According to this chart we are riding the 8 and 20 day. Price bounced off of the 50 after the earnings sell off and broke out from a double bottom.
If this plays out in a perfect world this will blow past 127 from the news run up. Not to mention everything AI is running and we are currently in an AI baby bubble.
I would trade this carefully since it is making...
Oracle Corporation is renowned for developing and selling database software and technology, cloud engineered systems, and enterprise software products, particularly its own brands of database management systems.
It has been in a nice steady uptrend for most of the year and is up a bit over 55% for the previous 12 month period. Earnings are only a few days away...
Summary of ORCL's technical on its daily chart:
The RSI is trading above 70. This could mean that either the stock is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is above its 20...
If you haven`t bought ORCL here:
Then analyzing the options chain of ORCL Oracle Corporation prior to the earnings report this week,
I would consider purchasing the 110usd strike price Calls with
an expiration date of 2023-7-21,
for a premium of approximately $4.65.
If these options prove to be profitable prior to the earnings release, I would sell at least half...
Oracle enhanced its A.I. capabilities through acquisitions: Datafox (2018), Nor1 (2020), Federos (2021), and Newmetrix (2022).
According to TipRanks, the average price target is $101.07 with a high forecast of $140.00 and a low forecast of $82.50. The average price target represents a -4.55% change from the last price of $105.89.
Based on its seasonality, it...
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...
- ORCL is in a rising trend channel in the medium long term.
- ORCL has broken a resistance level in the short term and given a positive signal for the short-term trading range.
- There is no resistance in the price chart and further rise is indicated.
- In case of a negative reaction, the stock has support at approximately 90.
- RSI diverges negatively against...
Strong company fundamentally. However, the head of a potential head and shoulders is forming. Nothing goes up in a straight line. Nothing. I'll be looking for a short here in the next 1-3 days. A few keys levels added in. Happy Trading.
On the above 10-day chart price action has appreciated 150% in the last 22 months. A number of reasons now exist to be bearish, including:
1) The breakout of price action from a bearish rising wedge structure.
2) Double bearish engulfing candles. Remember this is a 10-day chart, don’t ignore bearish engulfing candles on this time frame.
3) Regular bearish...
ORCL recently broke out and is overbought here. If you study the stocks history it respects FIB as support and resistance and always "checks back" after breaking through before consolidating and going higher. For a short term scalp trade targets are $91.41 and $89.83
Stock did me dirty last week..
At resistance of a major rising wedge
Hourly RSI is having a meeting with god..
Daily money flow is overbought..
Looking for a pullback to 90$ next week
- ORCL shows strong development within a rising trend channel in the medium long term.
- It also gave positive signal from the double bottom formation at the break up through the resistance at 79.52.
- Further rise to 96.32 or more is signaled.
- ORCL has broken a resistance level in the short term and given a positive signal for the short-term trading range.
-...
The PEAD projected a neutral outlook for $ORCL after a negative under reaction following its earnings release placing the stock in drift D with an expected accuracy of 54.55%.
Oracle - Expires 17/4 (30d) - We look to Sell a break of 81.98 (stop at 85.22)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
Broken out of the channel formation to the downside.
Previous support at 86.00 now becomes resistance.
A break of the recent low at 82.04 should result in a further move lower....
Oracle - 30d expiry - We look to Buy at 86.41 (stop at 83.42)
Price action continued to range between key support & resistance (86 - 90) although we expect a break of this range soon.
The bias is to break to the upside.
The primary trend remains bullish.
Preferred trade is to buy on dips.
The 1 day moving average should provide support at 86.40.
Posted...
![ORCL: ORCL - Rising Trend Channel [MID TERM]](https://s3.tradingview.com/u/u66q8wyS_mid.png "ORCL - Rising Trend Channel [MID TERM]")
![ORCL: ORCL - Rising Trend Channel [MIDTERM]](https://s3.tradingview.com/c/cFFGiIlV_mid.png "ORCL - Rising Trend Channel [MIDTERM]")
