Technical Analysis: Oracle Looking bearish on the weekly chart:
-Completed a head and shoulders topping formation
-Broken below 52-week long term average
-One year plus rising trend line was taken
-Breakout accompanied with pick up in volume levels
I am looking for an initial target at major broken resistance at 36.40, should turn to support now. Lets see how...
The Oracle Corp (NYSE:ORCL) Daily Diagram Technical Analysis Training shows the following:
The ORCL share after some consolidations finally got itself under the KUMO. The weekly diagram is turning slowly to bullish and it is above the KUMO. The monthly diagram is weakly bullish too.
MACD is marginally bullish and RSI walks the 50. The volume is moderate.
...
The Oracle Corp (NYSE:ORCL) Daily Diagram Technical Analysis Training shows the following:
The ORCL share after some consolidations finally got itself under the KUMO. The weekly diagram is bullish and above the KUMO. The monthly diagram is bullish too. MACD is bullish and RSI walks above 50. The volume is moderate.
There is no special candlestick pattern. The...
ORCL is in a bear flag. but with that being said the chart is in an overall uptrend. Enter as the trade breaks out of the trendline then add once more conformation is gained when each decending high pivot is broken shown by the brown lines. These failed bear flags when triggered to the upside tend to retrace the down move about 80% giving us our target of around 42.35
The Oracle Corp (NYSE:ORCL) Daily Diagram Technical Analysis Training shows the following:
The ORCL share after some consolidations finally got itself under the KUMO. The weekly diagram is bearish. The monthly is under a local top until now. MACD is bearish and RSI is near 38. The volume is as more than usual on declines.
There is no special candlestick...
The Oracle Corp (NYSE:ORCL) Daily Diagram Technical Analysis Training shows the following:
The ORCL share has made a long term development with the support of the trend line (light blue). This support line was over the KUMO, which means that the ORCL was bullish in long term. The weekly diagram shows bearish. The monthly is on a local top until now. In the daily...
The Oracle Corp (NYSE:ORCL) Daily Diagram Technical Analysis shows the following:
The ORCL share made a local bottom in the KUMO cloud that means that $40 is a support for the share.MACD is trying to change the trend but is bearish under the zero line and RSI is near 46 towards to 50. The volume is less than the usual.
If the share keep going uptrend, the top...
The Oracle Corp (NYSE:ORCL) Daily Diagram Technical Analysis shows the following:
The ORCL share has made a long term development with the support of the trend line (light blue). This support line was over the KUMO, which means that the ORCL was bullish in long term. The weekly diagram shows marginally bearish. The monthly is on a local top until now. In last...
The Oracle (ORCL) weekly chart shows the following signs:
The Price of ORCL made a weekly long movement last week over the Tenkan Sen and closes at its highs. The MACD is on bullish sign and the RSI too. The Stock is over the EMA200, the KUMO Cloud and the Tenkan-sen is over the Kijun-sen. There is no bearish sign there.
I expect that the stock will continue the...
The Oracle (ORCL) weekly chart shows the following signs:
The Price of ORCL made a little weekly short movement last week over the Tenkan Sen but it is like a Hammer. The MACD is on bullish sign and the RSI too. The Stock is over the EMA200, the KUMO Cloud and the Tenkan-sen is over the Kijun-sen.
I expect that the stock will continue the bullish movement. The...
The Oracle (ORCL) daily chart shows the following signs:
The Price of ORCL made a Long movement (1,52%) with a green candlestick last Friday over the Tenkan Sen and continues the bullish trend. The MACD tries on bullish sign and the RSI is over 50. The Stock is over the EMA200, over the KUMO Cloud and the Tenkan-sen is over the Kijun-sen.
I expect that the...
The Oracle (ORCL) weekly chart shows the following signs:
The Price of ORCL made a Long movement ($41,31 to $42,15) with a green candlestick last week over the Tenkan Sen and continues the bullish trend. The MACD is on bullish sign and the RSI too. The Stock is over the EMA200, the KUMO Cloud and the Tenkan-sen is over the Kijun-sen.
I expect that the stock will...
