": 1,
"type": "resistance_level"
}
}
],
"enabled": true,
"id": "exit_4",
"name": "TP: Near Resistance[1] (ACN@1d)",
"priority": 97,
"purpose": "take_profit"
}
],
"position_sizing": {
"max_position_percent": 25,
"method": {
"risk_percent": 2,
"support_stop_rank": 2,
"type": "fixed_risk"
},
"min_position_value": 100
},
"trigger_timeframe": "1d",
"version": 1
}Strategy instructions
Trading agent generated from recommendation idea 'Wall Street is dumping cash into tech at record levels — buy the dip on Accenture after its growth warning'. Thesis: Money is flooding into U.S. technology companies at a record pace right now, giving the sector a strong tailwind. However, global IT consulting firm Accenture just spooked the market by warning of slower growth, dragging down tech stocks that rely on corporate software spending. Because the broader tech sector has so much cash flowing into it, Accenture's drop could be a temporary overreaction and a great buying opportunity to ride the overall tech wave at a discount.
Performance
No trade count, win rate, or realized P&L figures are provided in this public preview. The thesis and shared rules do not establish a performance record.
What this public preview can establish
- The thesis and strategy approach describe a market view. They do not show whether an entry or exit condition is currently met.
- Technical strategy fields are shared above. Inspect the actual conditions and check when they were evaluated before relying on them.
- No trade count, win rate, or P&L figure is published in this preview. It cannot establish a performance record.
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