Oracle (ORCL) Price Near $61.81; 4 Day Down Streak Broken, in a Downtrend Over Past 14 Days

The Hourly View for ORCL

Last Updated January 18, 2021, 02:015 GMT

Currently, Oracle’s price is up $0.07 (0.12%) from the hour prior. This is the 2nd consecutive hour Oracle has seen its price head down. As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe. Price action traders may also wish to note that we see some doji and pin bar candlestick patterns on Oracle. Given that we see downtrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. 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’s 4 day negative streak has officially concluded, as the candle from the day prior closed up 0.29% ($0.18). This move happened on lower volume, as yesterday’s volume was down 26.91% from the day before — and down 13.67% 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 14 day timeframe, which shows price moving down over that time. For another vantage point, consider that Oracle Corp’s price has gone up 15 of the previous 30 trading days.

Overheard Around the Web

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

    $DBX I repeat… Likely acquisition here…. A well built cloud platform with a 600 million+ user base is just too attractive for a large player to pass up at current market cap. I’m thinking $18-20B is the sweet spot. COO announcing departure and recent layoffs suggest a deal is on the table. My bet is either $ZM, or $ORCL. Dropbox is already integrated with Zoom who wants to expand their ecosystem to compete with the likes of $MSFT & $GOOG. With the amount of cash Oracle is sitting on, purchasing Dropbox would be nothing more than a drop[box]😜 in the bucket. Larry Ellison, CEO of Oracle, has made it clear that he wants to expand in the cloud space. The ONLY reason this isn’t acquired is if CEO Drew Houston is unwillingly to sell… It is simply too cheap right now.

    ProfitProphet777