Oracle Corp (ORCL) Moves Down For the 2nd Straight Day, in an Uptrend Over Past 90 Days; Eyes 100 Day Average
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe.
ORCL
(Last Updated October 28, 2020)
Welcome to the news page for Oracle Corp (ORCL). Below you’ll find our daily market updates. Here’s a technical analysis summary of where things currently stand:
The Trend
As for trends on ORCL, we’re seeing a downtrend on shorter timeframes — but an uptrend on the 90 day timeframe. As such, traders with short positions should be aware of the uptrend in place on the longer timeframes.
ORCL Moving Averages
The moving averages on ORCL summarize its price action in an interesting way. Out of the moving averages we’re monitoring (20, 50, 100, and 200 days), all but the 20 are bullish, implying a upward trend, save for a drop that occurred about 3 weeks ago.
The chart below illustrates.
Oracle (ORCL) Closes Last Hour Down $-0.16; is Inching Close to 100 Day Average, Heads Down For the 2nd Straight Day, in a Downtrend Over Past 14 Days
The change in price came along side change in volume that was down 42.75% from previous day, but up 77.99% from the tuesday of last week.
Oracle (ORCL) Closes Last Hour Down $-0.16; Nears 100 Day Moving Average, Heads Down For the 2nd Consecutive Day
Price action traders may also wish to note that we see a pin bar candlestick pattern on orcl.
Oracle (ORCL) Price Near $57.48; Evening Star Pattern Appearing on Chart, Breaks Below 50 Day Average, 2 Day Up Streak Ended
Interestingly, a trend in the other direction exists on the 14 day timeframe, where price is headed down.
Oracle (ORCL) Closes Prior Hour Up 0.1%; in an Uptrend Over Past 90 Days, Pin Bar Pattern Appearing on Chart
And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well.
Oracle (ORCL) Closes Last Hour Up $0.06; in an Uptrend Over Past 90 Days, Pin Bar Pattern Appearing on Chart
Will grab a couple puts to hedge my leaps in the short term if that happens.
Oracle (ORCL) Closes Prior Hour Down -0.59%; Nears 20 Day Moving Average, 5 Day Down Streak Ended
The price move occurred on stronger volume; specifically, yesterday’s volume was up 11.19% from the day prior, and up 25.66% from the same day the week before.
Oracle (ORCL) Price Near $59.76; 5 Day Down Streak Broken, Eyes 20 Day Average
This is the 2nd straight hour orcl has seen its price head down.
Oracle (ORCL) Price Near $59.59; Moves Down For the 5th Straight Day, Breaks Below 20 Day Average
As for how volume fared, yesterday’s volume was up 35.04% from the previous day (sunday), and up 13.84% from monday of the week before.
Oracle (ORCL) Closes Last Hour Down $-0.32; Heads Down For the 4th Day In A Row, is Inching Close to 20 Day Average
It's a credit spread in november so hopefully we can eat up some theta here before a bounce may make it even more profitable?