ORCL34 trade ideas
Oracle is a ShortStrong company fundamentally. However, the head of a potential head and shoulders is forming. Nothing goes up in a straight line. Nothing. I'll be looking for a short here in the next 1-3 days. A few keys levels added in. Happy Trading.
Oracle Corp - regaular bearish divergenceOn the above 10-day chart price action has appreciated 150% in the last 22 months. A number of reasons now exist to be bearish, including:
1) The breakout of price action from a bearish rising wedge structure.
2) Double bearish engulfing candles. Remember this is a 10-day chart, don’t ignore bearish engulfing candles on this time frame.
3) Regular bearish divergence. Price action prints higher highs as both RSI and MFI (money flow index) prints lower highs. Volume is flowing out. Indeed there is 4 oscillators printing bearish divergence at this time. Look left!
4) The monthly chart (below) prints a hammer candle indicating sellers are numerous at the $90 level.
Exit at $90-100 is excellent but very risky.
Target: $65
WW
Monthly chart:
ORCL SELL+++++ORCL recently broke out and is overbought here. If you study the stocks history it respects FIB as support and resistance and always "checks back" after breaking through before consolidating and going higher. For a short term scalp trade targets are $91.41 and $89.83
Oracle back to 90Stock did me dirty last week..
At resistance of a major rising wedge
Hourly RSI is having a meeting with god..
Daily money flow is overbought..
Looking for a pullback to 90$ next week
ORCL - Rising Trend Channel [MIDTERM]- ORCL shows strong development within a rising trend channel in the medium long term.
- It also gave positive signal from the double bottom formation at the break up through the resistance at 79.52.
- Further rise to 96.32 or more is signaled.
- ORCL has broken a resistance level in the short term and given a positive signal for the short-term trading range.
- ORCL has marginally broken up through resistance at 90.
- Overall assessed as technically positive for the medium long term.
*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price
Verify it first and believe later.
WavePoint ❤️
$ORCL with a neutral outlook following its earnings #StocksThe PEAD projected a neutral outlook for $ORCL after a negative under reaction following its earnings release placing the stock in drift D with an expected accuracy of 54.55%.
Oracle to breakdown?Oracle - Expires 17/4 (30d) - We look to Sell a break of 81.98 (stop at 85.22)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
Broken out of the channel formation to the downside.
Previous support at 86.00 now becomes resistance.
A break of the recent low at 82.04 should result in a further move lower.
The bias is to break to the downside.
Our profit targets will be 73.88 and 71.88
Resistance: 86.00 / 88.00 / 91.22
Support: 82.04 / 79.00 / 78.06
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Oracle in a range.Oracle - 30d expiry - We look to Buy at 86.41 (stop at 83.42)
Price action continued to range between key support & resistance (86 - 90) although we expect a break of this range soon.
The bias is to break to the upside.
The primary trend remains bullish.
Preferred trade is to buy on dips.
The 1 day moving average should provide support at 86.40.
Posted Mixed Daily results for the last 56 days.
Our profit targets will be 93.88 and 94.88
Resistance: 90.00 / 91.22 / 92.00
Support: 88.00 / 85.87 / 84.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Oracle pre earningsOracle is setup in a nice bullflag ahead of earnings 3/9...
I'm looking for one more pullback towards 86$ before earnings...
Playing earnings is always a gamble but I like the setup here. I'm leaning Long with a target of 95$...
Earnings is Thursday night, February's job report is Friday premarket. February's job report would definitely influence the market for better or worse.
I think if you want to take the long I'd wait for 86$ or after ADP non farm on Wed.
So first a pullback to 86-87 then 95
Hourly CCI,RSI, and MFI overbought, it will pullback from these levels before earnings
Oracle’s mixed financial image buffles investors
Shares in Oracle Corporation (symbol ‘ORCL’) have been trading in an aggressive bullish momentum for the last 5 months. The company is expected to report its earnings for the quarter on Thursday 9th of March. The consensus EPS is $0.95 compared to the result for the same quarter last year of $0,94.
‘Oracle’s payout ratio is around 40% indicating that the company is saving up most of their earnings for reinvestment in the company to influence growth while at the same time the company’s total liabilities are more than the total assets making investors hesitant to heavily invest in the near term. In addition the company’s intrinsic value ( what an asset is worth in a more objective calculation rather than just the share price) is around $86,40 while the share price is trading at $87,80 at the time of this report. This indicates that the share is slightly overvalued and investors might be waiting for a better price to buy the stock.’ said Antreas Themistokleous, an analyst at Exness.
On the technical side the price has been trading in an aggressive upward movement for the last 5 months and currently the price entered a descending trading range in the last month. With the Stochastic oscillator not showing any overbought or oversold levels the movement on the chart could be either direction.
The bulls for the time being look strong with no signs of reversal yet while the 50 day moving average and the lower band of the Bollinger bands are acting as a support on the price around the $86 price area.
ORACLE Stock Chart Fibonacci Analysis 022723 Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 89/61.80%
ORCL is preparing for the possible bull moveORCL is currently in a nice bull flag pattern, from which a break could lead to a nice and explosive bullish move. A break above the blue trend line and the blue dotted line would trigger a nice bullish long position with a target of around $95 or more. However, for this to happen, it will require a significant volume.
The recent price action is confirmed by the volume seen in the last two trading days, which is a bullish sign.
Additionally, ORCL has closed the day above all of its major moving averages, which is also bullish.
The RSI has cooled down from extreme levels and has now broken above its falling trend line.
The MACD is ticking in the red, but it seems that the MACD line is starting to turn right above the zero line and is trying to pass over the signal line, which is a sign of bullish preparation. If the price crosses over the signal line, it would be a strong bullish indication.
