Oracle Corporation (symbol ‘ORCL’) share price has been making consecutive gains throughout the first quarter and is still in the aggressive bullish momentum until today. The company is expected to report its earnings for the fiscal quarter on Monday 12th of June. The consensus EPS for the quarter is $1,31 compared to the result for the same quarter last year of $1,31.
‘ Even though some analysts state that the fair value of the share is at $127,50 making the company an attractive addition in terms of possible room for profits, the company showed on their last earnings release report that the total liabilities exceed total assets while it also has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.’ said Antreas Themistokleous at Exness. ‘ In the longer term annual earnings are forecast to grow faster than the American market so investors need to dive deep into the financials of the company to identify any possible opportunities for profit if they proceed with investing in the software giant.’
From the technical analysis perspective the price is currently testing the upper band of the Bollinger bands indicating that there is fueled up volatility in the market for the company share while the 50 day moving average is still trading above the 100 day moving average confirming the bullish momentum is still going strong. The Stochastic oscillator is near the extreme overbought level which in combination with the fact that the price is touching the Bollinger bands could possibly indicate that a correction might be seen in the following sessions.
Apart from that there is no clear indication of a reversal of this bullish rally that pushed the price of the American company to its all time high.
‘ Even though some analysts state that the fair value of the share is at $127,50 making the company an attractive addition in terms of possible room for profits, the company showed on their last earnings release report that the total liabilities exceed total assets while it also has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.’ said Antreas Themistokleous at Exness. ‘ In the longer term annual earnings are forecast to grow faster than the American market so investors need to dive deep into the financials of the company to identify any possible opportunities for profit if they proceed with investing in the software giant.’
From the technical analysis perspective the price is currently testing the upper band of the Bollinger bands indicating that there is fueled up volatility in the market for the company share while the 50 day moving average is still trading above the 100 day moving average confirming the bullish momentum is still going strong. The Stochastic oscillator is near the extreme overbought level which in combination with the fact that the price is touching the Bollinger bands could possibly indicate that a correction might be seen in the following sessions.
Apart from that there is no clear indication of a reversal of this bullish rally that pushed the price of the American company to its all time high.