Oracle (ORCL) Price Near $59.76; Moves Down For the 3rd Consecutive Day

The Hourly View for ORCL

Last Updated September 18, 2020, 23:8 GMT

Currently, ORCL’s price is down $-0.57 (-0.95%) from the hour prior. ORCL has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. Regarding the trend, note that the strongest trend exists on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50 and 100 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

Oracle Corp Daily Price Recap

Oracle Corp came into today down 0.71% ($0.43) from the open of the day prior, marking the 3rd consecutive day it has gone down. The price move occurred on stronger volume; specifically, yesterday’s volume was up 113.06% from the day prior, and up 247.79% from the same day the week before. Below is a daily price chart of Oracle Corp.

ORCL

Oracle Corp Technical Analysis

The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 30 days Oracle Corp’s price has gone down 17 them.

Overheard Around the Web

Over on StockTwits, here’s an example of what they’re saying about ORCL:

    $ORCL it will be done before Sunday, generate public awareness with news everyone will be talking about it, your kids, teens freaking out……everyone and their mothers will be downloading the app before deadline so they have it…..and booomm. DEAL APPROVED….nice strategy.

    Spartacus1982