Oracle (ORCL) Closes Last Hour Down $-0.04; Heads Down For the 2nd Straight Day, in an Uptrend Over Past 30 Days, is Inching Close to 20 Day Average

The Hourly View for ORCL

Last Updated January 6, 2021, 02:010 GMT

At the time of this writing, Oracle’s price is down $-0.5 (-0.78%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Oracle Corp Daily Price Recap

Oracle Corp closed yesterday down 1.24% ($0.79); this denotes the 2nd straight day a decline has happened. This move happened on lower volume, as yesterday’s volume was down 2.35% from the day before — and down 15.98% from the same day the week before. Below is a daily price chart of Oracle Corp.


Oracle Corp Technical Analysis

The first thing we should note is that Oracle Corp is now close to its 20 day averages, located at 62.89 respectively, and thus may be at a key juncture along those timeframes. Volatility for Oracle Corp has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. For another vantage point, consider that Oracle Corp’s price has gone up 17 of the previous 30 trading days.

Overheard Around the Web

Here’s what one trader on StockTwits recently had to say in regards to ORCL:

    $BABA dis bish gonna gap up tomorrow. Fight me bruh!!!

    Alipay IS NOT WHOLLY OWNED BY ALIBABA it only holds a 30% stake, and it only has 4mil users here in the US out of the 710 Million MAUs. A small percentage of revs.

    The last time the Trump Admin attempted to block transactions with WeChat and TikTok it failed in court

    (anyone remember $ORCL and its promised control of US operations of TikTok. It never happened and it isnt going to happen)

    Alipay processed 17.5 Trillion US dollars in transactions last year. Almost as much as our entire GDP output.
    They are set to grow this by double digits YoY.

    Ant Group IPO was blocked by CCP but they screwed up because it's my opinion that Ma is laying low so he can quietly IPO in the US. His goal was to support his country by listing exclusively in China and Xi wants his customers data because he is destroying the State Run Banks profits and gangsters dont like competition.

    Earnings will be mind boggling. Buying MAR 300 calls and common.