Oracle Does it Again: Heads Up for the 4th Straight Day

The Hourly View for Oracle

  • At the moment, ORCL’s price is down $-0.05 (-0.05%) from the hour prior.
  • The hourly chart shows that Oracle has seen 2 straight down hours.
  • As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe.
  • The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Oracle’s hourly price chart is shown below.

ORCL

The Daily View for Oracle

  • At the time of this writing, ORCL’s price is up $0.62 (0.66%) from the day prior.
  • It’s been a feast for bulls operating on the daily timeframe, as Oracle has now gone up 4 of the past 5 days.
  • As for the trend on the daily timeframe, we see the clearest trend on the 100 day 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 an uptrend on the 20, 10 and 5 daily candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
  • The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.
  • Divergence between ORCL’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in ORCL’s price.

Below is a daily price chart of Oracle.

ORCL

Featured Oracle Commentary From Twitter

@petenajarian @MarketRebels Wow-ORCL ripping. I remember being on trading desk waiting for ORCL to report only to miss again!NA

petenajarian