Oracle Corp (ORCL) Heads Up For the 3rd Straight Day; in an Uptrend Over Past 90 Days

The Hourly View for ORCL

Last Updated March 4, 2021, 12:36 GMT

At the moment, ORCL’s price is up $0.64 (0.96%) from the hour prior. This is the 2nd hour in a row ORCL has seen its price head up. 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 came into today up 0.38% ($0.25) from the open of yesterday, marking the 3rd straight day it has gone up. The price move occurred on volume that was up 19.18% from the day prior, but down 24.4% from the same day the week before. Let’s take a look at the daily price chart of Oracle Corp.

ORCL

Oracle Corp Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 8 out of the past 14 days.

Overheard Around the Web

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

    Wed Mar 3rd
    Today's WORST performing sector:

    Technology -2.5%

    biggest 20 Technology stocks by mkt cap:
    1) $IBM: +1.7%
    2) $ORCL: +0.4%
    3) $FIS: +0.0%
    4) $CSCO: -0.8%
    5) $SNE: -1.2%

    see all 20 here:
    https://thebubbleboard.com/?tickers=IBM,ORCL,FIS,CSCO,SNE,SAP,ACN,INTC,AAPL,TSM,TXN,MSFT,ASML,CRM,AVGO,ADBE,QCOM,NVDA,NOW,SHOP&name=Technology&utm_medium=bot-post

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