Oracle (ORCL) Price Near $62.06; Heads Down For the 2nd Day In A Row, in a Downtrend Over Past 14 Days

The Hourly View for ORCL

Last Updated January 13, 2021, 23:16 GMT

Currently, Oracle’s price is down $-0.3 (-0.47%) from the hour prior. This is the 3rd straight hour Oracle has seen its price head down. As for the trend on the hourly timeframe, we see the clearest trend 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 the previous day down 0.97% ($0.61); this denotes the 2nd day in a row a decline has happened. As for how volume fared, yesterday’s volume was up 23.09% from the previous day (Monday), and up 11.66% from Tuesday of the week before. Below is a daily price chart of Oracle Corp.

ORCL

Oracle Corp Technical Analysis

The first thing we should note is that Oracle Corp is now close to its 20 day moving averages, which may act as price barrier for the asset. 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. The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. Or to view things another way, note that out of the past 10 days Oracle Corp’s price has gone down 7 them.

Overheard Around the Web

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

    Hi JusTrading followers, we have uploaded our Closing Bell video (1/12/2021) on Youtube for Wednesday (1/13/2021). Possible Buy and sell prices, expected returns, charts and option prices are shown on this video, check it out! (Part 2)
    https://www.youtube.com/watch?v=IkwX9AXDWMw

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