Oracle Came Into Today Up 0.06%

The Hourly View for Oracle

  • Currently, ORCL’s price is down $-0.3 (-0.42%) from the hour prior.
  • This is the 2nd hour in a row Oracle has seen its price head down.
  • If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe.
  • Of note is that the 20 hour changed directions on ORCL; it is now pointing down. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

Oracle’s hourly price chart is shown below.

ORCL

The Daily View for Oracle

  • At the time of this writing, ORCL’s price is up $0.04 (0.06%) from the day prior.
  • This is a reversal of the price action on the previous day, in which price moved down.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 20 day timeframe.
  • Price action traders may also wish to note that we see a pin bar candlestick pattern on Oracle. Given that we see downtrend on the 20 and 10 daily candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
  • The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
  • Divergence between ORCL’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in ORCL’s price.

Below is a daily price chart of Oracle.

ORCL