Overall: most of the indicators on this chart are showing strength in the price of ORCL, indicating that it would like to move up, no matter where SPY or any other index is going. Breaking above those two blue trend lines would trigger a long position. However, if it falls below the lower trend line, it would remove the possibility of that pattern, and we should wait for a new edge to form, which could bring the market to us.
BUY SIGNAL only when the blue dotted line is broken with the volume!
ORCLI see the double top pattern on ORCL also I think ORCL is overpriced it is uptrend since the beginning Oct 2022. also, the stocks' mean P/E ratio is about 20 now it is almost 30s. for these reasons, I am bearish on ORCL. I want to move opposite side I think the stock needed consolidation and then bounced up.
ORCL due for a strong dropORCL daily didn't change too much from the last report/analysis. It is still in a rising wedge and prices arrive at the end of the pattern. Even though the market had an extreme bull run the last 2 weeks ORCL didn't move too much. Once the price breaks the lower trend line, it would be a very nice short-sell position with a very big reward-to-risk ratio as major support would be at BigRed which is around 15% from this price.
Volume does confirm a bearish stand of view due to the fact red days are on bigger volume while green on weaker volume.
It is still above all major MA which is bullish.
RSI has strong and powerful bearish or negative divergences which indicate there is a huge chance of an imminent drop.
MACD same like RSI has big bearish divergences indicating ORCL is hardly keeping its price on this level.
Overall: ORCL is in big trouble for bulls. It obviously has great problems with keeping prices at this level. A rising wedge when broken will create massive sales of the price. Negative divergences in RSI and MACD will highly likely influence major drops.
However, this could also be some kind of high base formation but the high from Thursday must be broken on huge volume asap otherwise drop is imminent.
ORACLE Bullish as long as the 1D MA50 supports.Oracle Corporation (ORCL) is on a Channel Up within a Channel Up (blue) that is rising despite the Channel Down (bearish divergence) on the 1D RSI. We are now exactly on the 0.618 Fibonacci retracement level, which is the highly critical Golden Ratio. As long as the 1D MA50 (blue trend-line) is holding, then the Channel Up will eventually push higher towards the 0.786 Fibonacci (96.50). A break below the 1D MA50, should re-test the 0.382 Fib (78.20) and depending on the time it breaks, potentially the 1D MA200 (orange trend-line) as well.
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ORCL daily - sell signalORCl is inside of a big rising wedge which is a bearish pattern, and inside of which is a smaller rising wedge. A day before we had the Doji indecision candlestick pattern and today we confirmed a drop, therefore, it got a sell signal.
Volume is not confirming price action as it is below 20 days.,
It is above all major MA which could be bullish.
RSI is in overbought territory and has strong bearish/negative divergences which are bearish and could indicate sooner than later correction.
MACD also has strong negative/bearish divergences.
Overall: ORCL is in a big bearish pattern which break could cause a major fall in price. In the case of a further drop, ORCL has to find support at the downtrend line otherwise could be fast and nasty. Because of price action, volume, and RSI and MACD negative divergences, it got a sell signal.
Oracle Long Biashey, guys hope you doing well.
we have a nice area on Oracle HTF MN which we call PCP. if price drops then we will use that upto its departure height but if no, then we will see for the new Demand levels to go for longs.
good luck
Oracle attacks pivotal resistance - AnalysisOracle Corporation's stock (ORCL) extended its gains and tackled the pivotal resistance of 84.50, amid the dominance of the upward correctional short-term trend, while buoyed by trading above the 50-day SMA, with positive signals from the RSI.
Therefore we expect more gains for the stock, targeting the resistance of 90.70, provided the resistance of 84.50 was breached.
Is Oracle Attempting a Breakout?Oracle has performed better than most technology and software companies, and now it may be attempting a breakout.
The first pattern on today’s chart is the triangle that took shape in December. Prices ended 2022 slightly above the top, and buyers jumped in yesterday.
Second is the $84.50 level. It was resistance in June 2021, support three months later and then resistance again last March and December. Can ORCL push through on the next test?
Third, MACD has fallen steadily for the last four weeks. This prevented a breakout following a strong quarterly report last month, but now the oscillator has started rising. That could suggest momentum is turning back in favor of the bulls.
Finally, moving averages are potentially bullish. The 50-day simple moving average (SMA) had a “golden cross” above the 200-day SMA last month. The 8-day exponential moving average (EMA) has also remained above the 21-day EMA since late October.
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Oracle: Sweet Temptation 🔥Oracle is moving dangerously close to the resistance line at $85.58, which would activate our alternative scenario. In that case, the stock would rise further into the green target zone between $85.45 and $92.50 to finish off the grey wave alt.I before sinking back into a correction. Primarily, we expect the course to drop into the green target zone between $72.66 and $63.46 to complete the grey wave II. After completion, we predict Oracle heading North in the longterm.
ORCL 8/31/2022ORCL
You don’t need an Oracle to tell you where this one is heading!
ORCL entered the continuation of its uptrend back in Aug.’20.
This uptrend lasted up until Jul’21.
From Jul.’21 – Jan.’22, price formed an Expanding/Reverse symmetrical triangle.
By the end of the Jan.’22, price broke down from triangle. This confirmed the top of the market and the reversal of trend.
Following this breakdown, we saw a Death Cross confirming the bearish conditions in the market.
Since reaching a high of 106, price has now made a series of lower Highs and lower lows. This confirmed the downtrend for ORCL.
The price rejection of the 200ema gives us a good entry point to enter trade short.
Entry: 74.33
Stop loss: 80.88
Target #1: 64.16, +13.51%, +1.5 RR ratio
Target #2: 56.14, +24.32%, +2.69 RR ratio
