|
Downtrend ExhaustionArchive - 4/5/2024 - Sign In to see current Signals. |
Oracle Corp. (ORCL) Technical Analysis
|
|
| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was the negative week for the Oracle Corp. (ORCL). During the week, the ORCL gave back -0.71 points, or -0.57%, and closed at 124.90 on Friday, April 5, 2024. Weekly volume was -39% below average. ORCL is a member of Information Technology Sector. Information Technology is the second most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry. Long-term trend: [See ORCL long-term trend chart] A long-term uptrend had started on September 29, 2022 at 60.78 and reached 132.77 on March 21, 2024. ORCL gained -71.99 points, or -118.44%, in 77 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (112.20) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend. Medium-term trend: [See ORCL medium-term trend chart] A medium-term uptrend had started on December 13, 2023 at 99.26 and reached 132.77 on March 21, 2024. ORCL gained -33.51 points, or -33.76%, in 14 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 111.39 and resistance is at 136.88. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend. Weekly Technical Indicators: [See ORCL weekly technical indicators chart] Weekly technical indicators are neutral. The weekly MACD line is above its signal line since February 2, 2024. This is an indication that the medium-term trend is up. Use the following link to access a MACD help. Short-term trend: [See ORCL short-term trend chart] A short-term uptrend had started on February 21, 2024 at 106.51 and reached 132.77 on March 21, 2024. ORCL gained -26.26 points, or -24.65%, in 29 days. The chart has formed a Rising Channel chart pattern. The price is near the trend support (125.16) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a short-term trend. Daily Technical Indicators: [See ORCL daily technical indicators chart] Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help. The daily MACD line is below its signal line since March 27, 2024.
| |
|
|