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ORCL34 trade ideas

Oracle Is Oversold Despite Barely DroppingOracle gapped to record highs almost two months ago, and now it could interest some trend followers. The first pattern on today’s chart is the $114.34 level. It was both the opening price and low on June 12, the same day earnings and revenue beat estimates. The software company held that zone in late June, mid-July and again last week. Interestingly, it’s exactly $8 above the previous record high from late 2021. Has new support been confirmed above the old peak? Second, the series of lower highs has produced a descending triangle. This may create the potential for a breakout. Bollinger Band Width also shows volatility tightening. That narrower price action may result in price expansion if a breakout occurs. Fourth, the 50-day simple moving average (SMA) has caught up with the stock during this period of sideways movement. Intermediate-term trend followers may view that as a potential entry point. Finally, the stochastics oscillator has moved into oversold territory despite ORCL barely falling. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
NYSE:ORCL
by TradeStation
Oracle in descending triangle.Oracle - 30d expiry - We look to Sell a break of 112.98 (stop at 118.98) Daily signals for sentiment are at overbought extremes. Trades with a bearish descending triangle formation. 113.43 has been pivotal. A break of the recent low at 113.43 should result in a further move lower. The bias is to break to the downside. Our profit targets will be 98.98 and 96.98 Resistance: 118.00 / 121.36 / 124.00 Support: 113.43 / 110.00 / 105.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
NYSE:ORCLShort
by VantageMarkets
ORCL Large Cap Tech Setting up Bearish ContinuationORCL may not be joining the technology stock parade. Although it ran up on the 2H chart with a good 30% rise between earnings. the MACD indicator showed a double top. On the retracement, the price descended but then stalled. It came up short of a 40-50% retracement and went sideways into a flat top triangle. The MACD indicator has been with a negative red histogram and now a downward-curving set of lines. I see this as a short trade setup in stock not thriving in the technology run-up. It could be that investors are simply deploying cash to far better profit opportunities and not considering this stock as a good move. Others may be already shorting this. I will join them.
NYSE:ORCLShort
by AwesomeAvani
Oracle Rebound & technical analysis 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 new highs and can fall from a sell off and profit taking. Let’s see how high this goes. Congrats if you were like me and bought around 115 after the earnings sell off. Trade Responsibly. #TradeTheWave
NYSE:ORCL
by FinesseTheWave
3
Momentum Stock: Oracle CorporationOracle 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 so will be interesting to see what happens. Mongo , a similar business had a massive 40% gap up its earnings. Oracle might be a bit expensive at the moment looking at the RSI, MACD and how far away from the SuperTrend it is, but anything could happen with earnings. A trailing stop loss of around 8% would have kept you in most of this trade which is very low volatility. If it broke below that it could have been a good sign to exit and look for a new entry when the trend resumed. As always how you interpret and decide to act on any results is up to you. This is just data not financial or trading advice and past performance is in no way any guarantee of future performance. Think of it as a way to spot stocks you might be interested in and can add to your watch list and perform further research on and or discuss with your broker. Again. Not trading advice . Industries and companies change. Trends can end. Do your own research / discuss it with your advisor, but might be one to watch.
NYSE:ORCL
by zAngus
15
My levels for day-trading Oracle.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 and 50 day moving average (respectively at 106.3455 and 99.8614). Finally, Oracle is trading above its upper Bollinger band (standing at 118.54). Its Resistances: 141.4 ** 137.6 * 133.8 ** 130 Its Supports 113.4 111 ** 105.1 * 101.5 **
NYSE:ORCLLong
by KhanhC.Hoang
Oracle has been making consecutive gains 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.
NYSE:ORCL
by Exness_Official