Oracle Corp (ORCL) Up 0.89%, Crosses 50 Day Moving Average; in a Downtrend Over Past 14 Days

The Hourly View for ORCL

Last Updated January 26, 2021, 12:32 GMT

At the time of this writing, ORCL’s price is down $-0.25 (-0.41%) from the hour prior. ORCL has seen its price go up 4 out of the past 5 hours, thus creating some compelling opportunities for bulls. 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

The choppiness in the recent daily price action of Oracle Corp continues; to start today, it came in at a price of 60.9 US dollars, up 0.89% ($0.54) since the previous day. The change in price came along side change in volume that was down 13.87% from previous day, but up 2.72% from the Monday of last week. Below is a daily price chart of Oracle Corp.

ORCL

Oracle Corp Technical Analysis

Moving average crossovers are always interesting, so let’s start there: Oracle Corp crossed above its 50 day moving average yesterday. 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 down 16 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:

    Tech giants with deep ties to US national security have announced that they had partnered with several healthcare companies to create the Vaccination Credential Initiative (VCI) to advance the implementation of digital COVID-19 vaccination records.

    $MSFT $ORCL

    Stay tuned…

    PaulEbeling