Oracle Has Now Headed Down 8 Out of the Past 10 Days

The Daily View for Oracle

  • At the moment, ORCL’s price is down $-0.09 (-0.11%) from the day prior.
  • This is a reversal of the price action on the previous day, in which price moved up.
  • From a daily perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 day timeframes.
  • Of note is that the 50 day changed directions on ORCL; it is now pointing down. 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.

Oracle’s hourly price chart is shown below.

ORCL

The Daily View for Oracle

  • At the time of this writing, ORCL’s price is down $-1.09 (-1.38%) from the day prior.
  • Oracle has seen its price go up 8 out of the past 10 days, thus creating some compelling opportunities for bulls.
  • As for the trend on the daily timeframe, we see the clearest trend on the 20 day timeframe.
  • 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.

Below is a daily price chart of Oracle.

ORCL

Featured Oracle Idea From TradingView

Below is a trading comment entitled IBM revenue rose nearly 1%.So did ORCL Oracle before the Selloff you may find interesting:

For all of you excited by the pre-market, this is what Oracle did after beating the estimates. And Oracle has better financials in my opinion and lower P/E ratio:https://www.tradingview.com/chart/ORCL/r11EWIbP-ORCL-Oracle-8-retracement-Buy-opportunity/International Business Machines Corporation (IBM):Total revenue rose nearly 1% to $17.73 billion in the quarter, beating analysts’ average e…

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