Oracle (ORCL) Closes Last Hour Down $-0.55; 2 Day Up Streak Ended

The Hourly View for ORCL

Last Updated September 16, 2020, 23:11 GMT

At the time of this writing, ORCL’s price is down $-0.08 (-0.14%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as ORCL has now gone down 4 of the past 5 hours. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 20 hour moving average has been crossed, with price now being below it. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50 and 100 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

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 60.43 US dollars, down 0.84% ($0.51) since yesterday. The change in price came along side change in volume that was down 32.01% from previous day, but up 40.31% from the Tuesday of last week. The daily price chart of Oracle Corp below illustrates.

ORCL

Oracle Corp Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. Or to view things another way, note that out of the past 30 days Oracle Corp’s price has gone down 17 them.

Overheard Around the Web

Here’s what one trader on StockTwits recently had to say in regards to ORCL:

    $ORCL If you followed what Trump has been doing the last two days is Middle East peace. I am sure he is not completely aware of what is in the Tik Tok report. Half if not more of the news outlets are political hacks…so trust none of them…believe what you hear from the Presidents mouth only as he makes the decision good or bad. Tik Tok is widely used by many people that can vote and if the deal makes even remote sense he will pull the trigger.. These Bears on here cant afford this stock in high volume….so they are here to only talk shit or spread lies…Hold until REAL news

    Rugbytim1