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ORCL34 trade ideas

Oracle Corp (ORCL) bearish scenario:The technical figure Rising Wedge can be found in the daily chart of the US company Oracle Corp (ORCL). Oracle Corporation is an American multinational computer technology corporation. The company sells database software and technology (particularly its own brands), cloud engineered systems, and enterprise software products, such as enterprise resource planning (ERP) software, human capital management (HCM) software, customer relationship management (CRM) software (also known as customer experience), enterprise performance management (EPM) software, and supply chain management (SCM) software. The Rising Wedge broke through the support line on 29/11/2022. If the price holds below this level, you can have a possible bearish price movement with a forecast for the next 10 days towards 77.63 USD. Your stop-loss order, according to experts, should be placed at 83.48 USD if you decide to enter this position. Oracle is expected to post earnings of $1.17 per share for the current quarter, representing a year-over-year change of -3.3%. The consensus earnings estimate of $4.96 for the current fiscal year indicates a year-over-year change of +1.2%. This estimate has changed -0.4% over the last 30 days. For the next fiscal year, the consensus earnings estimate of $5.55 indicates a change of +11.8% from what Oracle is expected to report a year ago. Over the past month, the estimate has changed -0.2%. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
NYSE:ORCLShort
by legacyFXofficial
$ORCL - Post dividend distribution dumpNot following the company's fundamentals or anything, just general market sentiment and macro along with obvious signs on SPY's head and shoulders. The pile up into safe dividend stocks & the additional pump done by dividend distributions on tech stocks which caused the recent 2-3w tech rally is over. The top is in for tech stocks and the price is about to be "Stabilized" lower than it's normal trading range. The move has already started as you can see from the spinning top you can see on the chart.
NYSE:ORCLShort
by leenixusu
OrclThee most overbought mid cap Tech stock on my list right now.. 1.At resistance RSI At 75 Daily money flow At 95!!! Outside its Bollinger bands Picture a 15 foot jinga lol. I'm waiting on a reversal candle to go short 1st target will be 73$. Things will get nasty very quickly once it's back under 73$. So how did a company that's not a meme go up 25% in 10 trading days? 2 reasons, 1.pattern - Double bottom 2. 5 Price upgrades in the 70-80$ range. I've been doing this long enough to spot manipulation. In the next few sessions you should see some smaller candles followed by some sideways trading; that's the institutions trying to dump at supply area
NYSE:ORCLShort
by ContraryTrader
4
ORACLE Broke above the 1D MA50, first time in more than a monthThe Oracle Corporation (ORCL) broke today above its 1D MA50 (blue trend-line) for the first time since September 14. Within the long-term Channel Down pattern that the price has been trading in since January 12, this is the fastest break-out after a Lower Low bounce. Basically it resembles the fast rebound after the February 24 Low and in order for you to see the similarities I have plotted it on the current price action. Technically, the top should be either on the 1D MA200 (orange trend-line) or the Lower Highs trend-line of the Channel Down. A break above the Lower Highs though, and more importantly the 0.382 Fibonacci retracement level, can potentially be a signal that the long-term sentiment has shifted back to being bullish and the upper Fibs should be targeted. It is worth noting that while the price has been trading on Lower Highs, the RSI on the 1W time-frame has been trading on Higher Highs. This divergence could be an early sign of an upcoming trend change. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYSE:ORCL
by TradingShot
Swin trade on ORCL 1 hour chartDiscalimer: I do not give solicitation to buy or short. ======================= I cover various stocks which can be profitable based on the stock charts and technical indicators. I try my best to explain as detailed as possible but your feedback is also appreciated Before you enter a trade , one must learn how to master the charts as Stock charts play a big role in deciding when to buy or when not to buy. Technical Trading help in predicting price movements and have a risk management. Stock trading is like any other business and must be taken seriously. Lot of people lose money because they don't educate themselves and end up placing trades blindly which results in big losses Stock charts is the major component day traders, swing traders, core traders use. Times and technology has changed and if you cannot adapt to the new methods , there is a high chance you will be left behind Millions of shares are traded now using desktop , laptop or gadgets and stock charts is what majority of traders look at. So , if you want to be a daytrader , swingtrader or coretrader learn how to read and interpret charts. There are lot of great books out there like Thomas Bulkowski's Encyclopedia of chart patterns and Steve Nison Japanese Candlesticks interpretation Having someone experienced can also cut the learning curve time for a new trader. Trading does take time and with discipline , hardwork , dedication and most importantly Passion for this needs to be there.
NYSE:ORCLLong
by Composed_Trader
ORCL 6/7/2022ORCL ORCL entered a Sideways range Sept.’21 after trend was broken. The sideways trend lasted until Jan’22 Jan.’22, price broke down from range. The sideways range was deemed a Distribution stage. A downtrend was to follow. On the breakdown, price made a low of 72 and we also saw a death cross between 50 and 200 ema. This further confirmed the bearish conditions. After a pullback to resistance, price made another move down and broke below the low of 72 and made a lower low at 66. The Downtrend has now been confirmed. Currently, price has pulled back to the previous low of 72. Yesterday’s candlestick closed as a shooting star at this resistance level. This will be my cue to enter trade short. Entering trade short Entry: 72.86 Stoploss: 77.07 Target: 61.15, 16.07%, 2.78 RR ratio
NYSE:ORCLShort
by rudcharts
ORACLE finally pushed back from the support lineTarget horizon: 1-2 months Target: $84 Stop order: $72 Technical analysis The share price has pushed away from the local support line. Idea for the growth of the paper with a target of $84. The profit/risk ratio is 3.00. Fundamental factor. Oracle is a U.S. corporation, the second-largest software producer by revenue, the largest producer of software for organizations, and a major provider of server hardware. The company will report financial results for the first quarter of fiscal year 2023 today, Sept. 12. Analysts expect revenue of $11.33 billion and earnings per share of $1.08. If the report beats analysts' exp ectations and the company's management gives a good outlook, the market could put that positive value on the company.
NYSE:ORCLLong
by SiriusBH
Oracle: No end in sight for the pain!Oracle Intraday - We look to Sell a break of 68.29 (stop at 71.31) The primary trend remains bearish. A sequence of daily lower lows and highs has been posted. We can see no technical reason for a change of trend. We expect an initial move higher to fail and look to set shorts on a break back through 68.50. Our profit targets will be 60.09 and 58.00 Resistance: 71.50 / 74.00 / 82.00 Support: 60.00 / 56.00 / 44.00 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.
NYSE:ORCLShort
by VantageMarkets