Oracle is Up for the 3rd Day in a Row

The Daily View for Oracle

  • At the moment, ORCL’s price is down $-0.16 (-0.23%) from the day prior.
  • This is a reversal of the price action on the previous day, in which price moved down.
  • From a daily perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 day timeframes.
  • Price action traders may also wish to note that we see a doji candlestick pattern on Oracle. Given that we see an uptrend on the 20 and 10 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 choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

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 $1 (1.42%) from the day prior.
  • Oracle has seen its price go up 4 out of the past 5 days, thus creating some compelling opportunities for bulls.
  • Regarding the trend, note that the strongest trend exists on the 100 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 ORCL $72 Calls exp. 4/1 you may find interesting:

Liking ORCL here to finish closing gap this weekVolume picking up and RSI heating upOver 1,000 open interest on 72.00 calls exp 4/1

tis844