Oracle (ORCL) Price Near $63.09; Pin Bar Pattern Appearing on Chart, in an Uptrend Over Past 30 Days, 3 Day Down Streak Ended

The Hourly View for ORCL

Last Updated January 8, 2021, 02:020 GMT

At the time of this writing, Oracle’s price is up $0.69 (1.1%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as Oracle has now gone down 8 of the past 10 hours. Regarding the trend, note that the strongest trend 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 is up 0.8% ($0.5) since yesterday, marking a reversal from the day prior — and the end of a 3 day negative run. The price move occurred on volume that was down 15.28% from the day prior, but up 13.87% from the same day the week before. Below is a daily price chart of Oracle Corp.


Oracle Corp Technical Analysis

Notably, Oracle Corp is now close to its 20 day averages, located at 63.23 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. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. For additional context, note that price has gone down 7 out of the past 10 days. As for those who trade off of candlesticks, we should note that we’re seeing pin bar pattern appearing here.

Overheard Around the Web

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

    Do you agree with the A.I. prediction? $ORCL's 10-day Moving Average crossed above its 50-day Moving Average on December 7, 2020. View odds for this and other indicators: